🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Indian Ecommerce Unicorns Spent $7.9 Bn To Earn $7 Bn In FY23
Inc42
·
11m ago
Medial
Indian ecommerce unicorns saw a significant increase in employee costs, spending over $1 billion in FY23, a 30% compound annual growth rate (CAGR) compared to FY20. The ecommerce sector in India has been thriving, with the unicorns generating over $7 billion in aggregate revenue during the financial year 2022-23. It is projected that the ecommerce sector, currently valued at $123 billion, will continue to grow at a CAGR of 19% and become a $400 billion opportunity by 2030. Investors have shown great interest in this sector, with over $34 billion raised by ecommerce startups between 2014 and H1 2024 via 1,833 deals.
View Source
8
Related News
Amazon India Marketplace’s loss widens 33% to INR 4,854 Cr in FY23
Inc42
·
1y ago
Medial
Amazon Seller Services, the marketplace business of Amazon India, reported a 33% increase in standalone net loss for FY23, widening to INR 4,854.1 Crore from INR 3,649.2 Crore in the previous year. Operating revenue, however, only saw a marginal growth of 3.4% to INR 22,198 Crore. The company's total expenses increased by 7.9% to INR 27,283.6 Crore, with delivery charges comprising over 25% of the expenses. The marketplace faces competition from Flipkart, Tata, Reliance, Meesho, and Nykaa in the Indian ecommerce market.
View Source
Just $7 Bn In Funding Since 2014: India’s Healthtech Sector Ready For A Reboot
Inc42
·
10m ago
Medial
According to Inc42's report, Indian healthtech startups raised over $7 billion in funding between 2014 and H1 2024, through 886 deals. The cumulative funding raised by Indian startups during this period exceeded $150 billion. Ecommerce was the most funded sector with $34 billion, followed by fintech with $29 billion. Investors anticipate a surge in healthtech funding in the future as they focus on innovative solutions for healthcare challenges in India.
View Source
BankBazaar nears Rs 160 Cr revenue in FY23, controls losses
Entrackr
·
1y ago
Medial
Indian fintech marketplace BankBazaar is projecting a breakeven in the current fiscal year (FY24) with revenue of INR 250 crore. During FY23, the company generated INR 160 crore in income while narrowing its losses by 15%. Revenue from operations increased by 65.6% to INR 159 crore during FY23. BankBazaar offers co-branded credit cards, credit score checks, and cross-sells third-party loans and insurance products, with commission from banks being the main source of revenue. The firm spent INR 1.24 to earn a unit of operating revenue during the fiscal year.
View Source
DailyHunt parent VerSe innovation spent INR 2.5 to earn every rupee In FY23
Inc42
·
1y ago
Medial
VerSe Innovation, the parent company of DailyHunt and Josh, reported a net loss of INR 1,909.7 Cr in FY23, a 25% reduction from the previous fiscal year. The company's operating revenue soared 51% to INR 1,456.5 Cr in FY23. Total expenditure marginally increased to INR 3,716 Cr in FY23. Cost of services accounted for 71% of the total expenditure, while employee benefit expenses rose by 11% to INR 811.4 Cr. VerSe Innovation spent INR 2.55 to earn every rupee from operations in FY23.
View Source
Female unicorn founders earn 8X less than male counterparts: Report
YourStory
·
1y ago
Medial
According to a report by PrivateCircle Research, there is a significant gender pay gap among unicorn startup founders in India. On average, female founders earn around Rs 1.1 crore, while male founders take home about Rs 8.5 crore. This pay disparity reflects the lack of women in leadership positions in unicorn companies, with 57 Indian unicorns having no women on their boards. However, the overall median salary for unicorn founders has been increasing, reaching Rs 1.5 crore in FY23 compared to Rs 1.2 crore in FY22.
View Source
What’s next for India’s unicorn club in 2024?
Inc42
·
1y ago
Medial
The Indian startup ecosystem experienced a slowdown in creating new unicorns in 2023, with only two emerging, marking the lowest number since 2017. However, as investors regain confidence in 2024, at least a dozen startups are expected to join the unicorn club. The fintech sector is likely to produce the most new unicorns, followed by ecommerce and enterprise tech. Startups are also considering going public to secure funds, with 14 tech startups expected to list in 2024. Additionally, the trend of reverse flipping, or redomiciling Indian startups back to India, is becoming prominent.
View Source
Niro disbursed loan worth Rs 500 Cr in 20 months of operations
Entrackr
·
1y ago
Medial
Fintech startup Niro secured $11 million in April to expand its platform, which enables e-commerce platforms to offer credit to consumers. Niro acts as a B2B2C intermediary, partnering with financial institutions to provide loans ranging from Rs 50,000 to Rs 7 lakh. CEO Aditya Kumar highlighted their risk assessment process, emphasizing credit history and anonymized data from consumer internet platforms. Niro has disbursed Rs 500 crore worth of loans in 20 months, serving 35,000 customers with an NPA under 1.2%. Despite a loss of Rs 7.9 crore in FY22, the company claims to have achieved an annualized revenue rate of $6 million in FY23.
View Source
India Eyeing $200 Bn In Ecommerce Exports By 2030: Govt
Inc42
·
10m ago
Medial
Commerce Secretary, B.V.R. Subrahmanyam Barthwal, has stated that the Indian government aims to contribute 10% to global ecommerce exports within the next five years. To support this goal, the government is developing ecommerce export hubs to connect small and medium enterprises with global markets. This announcement follows the recent extension of export-related benefits to shipments made through courier mode by the Central Board of Indirect Taxes and Customs.
View Source
Indian Soonicorns Have Created 1.26 Lakh Jobs To Date
Inc42
·
1y ago
Medial
According to a recent report by Inc42, Indian soonicorns (startups valued at over $1 billion but not yet IPOed) based in Bengaluru, Mumbai, and Delhi NCR have created nearly 90% of employment opportunities. These soonicorns, which have raised more than $15 billion and have a cumulative valuation of over $40 billion, have created more than 126,000 jobs to date. Fintech soonicorns have emerged as the biggest employment providers, followed by ecommerce and enterprise tech sectors. Despite the challenges faced by Indian startups over the past two years, the number of unicorns in India is expected to rise to over 280 by 2030, led by fintech, ecommerce, and enterprise tech soonicorns.
View Source
Inside India’s Soonicorn Club: The Sectors, Hubs That Will Mint India’s Next $1 Bn+ Ventures
Inc42
·
1y ago
Medial
A recent report by Inc42 titled "Unicorns of Tomorrow - Decoding India's Soonocorn Landscape Report, 2024" reveals that there are 112 Indian startups on track to become unicorns, with valuations ranging from $200 million to under $1 billion. These soonicorns have a combined valuation of over $40 billion and have raised more than $15 billion since 2014. Interestingly, only 8% of them are profitable, with fintech being the sector fostering the most number of soonicorns at 36, followed by e-commerce with 19 startups. Peak XV, Tiger Global, and Accel are among the investors with the most soonicorns in their portfolios.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
