News on Medial
Related News
B2B commerce enabler Beyobo raises Rs 5.5Cr in Pre-Series A Round led by Inflection Point Ventures
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
IndianStartupNews · 2y ago
Medial
Beyobo, a B2B commerce enabler, secures pre-Series A funding of Rs. 5.5 cr from IPV and other investors. The Indian startup aims to empower businesses by providing innovative solutions for streamlined commerce processes. The funding injection is expected to fuel Beyobo's growth and expansion in the B2B market, fostering more efficient trade interactions for companies across various industries.
VC-backed Astrotalk doubles FY24 revenue, eyes repeat performance
VCCircle · 10m ago
Medial
Astrotalk, a Delhi-based startup, plans to double its revenue in the current financial year ending March 2025. The company, which is backed by venture capital firm Left Lane Capital and domestic growth-stage investor Elev8 Venture Partners, achieved a strong revenue growth in the previous fiscal year. With a focus on astrology services, Astrotalk aims to continue its growth trajectory and repeat its successful performance in the upcoming year.
Rare Rabbit’s FY24 Profit Doubles To INR 75 Cr
Inc42 · 9m ago
Medial
Radamani Textiles, the parent company of startup Rare Rabbit, reported a significant increase in profits in FY24. The company recorded a profit of INR 74.5 Cr, a growth of 131% compared to FY23. The total revenue also saw an increase, reaching INR 641.8 Cr, a 1.5X rise from the previous fiscal year. However, total expenditure also increased by 60% to INR 542 Cr.
Yatra profit spikes 2.7X in Q4 FY25; revenue doubles
Entrackr · 2m ago
Medial
Yatra's profit surged 2.7 times in Q4 FY25, with revenue doubling year-on-year. Revenue from operations increased to Rs 219 crore in Q4 FY25 from Rs 108 crore in Q4 FY24. For FY25, operating revenue rose 87% to Rs 791 crore from Rs 422 crore in FY24. Total income for Q4 FY25 was Rs 228 crore, and FY25 total income stood at Rs 823 crore. Expenses totaled Rs 215 crore in Q4 FY25 and Rs 788 crore for FY25. The company's profit reached Rs 15 crore in Q4 FY25, up from Rs 5.5 crore in Q4 FY24. For FY25, Yatra reported a profit of Rs 36.5 crore against a loss of Rs 4.5 crore in FY24. Yatra's share price is Rs 98.23, with a market capitalization of Rs 1,541 crore.
With 5x growth in FY23 revenue, Matrix-backed FarMart eyes inorganic growth
Money Control · 1y ago
Medial
Agritech startup FarMart, backed by Matrix Partners India, achieved significant growth, with five-fold revenue increase in FY23 compared to FY22, reaching Rs 1,060 crore in revenue. The company shifted from unsuccessful models to a successful SaaS-led B2B food supply platform, catering to over 15 states and 2,700 buyers across multiple countries.
Tiger Global-backed Captain Fresh's FY24 topline doubles amid acquisition spree
VCCircle · 10m ago
Medial
Tiger Global-backed seafood provider Captain Fresh has experienced significant growth in its revenue for the financial year ending March 2024, with its topline doubling. The Bengaluru-based startup has been actively acquiring companies to expand its presence internationally. Captain Fresh recently secured $25 million in funding and aims to strengthen its position in the seafood market.
Bottomline: VC-backed Fasal doubles revenue in FY24, keeps loss in check
VCCircle · 10m ago
Medial
Agritech startup Fasal, backed by investors including Omnivore Venture Partners and 3one4 Capital, reported a significant increase in revenue for the financial year ending March 2024. Despite the growth, the Bengaluru-based company managed to control its losses. Fasal raised $12 million in funding earlier this year to support its agricultural monitoring and analytics platform.
Shiprocket-owned Pickrr’s FY23 loss doubles to INR 105 Cr, misses revenue target
Inc42 · 1y ago
Medial
Logistics startup Pickrr, owned by Shiprocket, saw its net loss more than double to INR 105 Crore in FY23, an increase of 105% from the previous year. The company's operating revenue rose over 50% to INR 306 Crore, but fell short of its revenue target of INR 998 Crore for the year. Pickrr offers plug-and-play logistics solutions for ecommerce marketplaces and D2C brands and provides services such as sales return management and B2B distribution. Shiprocket is aiming to go public in the next 12 to 24 months and has been undergoing restructuring to achieve profitability.
Perfios' net profit rises 9x; global revenue doubles
The Arc Web · 8m ago
Medial
Perfios Software Solutions, a credit underwriting and fraud analytics platform, recorded a consolidated revenue of Rs 557.78 crore ($66 million) in fiscal year 2024 (FY24), representing a 37% growth from the previous year. Its net profit also grew significantly to Rs 71.7 crore ($8.5 million) in FY24, marking a nine-fold increase. The company experienced significant growth in its international revenue, which doubled to Rs 52 crore ($6.2 million) in FY24. Perfios has been focusing on expanding globally, particularly in Southeast Asia. It also underwent a successful integration with Karza Technologies, a fraud analytics company it acquired in 2022. Perfios aims to become a global software-as-a-service company under the leadership of its CEO, Sabyasachi Goswami. The company's visibility and marketing efforts have increased as it aims to expand further.
BigBasket’s B2B Arm Trims Losses To INR 1,415 Cr In FY24
Inc42 · 10m ago
Medial
The B2B arm of Quick Commerce major BigBasket reported an operating revenue of INR 10,061 Cr in FY24, a 6% increase compared to the previous fiscal year. Expenses for the B2B arm rose by only 2% YoY, reaching INR 11,515 Cr. Employee-related costs decreased by more than 11%, going from INR 1,060 Cr in FY23 to INR 936.5 Cr in FY24.
Download the medial app to read full posts, comements and news.