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Android laptop brand Primebook raises $2 Mn in pre-Series A

EntrackrEntrackr · 4m ago
Android laptop brand Primebook raises $2 Mn in pre-Series A
Medial

Android laptop brand Primebook raises $2 Mn in pre-Series A In December 2022, the company had raised $1 million in its seed round co-led by Kundan Group, Brindavan Group, and Infotel Business Solution. The brand has also appeared on Shark Tank India Season 2, where they secured Rs 75 lacs from Aman Gupta and Peyush Bansal. The fresh funds will be used for R&D and product innovation, brand development & awareness, and business growth, Primebook said in a press release. Co-founded in 2018 by Aman Verma and Chitranshu Mahant, Primebook aims to democratize computing for students and digital-first learners. The brand combines hardware innovation with software intelligence to deliver smart, affordable, and student-centric laptops powered by its proprietary Android-based operating system, PrimeOS. The Delhi-based company says that its PrimeOS has been specifically created for learners and students for blended online education programs, making it simpler for students to use and comprehend. The laptop features Android app compatibility, enables simultaneous switching between apps, and is highly simple and effective to use for someone familiar with Android. According to Primebook, it primarily focuses on students, particularly in tier II, III, and IV cities, who may not have access to traditional laptops. Over two years, the brand claims that it has carved out a 5% market share in the under Rs 20,000 laptop segment, showing a YoY growth of 2x.

Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat

EntrackrEntrackr · 25d ago
Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat
Medial

Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat Ather Energy reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm also narrowed losses by 3%. Electric two-wheeler maker Ather Energy has announced its financial results for the first quarter of the ongoing financial year FY26. The company reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm narrowed losses by 3%. Ather’s revenue from operations increased by 79% to Rs 645 crore in Q1 FY26, from Rs 360 crore in Q1 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). The Tarun Mehta-led company did not provide a revenue breakdown during the last quarter. Ather’s cost of materials, primarily driven by battery and component procurement, made up the largest share of its expenditure. This cost increased by nearly 74% to Rs 518 crore in Q1 FY26 from Rs 297 crore in the same period last year, accounting for over 61% of the total expenses during the quarter. Employee benefit expenses saw a surge of 37% YoY to Rs 119 crore in Q1 FY26 compared to Rs 87 crore in Q1 FY25. Depreciation and amortization costs rose 20% to Rs 48 crore, while other operational costs jumped nearly 31% to Rs 166 crore. Overall, Ather’s total expenditure grew 54% to Rs 851 crore in Q1 FY26, up from Rs 551 crore in Q1 FY25. As a result, the company’s net losses reduced by 3% to Rs 178 crore in Q1 FY26 from Rs 183 crore in Q1 FY25. In July 2025, Ather Energy maintained its fourth-place market position, selling 16,231 units. This represents a 10.59% month-on-month increase from the 14,677 units sold in June, bringing their market share to 15.78%. Ather Energy made its stock market debut on May 6, 2025, listing at Rs 328 per share on the NSE. However, the stock is currently trading at Rs 375, bringing its total market capitalization to Rs 13,723 crore ($1.5 billion). Ather competitor Ola Electric’s topline shrank by nearly 50% year-on-year during the first quarter of FY26. At the same time, the Bengaluru-based firm’s losses widened by 23%.

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