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Agritech Startup Fasal’s FY24 Revenue Jumps 89% to INR 34.1 Cr

Inc42 · 1y ago

Agritech Startup Fasal’s FY24 Revenue Jumps 89% to INR 34.1 Cr

Agritech startup Fasal has reported a 89% increase in operating revenue for the financial year ending March 2024. Fasal, founded in 2018, provides AI and IoT solutions for precision horticulture and crop-specific intelligence to optimize resources and increase farm productivity. The company's total expenses increased by 34.6%, resulting in a net loss of INR 34 Cr for FY24. Fasal aims to provide high-quality, traceable produce and optimize the entire value chain.

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Astrotalk’s FY24 Profit Jumps Multifold To INR 100 Cr

Inc42 · 8m ago

Astrotalk’s FY24 Profit Jumps Multifold To INR 100 Cr

Astrotalk, an online astrology startup that offers consultations with astrologers, saw a significant increase in its operating revenue. In FY24, the company's revenue jumped by nearly 130% compared to the previous year, reaching INR 651.12 crore. Astrotalk generates revenue through fees charged to customers for their consultations. Earlier this year, the startup also secured INR 110 crore in funding through a combination of primary and secondary transactions.

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

Inc42 · 9m ago

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

The startup reported a significant increase in operating revenue of INR 88 Cr, a 114% rise from the previous year. However, its total loss for the fiscal year 2024 was INR 96 Cr, showing an 18% decrease from the previous fiscal year. The startup's expenditure also increased by 21% to reach INR 200 Cr in FY24 compared to INR 165.4 Cr in the previous fiscal year.

Wakefit Claims EBITDA Profitability In FY24, Revenue Jumps 24% To INR 1,017 Cr

Inc42 · 10m ago

Wakefit Claims EBITDA Profitability In FY24, Revenue Jumps 24% To INR 1,017 Cr

Wakefit, a sleep solutions startup, announced an EBITDA profit of INR 65 Cr for FY24, along with a revenue increase of 24% to INR 1,017 Cr. This is a significant improvement from the net loss of INR 146 Cr reported in FY23, indicating positive growth for the company.

RentoMojo FY24: Profit Jumps 3X To INR 22 Cr, Operating Revenue Inches Closer To INR 200 Cr

Inc42 · 9m ago

RentoMojo FY24: Profit Jumps 3X To INR 22 Cr, Operating Revenue Inches Closer To INR 200 Cr

RentoMojo, an online furniture rental startup, experienced strong growth in FY24. Its operating revenue increased, reaching nearly INR 200 crore, driven by high customer demand and improved efficiency through automation. The company's profit after tax also saw a significant increase, surging more than three-fold to INR 22 crore compared to the previous year. RentoMojo's EBITDA grew 142% year-on-year to INR 66 crore, thanks to increased operational efficiency achieved through automation.

MyGate’s Operating Revenue Jumps 35% To INR 96.2 Cr In FY24; Cost Optimisation Continues

Inc42 · 1y ago

MyGate’s Operating Revenue Jumps 35% To INR 96.2 Cr In FY24; Cost Optimisation Continues

In FY24, MyGate, a startup, generated INR 85.4 Cr in enterprise revenue with a 35.1% YoY growth. Additionally, it earned INR 10.9 Cr from consumer services. The company reported an 85% reduction in cash burn, achieving zero cash burn in the March quarter. However, MyGate recorded an adjusted EBITDA loss of INR 20.4 Cr, an improvement compared to the INR 71.3 Cr loss in the previous fiscal year.

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Inc42 · 1y ago

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.

Zaggle Q3: PAT Jumps 10X YoY To INR 15.2 Cr

Inc42 · 1y ago

Zaggle Q3: PAT Jumps 10X YoY To INR 15.2 Cr

Fintech SaaS startup Zaggle saw a significant jump in its profit after tax (PAT), reporting a 10x increase to INR 15.2 Cr in Q3 of FY24, compared to INR 1.5 Cr in the same period last year. The company's strategic product diversification and cost-cutting measures contributed to the growth. Zaggle also achieved an all-time high quarterly revenue, with a 35.1% YoY increase to INR 199.5 Cr. Founder Narayanam highlighted the successful launch of commercial credit card offerings and the entry into the fleet loyalty card program as factors driving growth.

Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24

Inc42 · 1y ago

Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24

Trust Fintech, a Nagpur-based company offering SaaS products and fintech solutions, witnessed a significant increase in operating revenue, which rose by 55.4% to INR 35 Cr in FY24 compared to INR 22.5 Cr in FY23. However, the company experienced a decline in profit and revenue in the second half of FY24, in contrast to the first half of the year. Trust Fintech recently listed on NSE Emerge.

Zappfresh DRHP: Revenue Surges 60% To INR 90 Cr In FY24, Profit Jumps 70%

Inc42 · 11m ago

Zappfresh DRHP: Revenue Surges 60% To INR 90 Cr In FY24, Profit Jumps 70%

Zappfresh, a D2C meat delivery startup, saw its net profit increase by 70% to INR 4.7 Cr in FY24 compared to INR 2.7 Cr in the previous fiscal year. Delhi contributed the most to the company's revenue, accounting for 35.7%, followed by Haryana with a 27.96% share. Zappfresh's IPO consists of a fresh issue of 59.06 Lakh equity shares without any offer for sale component.

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Inc42 · 1y ago

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.

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