BigHaat logo
Posted in Technology

Agritech Startup BigHaat Initiates Series C Funding Round

by SA TeamPosted on

Three points you will get to know in this article: A pioneering Agritech venture, BigHaat, has recently secured a substantial $8.4 million in Series C funding. This investment round, jointly spearheaded by the esteemed Ashish Kacholia and RBA Finance and Investment Company, underscores a significant stride in BigHaat’s growth trajectory. Notably, the infusion of capital also witnessed enthusiastic participation from…

hike logo
Posted in Social Media

Hike’s Revenue Skyrockets 8X to INR 150 Cr in FY23 and Losses Increase by 24%

by SA TeamPosted on

Three points you will get to know in this article: In the past, Hike experienced a period of slow progress and transformations within its business landscape. However, in the most recent fiscal year, there was a remarkable upturn in its expansion. Particularly noteworthy was the growth of Hike’s Rush Gaming Universe (RGU), a platform hosting a variety of skill-based casual…

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Posted in Pharma

PharmEasy Achieves INR 6,600 Cr Scale in FY23; 16% Reduction in Losses

by SA TeamPosted on

Three points you will get to know in this article: In the financial year of 2022, API Holdings, the parent company overseeing the online pharmaceutical service PharmEasy, faced significant financial setbacks. However, in the subsequent fiscal year of 2023, the Mumbai-based company successfully enhanced its financial performance. Despite this improvement, API Holdings had to make compromises on the rapid expansion…

Altitude Club logo
Posted in Fintech

Altitude Club Redefines Investment Landscape with ‘Mutual Fund for Alternative Assets

by SA TeamPosted on

Three points you will get to know in this article: Increasing numbers of Indians are exploring alternative financial instruments that promise higher returns on their investments. In the recent month, India witnessed a remarkable surge in new Demat account registrations, setting a record at 42 lakh, with the overall count reaching 13.93 crore. Altitude Club, headquartered in Gurugram, is on…

vivifi logo
Posted in Fintech

Vivifi India Finance: $75M Series B Funding Secured

by SA TeamPosted on

Three points you will get to know in this article: Hyderabad-based fintech NBFC, Vivifi India Finance, has successfully secured $75 million in its Series B funding round, a blend of debt and equity. Although the specific investors remain undisclosed, regulatory filings indicate that BP IN VPF LLC has contributed to this funding, propelling Vivifi’s valuation to an estimated $150 million.…

zoho logo
Posted in Technology

Zoho Reports INR 2,800 Crore Profit in FY23, with 30% Revenue Growth

by SA TeamPosted on

Three points you will get to know in this article: Zoho stands out as a rare gem in the tech industry, successfully unraveling the secrets to achieving both expansive growth and a robust financial standing. Remarkably, this feat was accomplished without relying on external capital. In the fiscal year 2023, Zoho witnessed an astounding surge of almost 300% in its…

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Posted in Social Media

Unveiling Insights into Sugar.fit’s Series A Funding Round in HealthTech

by SA TeamPosted on

Three points you will get to know in this article: Sugar.fit, a pioneering startup dedicated to diabetes management, has just revealed an impressive achievement in securing $11 million in funding during its Series A round. Leading the charge in this funding milestone is MassMutual Ventures, with significant contributions coming from existing supporters, including Cure.fit (now known as Cult.fit), Tanglin Venture…

Infibeam Avenues logo
Posted in Fintech

Infibeam Closes Q3 FY24 with INR 900 Cr Revenue, Recording INR 41 Cr Profit

by SA TeamPosted on

Three points you will get to know in this article: On Tuesday, Infibeam Avenues, a leading fintech company, unveiled its financial performance for the third quarter of the current fiscal year, Q3 FY24. The reported results paint a compelling picture, showcasing sustained growth in both revenue and profits. During Q3 FY24, Infibeam experienced a noteworthy 15.4% surge in revenue from…

Byju's logo
Posted in Education

Byju’s Plans to Raise $200 Million Through Right Issue

by SA TeamPosted on

Three points you will get to know in this article: Byju’s, the leading Edtech company, is in the process of securing $200 million through a rights issue extended to all its equity shareholders. This strategic move coincides with the company’s ambitious goal of initiating a more substantial equity fundraising round. The intended rights issuance by TLPL is designed to bolster…

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Posted in Food

Ferns N Petals Records INR 607 Crore Revenue in FY23; Faces Substantial Losses

by SA TeamPosted on

Three points you will get to know in this article: The thriving gift-giving hub, Ferns N Petals, experienced rapid expansion over the recent financial periods. However, the company hit a growth plateau in FY23. During the last fiscal year, the Delhi-based enterprise saw a modest 4.8% uptick in its income but faced a substantial setback, recording significant losses amounting to…

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