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ShopKirana struggles to scale in FY24, narrows losses by 30%
2024年12月24日 · B2B e-commerce platform ShopKirana has struggled to scale in the last fiscal year as the company’s gross revenue fell by over 6%. However, the Info Edge-funded company reduced its losses by over 30% in FY24.
Mintifi reports Rs 92 Cr PAT on Rs 384 Cr revenue in FY24
2024年12月23日 · Supply-chain financing startup Mintifi has secured $180 million in a Series E funding round co-led by GTV and Prosus this month. The funding comes after Mintifi recorded a 4X growth in profit after tax (PAT) and a 72% year-on-year increase in operating scale in FY24.
Cornerstone Ventures bags $100 Mn exit from Intelligence Node
2024年12月23日 · Cornerstone Ventures, a SaaS-focused venture capital, has successfully exited Intelligence Node, a retail analytics and AI platform. The exit was achieved through a $100 million (Rs 849.5 crore) acquisition by global advertising giant Interpublic Group (IPG).
WestBridge Capital-backed IndiQube files DRHP for Rs 850 Cr IPO
2024年12月25日 · Workspace provider IndiQube has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Tuesday. The IPO includes a fresh issue of equity shares worth Rs 750 crore (approximately $89 million) and an offer for sale ...
EV maker Ampere’s scale shrinks 46% in FY24; losses multiply 11X
2024年12月20日 · After achieving two-fold growth in FY22 and FY23, electric vehicle maker Ampere experienced a 46% decline in revenue in FY24, with scooter sales plummeting by nearly 60%.
Exclusive: Logistics firm Leap India to raise $63 Mn led by KKR
2024年12月24日 · Logistic solution startup Leap India is raising Rs 535 crore (approximately $63 million) from Sixth Sense, FirstBridge India, Madhurima International, and others. This is the first round of investment for the Mumbai-based company this year. The board at Leap India has passed a special resolution to issue 1,16,25,000 preference shares and 17,50,000 equity shares at an issue price of Rs 400 each ...
Retail advisory platform Univest raises $10 Mn in Series A
2024年12月23日 · Retail advisory platform Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII). The startup had previously raised $1.5 million in a seed funding round from Trinity Media Group, Akash Anand, Deep Bajaj, and others.
Leanworx raises seed round led by YourNest Venture
2024年12月26日 · Leanworx, a Bengaluru-based startup empowering manufacturing plants with real-time data, has raised Rs 8.3 crore (approximately $1 million) in its seed funding round. The round was led by YourNest Venture Capital with Rs 6.5 crore and Rs 1.5 crore from an angel investment group. This funding comes ...
Ajinkya Rahane invests in Proxgy’s Series A round
2024年12月25日 · Proxgy, an IoT innovator specializing in safety, connectivity, and productivity solutions, has received funding from Indian cricketer Ajinkya Rahane in its ongoing $3 million Series A funding round.