BluSmart raising $24 Mn in pre Series B BluSmart Mobility, an EV ride-hailing and charging hub operator, is raising Rs 200 crore ($24 million) in a pre-Series B funding round by issuing over a million preference shares. This capital-intensive company, founded in 2019, operates 4,400 EV chargers and 7,000 vehicles, competing with Ola and Uber with a unique scheduled pick-up model. Despite significant revenue growth, from Rs 160 crore in FY23 to Rs 390 crore in FY24, audited financials are pending. BluSmart is also expanding to Dubai. #Entrackr #Fintrackr #News #Startup #StartupNews #BluSmart #ElectricVehicles #GreenMobility #SustainableTransport #Startup #DubaiLaunch #RevenueGrowth https://entrackr.com/2024/05/blusmart-raising-24-mn-from-existing-investors/

Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24 Nykaa, an online fashion and beauty commerce platform, reported a 24.1% growth in revenue, reaching Rs 6,386 crore in FY24, up from Rs 5,144 crore in FY23. Profit after tax surged by 90.5% to Rs 40 crore. Despite a 6.8% sequential drop in Q4 revenue, total income for the year stood at Rs 6,416 crore. Costs related to procurement and operations increased, but effective cost management led to improved profitability. The company also announced new ESOP options for employees. #Fintrackr #News #Startups #StartupNews #Nykaa #RevenueGrowth #ECommerceSuccess #FashionTech #Entrackr https://entrackr.com/2024/05/nykaa-posts-rs-6386-cr-revenue-and-rs-40-cr-pat-in-fy24/

MoneyView posts Rs 577 Cr revenue in FY23; profit spikes 27X Online credit platform MoneyView secured $75 million in its Series E round led by Apis Partners in December 2022. The mammoth funding helped the firm achieve 2.6X growth in its scale along with a staggering 27X jump in profit during the fiscal year ending March 2023. Visit - https://entrackr.com/2024/04/moneyview-posts-rs-577-cr-revenue-in-fy23-profit-spikes-27x/ #Entrackr #MoneyView #Revenue #startupnews #news

Portea’s revenue stays flat in FY23; losses grow 32% Home healthcare solution provider Portea has been struggling to scale which is evident from its stagnant growth in FY23. At the same time, the Accel-backed firm’s losses grew 32% during the fiscal year ending March 2023. Visit- https://entrackr.com/2024/04/porteas-revenue-stays-flat-in-fy23-losses-grow-32/ #ENtrackr #Portea #Revenue #startupnews #news

Compliance automation startup Sprinto raises $20 Mn led by Accel Sprinto, a compliance automation platform for SaaS companies, has secured $20 million in Series B funding round led by Accel along with participation from existing investors Elevation Capital and Blume Ventures. Visit - https://entrackr.com/2024/04/compliance-automation-startup-sprinto-raises-20-mn-led-by-accel/ #funding #indianstartups #startupsfunding #entrackr #Sprinto #saas

Funding and acquisitions in Indian startups this week [01-06 Apr] This week as many as 30 Indian startups raised $172.71 million in funding. These deals include eight growth-stage deals and 16 early-stage deals. Visit - https://entrackr.com/2024/04/funding-and-acquisitions-in-indian-startups-this-week-01-06-apr/ #Funding #IndianStartups #FundingReport #StartupsFundingReport #StartupsFunding #Entrackr

Myntra claims positive EBITDA in the last two quarters Myntra has announced that it turned operationally profitable in the last two quarters of the calendar year 2023. Myntra recorded 25% growth in scale to Rs 4,375 crore during FY23 as compared to Rs 3,501 crore in FY22. https://entrackr.com/2024/03/myntra-claims-positive-ebitda-in-the-last-two-quarters/ #Myntra #Flipkart #Entrackr #News

Nikhil Kamath-backed Gruhas invests in Shark Tank fame Bummer Shark Tank fame direct-to-consumer (D2C) innerwear brand Bummer has raised Rs 9.25 crore led by Gruhas Consumer Fund along with the participation of Fluid Ventures Fund. Visit - https://entrackr.com/2024/03/exclusive-nikhil-kamath-backed-gruhas-invests-in-shark-tank-fame-bummer/ #SharkTank #Bummer #investment #startupnews #entrackr

Monthly Funding Report https://entrackr.com/2024/03/indian-startups-raise-900-mn-in-february-report/

Funding and acquisitions in Indian startups this week [19-24 Feb] This week as many as 26 Indian startups raised funding amounting to nearly $129.5 million. These deals count five growth-stage deals and 19 early-stage deals. #Funding #acquisitions #Indianstartups #Entrackr https://entrackr.com/2024/02/funding-and-acquisitions-in-indian-startups-this-week-19-24-feb/