The edtech business Adda247 just raised $35 million from WestBridge and saw a 68% increase in scale in FY22. Similar to other growth stage startups, the company was able to boost its topline significantly despite rising costs.
The parent company of the short video entertainment app Josh and the vernacular news aggregator Dailyhunt, VerSe Innovation, continues to suffer severe financial losses, as its losses more than tripled and exceeded Rs 2,500 crore in FY22.
Strong unit economics helped the Delhi-based, bootstrapped SaaS company Wingify maintain its momentum in FY22 as revenue approached the Rs 200 crore threshold.
Gurugram-based Cityfurnish, an online platform for renting furniture, has raised $2.5 million in debt and equity investment, bringing its total funding to $10 million.
Lentra, a fintech SaaS company with headquarters in Pune, has raised $60 million in a Series B round headed by its current backers, Bessemer Venture Partners and Susquehanna International Group (SIG) Venture Capital.