Deepetch Ecozen records 2X rise in scale in FY23, expenses follow Ecozen, a deeptech firm based in Pune, saw its revenue surge to Rs 295.5 crore in FY23, a 2.4X increase from Rs 123 crore in FY22. The firm, known for climate-smart solutions, faced significant expenses, raising overall costs to Rs 289.5 crore. Despite rising losses to Rs 5.7 crore, it secured substantial funding and maintained positive EBITDA and ROCE. #thekredible #Startup #StartupNews #Data #Insights #Ecozen #SustainableTech #EnergyStorage #PuneStartups #GreenTechnology #Investment https://thekredible.com/blogs/deepetch-ecozen-records-2x-rise-in-scale-in-fy23-expenses-follow

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Tirex Chargers posted 67% hike in scale in FY23, losses drop 70% Tirex Chargers, an EV charging company in Ahmedabad, experienced a 67% revenue increase to Rs 13.3 crore in FY23. Offering AC and DC chargers from 7kW to 360kW, it serves various vehicles and has installed 10,000 kW chargers for clients like Foton and Olectra. Despite a 68% rise in expenses, it maintained revenue parity, supported by a Seed round of Rs 15 crore in 2022. #thekredible #Startup #StartupNews #Data #Insights #TirexChargers #ElectricVehicles #StartupInvestment #GreenTechnology #RenewableEnergy #AutomotiveIndustry #RevenueGrowth https://thekredible.com/blogs/tirex-chargers-posted-67-hike-in-scale-in-fy23-losses-drop-70

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/

Traya Health Reaches 8X Scale Growth in FY23, Expenses Increase Mumbai-based Traya Health's revenue surged 8.8X to Rs 61.7 crore in FY23. Established in 2019, it offers personalized hair care products. Operational revenue rose to Rs 61 crore from Rs 6 crore. Major expenses included advertising (55%) and materials (15%). Losses increased to Rs 27.8 crore. Recently, it secured Rs 75 crore in Series A funding from Xponentia Capital. #thekredible #TrayaHealth #HairCare #HairLossSolutions #StartupIndia #RevenueGrowth #News #Startup #Data #Insight #XponentiaCapital #SeriesAFunding https://thekredible.com/blogs/traya-health-posted-8x-growth-in-scale-in-fy23-expenses-rise

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A Detailed Analysis of Tinder's Business Model to Dating App If you want to create your own dating app then you must know about how Tinder works. In this blog, we have discussed the complete analysis of the business and revenue model for Tinder. This analysis will help you to get detailed idea for your dating app startup. The key points are as follows: - Tinder Stats and Subscriber Growth - How Does Tinder Work? - How Does Tinder Make Money? - Tinder's Business Model for Dating Startups For more information, contact us to set up a meeting with our IT expert today! https://medium.com/@gohelmeet91/how-tinder-works-analysis-of-business-and-revenue-model-19e86a8e5650 #howtinderworks #datingapp

Why Entrepreneurs Targeting Metaverse Game Development, A New Path to a Profitable Business? Entrepreneurs target metaverse games development because of its huge profitability and innovation potential. Metaverse represents a rapidly expanding digital frontier that delivers an immersive experience that appeals to a global audience. This Digitalized Gaming market is fueled by advances in virtual reality, blockchain technology and decentralized finance, enabling new revenue streams through virtual real estate, digital assets and in-game economies. In addition, the metaverse promotes community engagement and brand loyalty by offering unique monetization opportunities. The growing demand for virtual reality, interconnected experiences offers entrepreneurs a chance to create thriving businesses like Metaverse Game Development that are both profitable and innovative. Get a Free Demo For Metaverse Games: https://www.kryptobees.com/metaverse-game-development-company #usa #uk #dubai #uae #Philippines #Venezuela #USA #Indonesia #Thailand #Russia #Germany #UnitedKingdom #France #spain #poland #italy #ukraine #romania #netherlands #belgium #sweden #California #Colorado #Connecticut #Delaware #Florida #Georgia #Hawaii #Idaho #Illinois #Indiana #Iowa #Kansas #Kentucky #Louisiana #Maine #Maryland #Massachusetts #Michigan #Minnesota #Mississippi #Missouri #Montana #Nebraska #Nevada #NewHampshire #NewJersey #NewMexico #NewYork #NorthCarolina #NorthDakota #Ohio #Oklahoma #Oregon #Pennsylvania #RhodeIsland #SouthCarolina #SouthDakota #Tennessee #Texas #Utah #Vermont #Virginia #Washington #WestVirginia #Wisconsin #Wyoming

Revenue Modules of Bybit clone script A Bybit clone script is a pre-made crypto exchange script that replicates the features and functionalities of the Popular Bybit crypto exchange. Bybit clone script is instrumental for entrepreneurs looking to launch their own crypto trading platforms quickly in the crypto market. In this short story, you learn about the revenue modules of the Bybit clone script.