Dream11 Records INR 6,384 Crore Revenue and INR 188 Crore PAT in FY23

Three points you will get to know in this article: In the past fiscal year, Dream Sports, the proud parent company of Dream11, showcased an exceptional financial performance, witnessing a remarkable 66.21% growth in revenue, bringing it close to the impressive Rs 6,400 crore mark for FY23. Simultaneously, the company experienced a 32.40% surge in profits during the same period.…

PedalStart: Nurturing Startup Visionaries with Mentorship and Acceleration

Three points you will get to know in this article: Many aspiring entrepreneurs are constantly seeking the perfect mentorship to guide them on their journey into the startup world. PedalStart, based in Gurugram, has ingeniously embraced this concept by providing a community-centric platform. Here, budding entrepreneurs have the invaluable opportunity to glean insights from industry experts, refine their ideas and…

Udaan Secures $340 Million in Series E Funding, Experiences 59.3% Valuation Dip

Three points you will get to know in this article: Udaan, the B2B e-commerce platform, recently revealed a substantial boost in funding with a noteworthy $340 million injection during its Series E round. The financing was jointly led by M&G Plc and Lightspeed Partners Venture, alongside ongoing support from existing investors like DST Global and Tencent, among others. It’s worth…

Flipkart Secures $600 Million Investment from Walmart, Plans Operational Expansion

Three points you will get to know in this article: In a significant financial move, Flipkart, the leading player in the e-commerce domain, has successfully secured a substantial investment of $600 million or Rs 5,000 crore from its parent company Walmart through its investment arm, FIT HOLDINGS SARL. The decision to raise these funds was formalized by the Flipkart board,…

Healthkart Witnesses Remarkable Revenue Surge, Soaring 2.7 Times to Rs 832 Crore in FY23

Three points you will get to know in this article: Over the FY18-FY21 span, Healthkart experienced a plateau in its growth trajectory, yet over the last couple of years, the company has successfully reignited its upward momentum. Remarkably, the nutritional powerhouse saw its revenue skyrocket by 2.7 times, reaching Rs 832 crore in FY23, a significant leap from Rs 307…

Udaan Undertakes Strategic Restructuring with Layoffs Amid Business Consolidation

Three points you will get to know in this article: In September, Udaan, the B2B e-commerce platform, underwent a strategic restructuring that led to the unfortunate layoff of over 100 dedicated employees. The company, headquartered in Bengaluru, undertook a comprehensive reorganization, uniting its essentials business encompassing FMCG, staples, and pharma with the discretionary business covering general merchandise, lifestyle, and electronics.…

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