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/

Wakefit posts Rs 637 Cr revenue in FY22, losses spike 2.8X Mattress, pillow, and furniture brand Wakefit has grown at a rapid clip since its inception in 2016. Its growth story could also be validated from its scale in the past four fiscal years which grew over 8X to Rs 633 crore in FY22 from Rs 73 crore in FY19. #Wakefit #Fintrackr #Fintech #Valuation #Investmentnews #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackr.com/2022/10/wakefit-posts-rs-636-cr-revenue-in-fy22-losses-spike-2-8x/

Upstox founder’s startup Rain Platforms to raise new round Rain Platforms, a company founded by Upstox founder Raghu Kumar and AGacquisitions founder Harsh Agarwal, builds, owns and operates socially enabled investing and trading platforms at the intersection of fintech and gaming. #Upstox #Revenue #Acquisition #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackr.com/2022/09/upstox-founders-startup-rain-platforms-to-raise-new-round/

Decoding Akshayakalpa Organic’s $15 Mn Series B round Organic dairy startup Akshayakalpa Organic has raised $15 million in its Series B round from British International Investment, Rainmatter Foundation, and its existing investor Venture Dairy. The new round has come after three years for the Bengaluru-based firm. #AkshayakalpaOrganic #Revenue #Acquisition #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackr.com/2022/09/decoding-akshayakalpa-15-mn-series-b-round/

Fast Food Chain Wow! Momo Raises $16 Million in Series D Wow! Momo is a quick service restaurant chain, provides everything related to momos only like momo-filled burgers and its desserts also. The startup has raised $16 million in a round led by Tree Line Investment Management #WowMomo #Fintrackr #Fintech #Valuation #Investmentnews #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackrnews000.blogspot.com/2022/09/wow-momo-raises-16-million-in-series-d.html

Waycool raises $12 Mn from Trifecta, expands ESOP pool by 20% Two months ago, Waycool had raised $40 million in an equity and debt round led by alternative investment firm 57 Stars Global Innovation Fund. It was the second round of funding for the Chennai-based firm in 2022. #MFine #Revenue #Acquisition #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackr.com/2022/08/exclusive-waycool-raises-12-mn-from-trifecta-expands-esop-pool-by-20/

Mahindra Electric’s Op-Revenue Nears Rs 450 Cr in FY22, Losses Shrink 34% Mahindra Electric's revenues have grown rapidly in recent years on the back of the booming sales of electric vehicles in India. The company's revenues stood at Rs 450 cr in 2021, up from Rs. 204.41 crore in the previous financial year. #Mahindra #Fintech #Valuation #Investmentnews #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackrnews000.blogspot.com/2022/08/mahindra-electrics-op-revenue-nears-450-cr.html

Tiger Global Leads $15 Mn Round in Jodo at $90 Mn Valuation Tiger Global Management, has led a $15 mn investment round in Jodo, a social media platform for businesses which was participated by existing investors Elevation Capital and Matrix Partners India. The investment values Jodo at $90 million. #Fintrackr #Fintech #Valuation #Investmentnews #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackrnews000.blogspot.com/2022/08/tiger-global-leads-15-mn-round-in-jodo.html

Decoding Cuemath’s latest round and shareholding structure While Cuemath did not provide much information about the financing round, Fintrackr has decoded break-up of the round, valuation and current shareholding structure of the company through its regulatory filing with the Registrar of Companies (RoC). #Cuemath #MFine #Revenue #Acquisition #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackr.com/2022/08/decoding-cuemaths-latest-round-and-shareholding-structure/

Govt withdraws data protection bill from Parliament But it may lead Big Tech to breathe a sigh of relief as industry associations opposed many parts of the bill, including those that required mandatory ‘non-personal’ data sharing. #Govtwithdraws #MFine #Revenue #Acquisition #businessnews #BusinessStartupNews #Entrackr #IPOnews #startupfundingindia #startupsnews #funding https://entrackr.com/2022/08/govt-withdraws-data-protection-bill-from-parliament/