Latest Startup l Technology News | Entrackr
WEB2 days ago · Entrackr is an independent voice on Indian Internet economy. We offer latest technology news as well as business news. Apart from news, we provide actionable insight to entrepreneurs across sectors including e-commerce, content, fintech among others.
Decoding Unacademy’s latest round and shareholding structure
WEBAug 17, 2021 · Temasek, the lead investor of the new round has acquired 4.38% stake in the company whereas Tiger Global now controls 4.24% stake. Early backers of Unacademy — Blume Ventures and Elevation Capital (formerly SAIF Partners) — retain nearly 5% and 3.4% stake in the company. The complete shareholding structure can be seen below.
Weekly Funding Report Archives - Entrackr
WEBFunding and acquisitions in Indian startup this week [12 – 17 Aug] Shashank Pathak & Md Salman Ashrafi. August 17, 2024. Report, Weekly Funding Report.
Unacademy’s revenue and losses surge over 6X in FY21 - Entrackr
WEBNov 22, 2021 · Its total annual expenses ballooned 4.5X to Rs 2,030 crore in FY21 from Rs 452 crore spent in FY20. On a unit level, Unacademy spent Rs 5.1 to earn a single rupee of revenue during FY21. As a result, the EBITDA margin for the growth stage company stood at -320.3% while annual losses have ballooned nearly 6X to Rs 1,537.5 crore during FY21.
boAt posts Rs 2,873 Cr revenue in FY22, profit dips 20% - Entrackr
WEBJan 19, 2023 · The company registered over 2X growth in its scale for two consecutive fiscal years: FY21 and FY22. But the firm’s profit dipped 20% in FY22 as cost of procurement outpaced its revenue growth. boAt’s revenue from operations shot up 2.2X to Rs 2,873 crore during the fiscal year ending March 2022 as opposed to Rs 1,314 crore in FY21 ...
Lenskart’s FY21 revenue growth stalls, profit soars 4.6X - Entrackr
WEBFeb 17, 2022 · Even with flat revenue during FY21, the company has managed to increase annual profits by nearly 4.6X to Rs 28.92 crore in the fiscal year as compared to Rs 6.32 crore booked during FY20. This is due to the 83.5% growth in the non-operating income generated by the company during the last fiscal. While …
Insurtech startup CoverSure raises $4 Mn in pre-Series A round
WEBMay 27, 2024 · CoverSure, a consumer-focussed Insurtech firm, has raised $4 million in its pre-series A round led by Enam Holdings. The proceeds will be used to build a consumer-centric insurance engagement platform using data-intelligence and machine learning capabilities, the company said in a press release. This …
Unpacking BharatPe’s latest round and ownership structure
WEBAug 26, 2021 · According to Fintrackr’s estimates, BharatPe has raised the fresh round at a post-money valuation of $2.9 billion. Current shareholding structure of BharatPe. Following the allotment of fresh shares, Sequoia has emerged as the largest stakeholder in BharatPe with 18.58% stake followed by Coatue, Ribbit, Grace Software Holding and Beenext ...
IPO-bound Unimech Aerospace raises $30 Mn in maiden funding
WEBJul 24, 2024 · IPO-bound Unimech Aerospace raises $30 Mn in maiden funding. Unimech Aerospace has raised Rs 250 crore ($30 million) from Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd as a part of its private placement round. This is the maiden funding round for the Bengaluru-based company since its inception in 2016.
Exclusive: M2P Fintech to raise $80 Mn at $900 Mn valuation
WEBJul 29, 2024 · The new round will come for the Chennai-based company after two and a half years. It raised $56 million in an equity round led by Insight Partners at a valuation of $650 million (post-money). “M2P is closing a $80 million new round of funding led by a new investor. Existing investors including Insight Partners are likely to join the round ...