The Ayurveda Experience crosses Rs 250 Cr revenue in FY23, eyes profitability The Ayurveda Experience (TAE), a D2C skincare and nutrition brand, continued its growth momentum in the fiscal year ending in March 2023. The firm registered an impressive 84% growth in its scale while the losses dipped nearly 30% in FY23. The Ayurveda Experience’s revenue from operations surged around 84% to Rs 259 crore in FY23 from Rs 141 crore in FY22, according to its consolidated financial statements filed with the Registrar of Companies- stated by Entrackr. #Entrackr #Ayurveda #Fintrackr #TAE #News #Startups #StartupNews #Skincare #Nutrition https://entrackr.com/2023/11/the-ayurveda-experience-crosses-rs-250-cr-revenue-in-fy23-eyes-profitability/

Ustraa reports Rs 100 Cr revenue and Rs 40 Cr loss in FY23 Men’s grooming startup Ustraa was acquired by Carlyle-owned wellness and beauty company VLCC at a 40% valuation cut in July this year. The company grew decently in terms of scale but its losses continued to widen in FY23. While we will look at its expenses and losses in the second half of the story, for now let’s look at its avenues of revenue and their growth. Ustraa’s revenue from operations grew by 47% to Rs 97 crore in FY23, according to its annual financial report with the Registrar of Companies. #Ustraa #Entrackr #Fintrackr #Startup #StartupNews #News #Carlyle https://entrackr.com/2023/11/ustraa-reports-rs-100-cr-revenue-and-rs-40-cr-loss-in-fy23/

Funding and acquisitions in Indian startups this week [2-7 Oct] This week, 14 Indian startups raised about $128 million. E-commerce-focused packaging company Bizongo made the headlines this week for raising the largest funding of this week and soon after laying off around 15% of its workforce. E-commerce roll up startup Mensa Brands and EV infrastructure and Software Company Bolt. Earth were the only other two firms which raised funding in double digits this week. #WeeklyFundingReport #Entrackr #News #StartupNews #Funding #Acquisitions #Startup https://entrackr.com/2023/10/funding-and-acquisitions-in-indian-startups-this-week-2-6-oct/

LEAD plugs losses in FY23 as revenue grows 2X to Rs 273 Cr Edtech unicorn LEAD has achieved a two-fold growth in revenue while simultaneously reducing expenses by over 14% in the fiscal year ending March 2023. To put this into perspective, LEAD had a similar growth trajectory in the previous fiscal year but losses had soared three-fold. LEAD’s operating income in FY23 jumped to Rs 273.2 crore as compared to Rs 132.37 crore in FY22, according to the company’s filings with the Registrar of Companies. #Lead #Fintrackr #Startup #News #StartupNews https://entrackr.com/2023/09/lead-plugs-losses-in-fy23-as-revenue-grows-2x-to-rs-273-cr/

Inflexor-backed Kale Logistics raises $30 Mn in Series B Kale Logistics has raised $30 million in a Series B funding round led by the private equity fund, Acreages Advisors. In June 2020, the logistics-focused SaaS firm raised $5 million in a Series A round led by Inflexor Ventures. The company also raised a small tranche in September last year at a valuation of $75 million. The company has not disclosed its valuation in the fresh round. Kale Logistics intends to use the fresh funds to expand its business reach across the US and Europe, according to the company’s press statement. #News #KaleLogistics #Entrackr #Fintrackr https://entrackr.com/2023/09/inflexor-backed-kale-logistics-raises-30-mn-in-series-b/

Amazon-backed M1xchange’s scale grows 2X in FY23, losses shrink M1xchange, a platform that facilitates digital invoicing and discounting for MSMEs, corporates, and financiers, has posted over two-fold growth in its operating scale during the fiscal year ending March 2023. The company also managed to cut down losses marginally. #Amazon #News #Fintrackr #Startup https://entrackr.com/2023/08/amazon-backed-m1xchange-scale-grows-2x-in-fy23-losses-shrink/

XpressBees acquires courier firm Trackon XpressBees has acquired the logistics and supply chain firm, Trackon. The deal also marks the first acquisition for the e-commerce-focused logistics startup since its inception in 2015. Last month, Entrackr exclusively reported about the development. #XpressBees #Startup #news #fintrackr https://entrackr.com/2023/08/xpressbees-acquires-courier-firm-trackon/

Country Delight posts Rs 543 Cr revenue in FY22, losses surge 6.6X Country Delight’s scale rose nearly 70% to cross the Rs 500 crore revenue mark in the fiscal year ending March 2022. The losses, however, for the D2C dairy brand shot up 6.6X during the same period. #fintrackr #CountryDelight #News #StartupNews https://entrackr.com/2023/08/country-delight-posts-rs-543-cr-revenue-in-fy22-losses-surge-6-6x/

Hindustan Unilever-owned Oziva’s scale falls 20% in FY23, losses shrink 31% In contrast to the five-fold expansion it had between FY20 and FY22, D2C nutrition company Oziva closed the fiscal year with a 20% decline in scale after being acquired by FMCG behemoth Hindustan Unilever. #fintrackr #news #hindustanunilever #oziva https://entrackr.com/2023/07/hindustan-unilever-owned-ozivas-scale-falls-20-in-fy23-losses-shrink-31/

Sleepwell-parent acquires Kurlon Sleepwell plans to buy about 35% of Furlenco for Rs 300 crore in cash, subject to typical working capital and other adjustments. This puts the Bengaluru-based company's valuation at over Rs 857 crore (more than $100 million). The business also said that it will pay Rs 2,035 crore for a controlling interest (94.66%) in Kurlon Enterprises, which controls the Kurlon brand. Kurlon will be worth roughly Rs 2,150 crore ($260 million) after the transaction. #sleepwell #kurlon #BusinessNews #Furlenco #Entrackr #news https://entrackr.com/2023/07/sleepwell-parent-acquires-kurlon-scoops-up-35-stake-in-furlen