The number of Indians using online platforms to get car maintenance and repairs increased, which led to a rise in revenue for the businesses offering these services. For instance, the multi-brand vehicle workshop and spare parts platform GoMechanic had a 2.7x increase in income in FY22 compared to the prior fiscal year, coming close to […]
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. According to the company’s annual financial records filed with the Registrar of Companies, Adda247’s revenue from operations increased […]
Strong unit economics helped the Delhi-based, bootstrapped SaaS company Wingify maintain its momentum in FY22 as revenue approached the Rs 200 crore threshold. According to annual financial documents submitted to the Registrar of Companies, Wingify’s operational revenue in FY22 was Rs 191 crore, up from Rs 155 crore in the prior financial year (RoC). The […]
If we look at the business-to-business (B2B) agritech company Ninjacart’s financial success during the last several fiscal years, it has become the market leader in the sector. The Bengaluru-based company expanded by 28% in FY22 while bringing its losses under control. The company’s annual financial statement filed with the Registrar of Companies (RoC) reveals that […]