Minimalist is one of the outliers in the Indian direct-to-consumer space as the company demonstrated remarkable financial performance in the last two fiscal years. Its revenue blew 8X to Rs 184 crore in FY23 from Rs 22 crore in FY21 and the Jaipur-based company remained profitable since FY21. Minimalist’s revenue from operations spiked 70.3% to … The post Skin care brand Minimalist revenue balloons 8X with profit in last two fiscals appeared first on Entrackr ..read more

Agritech startup Arya.ag raised $60 million just before the commencement of FY23 and the firepower allowed the company to achieve 50% growth in scale. The firm also turned profitable during the last fiscal year. Arya.ag revenue from operations surged 50% to Rs 290 crore in FY23 from Rs 194 crore in FY22, its consolidated annual … The post Arya.ag near Rs 300 Cr revenue in FY23; turns profitable appeared first on Entrackr ..read more

Homemade snacks startup PatilKaki has raised a fresh round led by angel investing network Cap70 Angels along with participation from serial entrepreneurs Agnelorajesh Athaide and Kailash Biyani. The proceeds will be used towards ramping up operations, marketing optimization, sales and distribution expansion among others. Founded by Vinit Patil and Darshil Savla, PatilKaki offers homemade snacks … The post PatilKaki raises funds led by Cap70 Angels appeared first on Entrackr ..read more

Phygital twin deeptech startup Twyn has raised $1.25 million in a pre-series A round led by JITO Incubation and Innovation Foundation (JIIF) and ah! Ventures. Other marquee investors include HEM Angels, Bestvantage and Beej Network.  According to Twyn, the funds will be used to expand across auto, petrochemicals and steel hubs in the Middle East … The post Twyn raises $1.25 Mn led by JIIF, ah! Ventures, HEM Angels appeared first on Entrackr ..read more

Peak XV Partners’ Surge recently launched its ninth cohort focused on early-stage startups featuring 32 founders across 13 startups. Notably, 10 out of the 13 startups are focused on AI and deeptech with companies in advanced manufacturing, quantum computing, climate tech, and health tech among others. Among the 13 startups, seven are based in India, … The post Decoding the 9th cohort of Peak XV’s Surge appeared first on Entrackr ..read more

Onedios, an aggregator platform for customer care service, has secured Rs 6 crore in a bridge round co-led by Inflection Point Ventures and VCATs. The funds will be utilised towards onboarding retailers, technology, operations, marketing and sales, Onedios stated in a press release. Co-founded in 2019 by Nitin Chawla and Amit Sharma, Onedios is an … The post Onedios raises bridge round co-led by IPV and VCATs appeared first on Entrackr ..read more

Game streaming platform Loco has laid off around 36% of its 110 workforce, impacting 40 employees. The company announced the layoffs during a town hall meeting with employees on Wednesday, according to an ET report. Loco founders Anirudh Pandita and Ashwin Suresh told employees that the layoffs are part of the firm’s restructuring strategy, as … The post Game streaming platform Loco lays off 40 employees appeared first on Entrackr ..read more

Game streaming platform Loco has laid off around 36% of its 110 workforce, impacting 40 employees. The company announced the layoffs during a town hall meeting with employees on Wednesday, according to an ET report. Loco founders Anirudh Pandita and Ashwin Suresh told employees that the layoffs are part of the firm’s restructuring strategy, as … The post Game streaming platform Loco layoffs 40 employees appeared first on Entrackr ..read more

Fintech company BharatPe is launching a new vertical for lending, according to sources aware of the development. The firm is separating its LSP (lending service provider) business from the main entity to a new 100% owned subsidiary. “The brand name will be BharatPe Money which will be a complete lending division for merchants as well … The post Exclusive: BharatPe to launch new entity BharatPe Money for lending vertical appeared first on Entrackr ..read more

Edtech unicorn upGrad registered notable growth in scale as its revenue spiked 96% during the fiscal year ending March 2023, according to the official statement by the company. The sound cost mechanism helped upGrad to keep its bottom line flat in the last fiscal year. Ronnie Screwvala’s upGrad which provides higher education, learning, skilling, and … The post upGrad’s revenue spikes 2X to Rs 1,194 Cr in FY23 with flat losses appeared first on Entrackr ..read more