Latest Startup l Technology News | Entrackr
WEB1 day ago · Entrackr is an independent voice on Indian Internet economy. We offer latest technology news as well as business news. Apart from news, we provide actionable insight to entrepreneurs across sectors including e-commerce, content, fintech among others.
Exclusive: Event trading startup Probo set to raise $25 Mn
WEBFebruary 21, 2022. Exclusive. Event trading startup Probo is all set to raise $25 million in a Series A round from new and existing investors, according to three people aware of the development. This would be the second funding round for the company in the past year. It had raised $2.5 million from Sequoia and Elevation Capital in March 2021.
boAt revenue crosses Rs 1,500 Cr in FY21; spent only Rs 14
WEBJan 12, 2022 · On a unit level, boAt spent Rs 0.94 to earn a single rupee of revenue during FY21. Profitable since inception, the wearable brand’s annual profits surged nearly 61% to Rs 78.6 crore during FY21 from Rs 48.8 crore during FY20. However, its EBITDA margins actually dropped by 237 BPS to 8.34% during FY21 from the margin of 10.71% in FY20.
Edtech company iNurture raises $10 Mn; turns profitable in FY20
WEBMar 18, 2021 · Edtech company iNurture, which provides higher education programmes in India, has raised Rs 71.5 crore or close to $10 million in what appears to be bridge financing from Kimera Ltd, a Dubai-based family office. iNurture has allotted 71,49,821 Series C CCDs of Rs 10 each to Kimera to raise the sum, regulatory filings show.
Weekly Funding Report Archives - Entrackr
WEBFunding and acquisitions in Indian startup this week [12 – 17 Aug] Shashank Pathak & Md Salman Ashrafi. August 17, 2024. Report, Weekly Funding Report.
Unacademy’s revenue and losses surge over 6X in FY21 - Entrackr
WEBNov 22, 2021 · Its total annual expenses ballooned 4.5X to Rs 2,030 crore in FY21 from Rs 452 crore spent in FY20. On a unit level, Unacademy spent Rs 5.1 to earn a single rupee of revenue during FY21. As a result, the EBITDA margin for the growth stage company stood at -320.3% while annual losses have ballooned nearly 6X to Rs 1,537.5 crore during FY21.
Exclusive: InMobi set to acquire social commerce firm Shop101
WEBJune 1, 2021. Exclusive. Mobile ad services platform InMobi is in advanced stage talks to acquire social commerce firm Shop101, according to three Entrackr sources. The Bengaluru-based company has been eyeing to build a commerce layer for its products Glance and Roposo. It was in the market to acquire companies in the e …
Unpacking BharatPe’s latest round and ownership structure
WEBAug 26, 2021 · According to Fintrackr’s estimates, BharatPe has raised the fresh round at a post-money valuation of $2.9 billion. Current shareholding structure of BharatPe. Following the allotment of fresh shares, Sequoia has emerged as the largest stakeholder in BharatPe with 18.58% stake followed by Coatue, Ribbit, Grace Software Holding and Beenext ...
Insurtech startup GramCover raises $7 Mn in Series A - Entrackr
WEBOctober 4, 2021. Snippets. GramCover, a rural insurtech startup, has raised $7 million in its Series A round co-led by Siana Capital and Inflexor Ventures. Stride Ventures along with existing backers Omidyar Network India, Flourish Ventures and Emphasis Ventures (EMVC) have also joined the new round. According to the Noida-based startup, the ...
Infibeam Avenues acquires majority stake in Rediff.com - Entrackr
WEBAugust 2, 2024. Snippets. Fintech company Infibeam Avenues has acquired 54% stake in Rediff.com India Ltd. This internally funded acquisition will align Infibeam Avenues to the beginning of its consumer facing digital financial service as an aggregator backed by a mainstream news, cloud based enterprise email storage, and collaboration platform.