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boAt crosses 50 million ‘Made in India’ products mark

YourStoryYourStory · 1y ago
boAt crosses 50 million ‘Made in India’ products mark
Medial

Indian headphone and earphone manufacturer, boAt, has surpassed the milestone of producing 50 million 'Made in India' products. The company currently manufactures 70-75% of its audio and wearable devices domestically through its JV with Dixon Technologies. By localizing its manufacturing, boAt has been able to scale up production, reduce lead times, optimize the supply chain, and enhance product quality while reducing import dependency. The parent company, Imagine Marketing Limited, is also investing in R&D and establishing partnerships with global technology leaders to tailor products to the unique needs of the Indian market. Despite incurring losses in FY23, boAt has been profitable since its inception.

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Yesmadam Secures Rs 1.5 Crore Funding From Shark Tank India, Focuses On Fuelling Expansion And Growth

OutlookIndiaOutlookIndia · 2y ago
Yesmadam Secures Rs 1.5 Crore Funding From Shark Tank India, Focuses On Fuelling Expansion And Growth
Medial

Yesmadam, a salon-at-home brand, has secured Rs 1.5 crore funding from investors on Shark Tank India to fuel its expansion and growth plans. The investment, made by panelists including executives from boAt, Sugar Cosmetics, Lenskart, and OYO, will help Yesmadam enhance operational capabilities, penetrate deeper into the Indian market, and empower more service professionals from marginalized communities. The brand aims to leverage technology like AI to personalize interactions and optimize product recommendations. Yesmadam has served over 50 cities, facilitating over 2 million bookings, and is committed to democratizing premium salon experiences while empowering beauty professionals.

Exclusive: Smallcase crosses Rs 100 Cr revenue mark in FY25

EntrackrEntrackr · 7m ago
Exclusive: Smallcase crosses Rs 100 Cr revenue mark in FY25
Medial

Smallcase runs a platform that helps brokers execute transactions in exchange-traded products. Its main source of revenue is the transaction fees charged to these brokers. Wealthtech platform Smallcase recorded over 50% year-on-year growth in the fiscal year ended March 2025, with improved unit economics, according to the data shared by the sources. Smallcase’s revenue from operations grew to Rs 106 crore in FY25 from Rs 67.4 crore in FY24, as per the documents. The platform has facilitated transactions worth Rs 1.2 lakh crore and serves a user base of over 10 million investors. Despite over 50% growth in FY25, Smallcase managed to keep a good check on its overall cost, which resulted in a reduction of its EBITDA losses to Rs 9 crore in FY25. However, the Bengaluru-based company posted a net loss of Rs 34 crore in the last fiscal year (FY25). Smallcase has secured around $120 million to date, including its $50 million Series D in March this year, which was led by Elev8 Ventures, with participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and others. Prior to this, it closed a $40 million round in 2022. According to the startup data intelligence platform TheKredible, Smallcase is currently valued at $285-290 million. Peak XV holds the largest external stake at 16.2%, followed by Fearing Capital and Blume Ventures with 9.67% and 7.67%, respectively. Smallcase faces competition from platforms like INDmoney, which reported Rs 70 crore in revenue for FY24, and Wint Wealth, which posted Rs 21 crore during the same period. Other rivals include Scripbox, Dezerv, and several emerging wealthtech players.

Nuuk raises $5 Mn in Series A round led by Vertex Ventures

EntrackrEntrackr · 11m ago
Nuuk raises $5 Mn in Series A round led by Vertex Ventures
Medial

D2C home appliances brand Nuuk has raised $5 million (Rs 40 crore) in a Series A funding round led by Vertex Ventures SEAI. The round also saw participation from existing investor Good Capital and angel investors such as Rohit Kapoor (Swiggy), Vivek Gambhir (Boat and Godrej Consumer), Richard Rekhy (KPMG India), Suhail Sameer (BharatPe), Taru Kapoor (Tinder India & South Asia), and Deep Bajaj (Sirona Hygiene). The proceeds will be used to deepen its product portfolio across the home environment, vacuum cleaners, and meal preparation, while also expanding into smart IoT devices and other high-performance home solutions. Founded by Gazal Kalra (co-founder Rivigo) and Shalabh Gupta (Noise), Nuuk provides products in four categories: fans, vacuum cleaners, garment care, and juicers and blenders. Currently, Nuuk manufactures only 20% of its products in India, while the remaining 80% are imported from China. However, co-founder Shalabh Gupta stated that the startup aims to produce over 50% of its products in India by the end of the financial year 2025-26 (FY26). Besides its own website, Nuuk also sells its products via e-commerce marketplaces. Nuuk competes against the likes of Philips, Bajaj, Atomberg, LifeLong Group, among others.

Bombay Shaving Company crosses Rs 200 Cr revenue in FY24; cuts losses by 22%

EntrackrEntrackr · 1y ago
Bombay Shaving Company crosses Rs 200 Cr revenue in FY24; cuts losses by 22%
Medial

Bombay Shaving Company, a grooming and personal care brand, narrowed down its losses to Rs 62.15 crore in FY24, making a notable improvement from Rs 80.25 crore in FY23. Meanwhile, its operating scale also crossed the Rs 200 crore revenue mark in the last fiscal year. Bombay Shaving Company’s revenue from operations surged 27.38% to Rs 225.85 crore in FY24 from Rs 177.30 crore in FY23, its consolidated financial report sourced from the Registrar of Companies (RoC) shows. Bombay Shaving Company is a D2C grooming and personal care startup with a portfolio of a wide range of products including shaving cream, haircare, skincare, and beard care products. The sale of these products was the sole source of revenue for the company in the last fiscal year. The company made an additional Rs 7.6 crore from interest income which pushed its total revenue to Rs 233.4 crore in FY24. For the men's grooming brand, the cost of material was the largest component of BSC’s expenses, increasing by 34.39% to Rs 118.76 crore in FY24. The advertising and employee benefits costs rose marginally to Rs 85.90 crore and Rs 36.79 crore, respectively. Its delivery and handling charges declined by 9.41% to Rs 18.78 crore, respectively, while other expenses remained stable at Rs 35.34 crore. Overall, total expenses for Bombay Shaving Company increased to Rs 295.57 crore in FY24 from Rs 262 crore in FY23. The Gurugram-based Company managed to reduce its net loss by 22% to Rs 62.2 crore in FY24. Its ROCE and EBITDA margin stood at -74.66% and -22.90%, respectively. On a unit basis, the company spent Rs 1.31 to earn a rupee in FY24. The firm reported Rs 203 crore of current assets in FY24 including Rs 72.5 crore of cash and bank balance. According to TheKredible, Bombay Shaving Company has raised a total of $51.5 million in funding to date. Its lead investors include Sixth Sense Ventures, Colgate-Palmolive, Malabar Investments, Reckitt, and Patni & Family. Bombay Shaving Company competes with Ustraa, Beardo, and The Man Company in the grooming segment. Ustraa reported a 2.94% revenue decline to Rs 94.02 crore and a loss of Rs 50 crore in FY24. Meanwhile, Beardo’s revenue from operations rose to Rs 173.2 crore, and The Man Company saw a 58% increase in revenue, reaching Rs 182 crore.

Black Tech Nation Ventures's diversity thesis undeterred by growing DEI backlash

TechCrunchTechCrunch · 1y ago
Black Tech Nation Ventures's diversity thesis undeterred by growing DEI backlash
Medial

Black Tech Nation Ventures (BTNV) has raised $50 million for its debut fund, aimed at funding pre-seed and seed-stage software startups led by underrepresented groups, including Black, female, and LGBTQ+ founders. Backed by investors like Alphabet and Mark Cuban, the Pittsburgh-based venture firm initially closed $25 million in funding in 2021. However, market conditions and a decline in diversity investing made the second half of fundraising difficult. Despite the pushback against diversity initiatives, BTNV remains committed to its mission and aims to provide top-tier returns while supporting underrepresented founders. The firm has made 10 investments so far and focuses on enterprise software solutions in various sectors.

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