Proptech firm Square Yards has crossed the 1,000 crore revenue mark during the fiscal year ending in March 2024, according to the company’s provisional financial statement reviewed by Entrackr. The Gurugram-based company saw around 50% growth in its total revenue in FY24 to Rs 1,000 crore from Rs 663 crore in FY23. The operating revenue … The post Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4 appeared first on Entrackr ..read more

Growth marketing firm Pravis, founded by former co-founders of Momspresso, has acquired a significant stake in adtech gaming platform StreamO. This venture is set to explore the substantial business potential of the rapidly growing gaming sector, particularly in the GenZ demographic. The new partnership with Pravis promises to strengthen StreamO’s leadership in connecting brands with … The post Pravis acquires stake in adtech gaming platform StreamO appeared first on Entrackr ..read more

B2B health tech platform CitiusTech has grown steadily over the past few fiscal years. The company recently claimed that it clocked $500 million revenue during FY24 which seems plausible considering its FY23 numbers.  CitiusTech’s revenue from operations grew 40% to Rs 3,499 crore in FY23 from Rs 2,499 in FY22, its consolidated financial statements filed … The post CitiusTech’s revenue crosses Rs 3,500 Cr in FY23; profit tanks 85% appeared first on Entrackr ..read more

D2C men’s lifestyle brand DaMENSCH has raised Rs 21.62 crore (approximately $2.5 million) in its extended Series B round from existing investors. The fresh investment, which came after a gap of two years, appears to be a bridge round for the Bengaluru-based company. The board at DaMENSCH has passed a special resolution to issue 1,017 … The post Exclusive: DaMENSCH raises fresh capital from existing investors at flat valuation appeared first on Entrackr ..read more

Eternal Capital, founded and managed by former BharatPe COO Dhruv Dhanraj Bahl, has launched its maiden VC fund with a target corpus of Rs 120 crore ($14.5 million). The fund also includes a greenshoe option of another Rs 120 crore, bringing its total capacity to Rs 240 crore ($29 million). Eternal Capital received SEBI’s approval … The post Dhruv Dhanraj Bahl-led Eternal Capital launches $14.5 Mn VC fund appeared first on Entrackr ..read more

Fresh From Farm, a B2B2C platform for fresh fruit demand, has raised $2 million in its pre-Series A round led by Ashish Kacholia, founder of Lucky Investments. Inflection Point Ventures also participates in the round. The proceeds will be used for team expansion, tech enhancement, and to introduce new product lines. Fresh From Farm has … The post Fresh From Farm raises $2 Mn in pre Series A round appeared first on Entrackr ..read more

Dexif, a fixed income products platform, has raised $4 million in its first institutional funding round from RTP Global. Previously, the Noida-based startup had raised about $1 million from RTP Global and angel investors in the past. According to an ET report, the proceeds will be used to scale up its technology platform, attract top … The post Fixed income startup Dexif raises $4 Mn appeared first on Entrackr ..read more

The year 2024 started on a good note for Indian startups: an average of $1 billion in monthly funding, which is a significant growth when compared to the previous year during which monthly funding went below $500 million three times. In April 2024, however, startups crossed the $1 billion threshold on the back of a … The post Layoffs, departures continue as Indian startups raise $1 Bn in April: Report appeared first on Entrackr ..read more

Freshworks founder Girish Mathrubootham has stepped down from the position of chief executive officer after 14 years. While Mathrubootham is transitioning into the role of executive chairman, company president Dennis Woodside has been elevated as the new CEO.  “As I pass the baton to Dennis and move into my new seat as Executive Chairman, I … The post Freshworks appoints Dennis Woodside as CEO, founder Girish Mathrubootham becomes exec chairman appeared first on Entrackr ..read more

The Reserve Bank of India (RBI) has clarified that default loss guarantee (DLG) is not permitted for loans arranged on NBFC-P2P platforms. This clarification follows the guidelines on DLG in digital lending issued in June 2023. The central bank had stated that a regular entity must ensure that the total DLG cover on any outstanding … The post RBI disallows default loss guarantee on loans via NBFC-P2P partnership appeared first on Entrackr ..read more