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

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…

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…

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