As advertising expenditures and other costs skyrocketed, Bengaluru-based D2C food tech unicorn ‘Licious‘ consolidated net loss more than doubled to INR 855.7 Cr in the fiscal year 2021–2022 (FY22). In FY21, Licious recorded a net loss of INR 369.8 Cr, an increase of approximately 2X from the loss of INR 146 Cr in FY20. Although […]
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 […]
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. A subsidiary of the New York-based investment banker Citigroup, Citi Ventures, also took part in it. According to a company statement, the […]
Bold Finance, a fintech startup, raises $1.5 million in a seed round. With the help of existing investor Antler India, as well as several angel investors including Nitin Gupta of Uni Cards, Ishpreet Gandhi of Stride Ventures, Shashikant Dola of McKinsey & Company, Tushar Mehndiratta of Avail Finance, Vadiraj Kulkarni of ITC PSPD, and others, […]
Alpha Wave and Aspada’s Lightrock have invested $15 million in healthcare startup “Even” as part of a new investment round. Even stated that it has raised $20 million overall, not counting the current fundraising. It is a Bangalore-based full-stack healthcare firm that was founded in 2020 by Matilde,Giglio a former angel investor, Mayank Banerjee, a […]
The Australian fintech Zip-backed buy now pay later (BNPL) firm ZestMoney witnessed its loss triple year over year (YoY) to INR 398.8 Cr in the fiscal year that ended on March 31, 2022, as a result of a significant increase in its costs. Lizzie Chapman, Priya Sharma, and Ashish Anantharaman founded the Bangalore-based ZestMoney in […]
Another fledgling company is struggling to gain traction. Lido Learning, an edtech startup that once thought about merging, has filed for bankruptcy because it doesn’t have enough money to pay its teachers and former employees. Sahil Sheth is the Founder and Chief Executive Officer of Lido. Lido Learning, founded in 2019, provides live online tuition classes […]
On September 7th, retail tech startup Daalchini raised $4 million in a Series A funding round led by Unicorn India Ventures. Artha Venture Fund, former CEO of Domino’s India Ajay Kaul, and VSS Investco, an investment arm led by Vijay Shekhar Sharma, CEO of fintech unicorn Paytm, were among the existing investors who took part in […]
As part of its Series D fundraising round, the beauty and cosmetics company SUGAR Cosmetics has attracted Bollywood actor Ranveer Singh as an investor. The amount of the funding was not made public by the company. $50 million was raised by SUGAR Cosmetics in May 2022 as part of its Series D round, which was […]
On Saturday, Nirmala Sitharaman, the Finance Minister of India, announced the “Millet Challenge” for startups. The competition will award three winners with a seed grant of Rs 1 crore each to create innovative solutions for and across the millets value chain. In addition, she declared that the University of Agricultural Sciences in Raichur would receive […]