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/

Uber India's Losses Decline 35% in Fiscal Year 2022 Uber India's ride-hailing business saw decent growth in FY22, with its collection from the vertical reaching Rs 388 crore. However, the company's revenue for providing support services to group companies decreased by 87.7% to Rs 8.72 crore during the same period. #Uber #Revenue #Fintrackr #Fintech #Valuation #Investmentnews #businessnews #Entrackr #startupsnews #funding https://entrackrnews000.blogspot.com/2022/12/uber-indias-losses-decline-35-percent-in-2022.html

Dailyhunt's Parent Company Has Reported a Loss of Rs 2,500 Cr and a Revenue of Rs 965 Cr for the FY22 Dailyhunt and short video entertainment app Josh, continues to lose money, with its losses more than tripling to Rs 2,500 cr but also reported a Revenue of Rs 965 Cr in FY22. #Dailyhunt #Josh #Revenue #Fintrackr #Fintech #Valuation #Investmentnews #businessnews #Entrackr #startupsnews #funding https://entrackrnews000.blogspot.com/2022/11/dailyhunts-parent-company-has-reported-loss-of-rs-2500cr-and-revenue-of-rs-965cr.html

Paytm Mall Records Rs282 Cr Revenue and Rs142 Cr Loss Revenue from Paytm Mall grew 85.3% to Rs 139.9 cr. Commission collected from merchants and sellers for providing platform services accounted for 45% of the total collection during FY22, which declined 27% to Rs 126.9 cr from the preceding year's revenue of Rs 12.7 cr. #Revenue #Fintrackr #Fintech #Valuation #Investmentnews #businessnews #Entrackr #startupsnews #funding https://entrackrnews000.blogspot.com/2022/11/paytm-mall-records-rs282-cr-revenue-and-rs142-cr-loss.html

Lendingkart’s losses mount 7X in FY22 while scale grows 24% After a flat FY21, Lendingkart has managed to grow around 25% and crossed the Rs 600 crore revenue threshold during the last fiscal year (FY22). However, this growth has been accompanied by a steep rise in losses which ballooned 7X in FY22. #Lendingkart #Fintrackr #Fintech #Valuation #Investmentnews #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackr.com/2022/10/lendingkart-losses-mount-7x-in-fy22-while-scale-grows-24/