Hike’s Revenue Skyrockets 8X to INR 150 Cr in FY23 and Losses Increase by 24%
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…
Vivifi India Finance: $75M Series B Funding Secured
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.…
Unveiling Insights into Sugar.fit’s Series A Funding Round in HealthTech
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…
Byju’s Plans to Raise $200 Million Through Right Issue
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…
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…
Rapido Triples Revenue to Rs 443 Crore in FY23, Diversifies Income Streams
Three points you will get to know in this article: In the early stages of the fiscal year 2023, Rapido successfully secured an impressive $180 million in funding from prominent backers such as Swiggy, WestBridge, TVS Motor, Shell Ventures, and Nexus Ventures. This substantial financial infusion played a pivotal role in catapulting Rapido’s growth by threefold, providing the company with…
SaaS Unicorn Amagi Achieves Remarkable Rs 680 Cr Revenue in FY23
Three points you will get to know in this article: Amagi, the innovative cloud-based media SaaS technology firm, experienced an impressive threefold surge in its earnings over the past two financial years. Surging from Rs 219 crore in FY21 to a remarkable Rs 680 crore in FY23, the company displayed remarkable growth. However, despite achieving profitability in FY21, Amagi faced…
BluSmart Mobility Introduces Innovative Pricing Model for Electric Mobility: Rush Hours vs. Relaxed Hours
Three points you will get to know in this article: BluSmart Mobility, with a keen focus on electric vehicles, has discreetly unveiled a fresh pricing model tailored to different times of the day. This innovative structure comprises two distinct tiers: ‘rush hours’ and ‘relaxed hours.’ As the names suggest, charges during ‘rush hours’ are set to be higher than those…