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šš¼š š±š¶š± š©š²š²šÆš® š®š°š¾šš¶šæš² šš¼šŗš¶š»š¼āš, šššæš“š²šæ šš¶š»š“, š®š»š± š£š©š„ š®š ššµš²š¶šæ š°š¹š¶š²š»šš? Founded in 2013 by Viraj Bahl, who previously established Fun Foods (later acquired by Dr. Oetker). Initially faced slow growth; a significant breakthrough came in June 2014 when Dominoās Pizza India placed a large order. Specializes in sauces, dressings, dips, and condiments, focusing on healthier, preservative-free, and low-fat/sugar products. Serves major B2B clients like Dominoās, Burger King, and PVR, with a retail presence in over 700 cities and approximately 150,000 outlets. Financial Performance: FY22 revenue: ā¹542 crore. FY23 revenue: ā¹811 crore. Projected FY24 revenue: expected to surpass ā¹1,000 crore. Reported a minor loss of ā¹80 lakh in FY23, maintaining an EBITDA range of +0.5% to -0.5% as a strategic choice to reinvest in growth. ā Expanded its brand portfolio with: Earthmade (organic beverages) Bene Tibi (bar syrups) Provee (child nutrition) Plans to launch one new brand annually, aiming to be active in seven categories by 2028.ā Adopts a customer-centric approach, emphasizing product innovation and clean-label ingredients to cater to health-conscious consumers in both metropolitan and smaller towns.ā Marketing initiatives include sponsorships like MasterChef India and campaigns during the 2023 Cricket World Cup, utilizing a mix of traditional, digital, and influencer-led promotions.ā Approximately 70% of retail sales are derived from general trade, with a robust distribution network covering both urban centers and smaller towns like Vellore and Bhatinda.ā Operates two manufacturing units in Rajasthan and is investing ā¹100ā150 crore to establish a new plant in South India to enhance production capacity. ā Follow vishakha Jangir for more such business insights.
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Zomatoās Gold Rush Revenue in FY 2013: Zomato: 11Cr Dominosā India: 1,407 Cr Revenue in FY23: Zomato: 7,079 Cr (700x) Dominoās India: 5,200Cr (3.5x) Dominoās India took a whopping 27 years to reach 0.75 of Zomatoās Revenue. Is Zomato selling
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The Year of Indian Startups' IPOs Series : 1. Groww -> ⢠Groww is planning an IPO to raise approximately ā¹6,000 crore, aiming for a valuation between $6 billion and $8 billion. ⢠In FY24, Groww reported ā¹3,145 crore in revenue from operations, do
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šš¼š®š š°š¼šŗš½š®š»š š³š¶š»š®š»š°š¶š®š¹ š®š»š®š¹ššš¶š: šFinancial Performance Overview. : Revenue: ā¹3,122 crore in FY24, a 5% decline from ā¹3,285 crore in FY23. Net Loss: Reduced by 47% to ā¹53.5 crore in FY24 from ā¹101 crore in FY23. EBIT
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Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr
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Lenskart is preparing for an IPO at a valuation of $10 billion šµ( ā¹86,780 crore). ā”ļø The company intends to file its Draft Red Herring Prospectus (DRHP) by May 2025, with the goal of listing on Indian stock exchanges before the end of the year. Th
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š¤ÆFounders with Highest salary in India. --āSupam Maheshwari (FirstCry) received an annual salary of ā¹103.8 crore in FY24. This marks a significant decrease from his ā¹200.7 crore salary in FY23. --āNithin Kamath (Zerodha) Co-founder of the broker
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Slice CEO Rajan Bajaj received just Rs 12 in salary as losses grew nearly 60% in FY23: Report ⢠Rajan Bajaj, the founder and CEO of fintech unicorn Slice, received a salary of just Rs 12 in FY23. ⢠In contrast, FirstCry CEO Supam Maheshwari receive
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SolarSquareās Losses Surge Despite Revenue Growth in FY24 Rooftop solar provider SolarSquare saw a 63.5% YoY revenue growth in FY24, reaching ā¹175 crore. However, its losses jumped 2.3X to ā¹69 crore due to rising costs. Revenue from operations grew
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"Ofbusiness" the company whose revenue is approx 2.5x the revenue of Zerodha, 2x the revenue of zomato and 5x the revenue of lenskart is the Amazon for Raw material procurement with a revenue of Rs 15,432 crore and a profit of Rs 463 crore in FY23. A
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