• Neeman’s revenue grew 48% in FY23, losses spike 35% Hyderabad's sustainable footwear startup Neeman’s grew its revenue by 48% to Rs 69.5 crore in FY23, driven largely by fabric sales (55%) and open/close footwear (44%). Founded by Taran Chhabra, the D2C brand utilizes materials like Merino wool and recycled PET. Expenses rose 43% to Rs 103.45 crore, with materials (40%), ads (30%), and transportation (9%) as major costs. Despite revenue growth, losses widened 35% to Rs 34 crore, with EBITDA margin and ROCE at -46.07% and -113.15% respectively. #thekredible #Startup #News #Insights #Neemans #SustainableFootwear #OrganicCotton #RecycledMaterials #FootwearIndustry #EcommerceBusiness #StartupFinance #HyderabadStartups https://thekredible.com/blogs/neemans-revenue-grew-48-in-fy23-losses-spike-35
    Neeman’s revenue grew 48% in FY23, losses spike 35% Hyderabad's sustainable footwear startup Neeman’s grew its revenue by 48% to Rs 69.5 crore in FY23, driven largely by fabric sales (55%) and open/close footwear (44%). Founded by Taran Chhabra, the D2C brand utilizes materials like Merino wool and recycled PET. Expenses rose 43% to Rs 103.45 crore, with materials (40%), ads (30%), and transportation (9%) as major costs. Despite revenue growth, losses widened 35% to Rs 34 crore, with EBITDA margin and ROCE at -46.07% and -113.15% respectively. #thekredible #Startup #News #Insights #Neemans #SustainableFootwear #OrganicCotton #RecycledMaterials #FootwearIndustry #EcommerceBusiness #StartupFinance #HyderabadStartups https://thekredible.com/blogs/neemans-revenue-grew-48-in-fy23-losses-spike-35
    THEKREDIBLE.COM
    Neeman’s revenue grew 48% in FY23, losses spike 35%
    Sustainable footwear startup Neeman’s saw its top line scaling over 48% to Rs 69.5 crore in the fiscal year ending March 2023.
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    MEENUGATE6.HASHNODE.DEV
    A Comprehensive Guide to Salesforce Integration with Other Solutions
    In today's rapidly evolving business landscape, organizations must leverage technology to stay competitive and meet the dynamic needs of their customers. One powerful tool that businesses are increasingly relying on is Salesforce, a leading customer ...
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  • How to Analyze Business Performance for More Sales? Analyzing a business and its performance is not easy. However, the online presence has made it easier because you can measure the performance, the number of inquiries or calls, how they have come, the reason why they are high or low, etc. #services #data https://www.globalblogzone.com/analyze-business-performance-for-sales/
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    How to Analyze Business Performance for More Sales
    The advent of digitization has completely changed the way we deal with customers. Now, you don’t have to wait for them to come physically and sign a deal. Everything can…
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