• Homexchange posts 22% revenue growth in FY24, trims losses

    Mumbai-based proptech firm Homexchange saw a 22% revenue growth in FY24, reaching Rs 2.65 crore from Rs 2.17 crore in FY23. Established in 2020 by Jesal Sanghvi and Shirish Godbole, Homexchange enables homeowners to upgrade properties by exchanging their current homes for new builds from partnered developers. Supported by a Rs 31.95 crore funding round led by Oberoi Realty in 2022, Homexchange is valued at Rs 40 crore, with Oberoi holding over 30% equity. Despite reducing expenses from over Rs 9 crore to Rs 8.47 crore, the company’s losses fell to Rs 5.81 crore in FY24. The EBITDA margin and ROCE remain in negative territory, but efficiency improvements have slightly narrowed the loss gap.

    #Homexchange #ProptechIndia #MumbaiRealEstate #PropertyExchange #TheKredible #RealEstateGrowth #StartupFunding #StartupIndia #IndianStartups #RealEstateStartup #News

    https://thekredible.com/blogs/homexchange-posts-22-revenue-growth-in-fy24-trims-losses
    Homexchange posts 22% revenue growth in FY24, trims losses Mumbai-based proptech firm Homexchange saw a 22% revenue growth in FY24, reaching Rs 2.65 crore from Rs 2.17 crore in FY23. Established in 2020 by Jesal Sanghvi and Shirish Godbole, Homexchange enables homeowners to upgrade properties by exchanging their current homes for new builds from partnered developers. Supported by a Rs 31.95 crore funding round led by Oberoi Realty in 2022, Homexchange is valued at Rs 40 crore, with Oberoi holding over 30% equity. Despite reducing expenses from over Rs 9 crore to Rs 8.47 crore, the company’s losses fell to Rs 5.81 crore in FY24. The EBITDA margin and ROCE remain in negative territory, but efficiency improvements have slightly narrowed the loss gap. #Homexchange #ProptechIndia #MumbaiRealEstate #PropertyExchange #TheKredible #RealEstateGrowth #StartupFunding #StartupIndia #IndianStartups #RealEstateStartup #News https://thekredible.com/blogs/homexchange-posts-22-revenue-growth-in-fy24-trims-losses
    THEKREDIBLE.COM
    Homexchange posts 22% revenue growth in FY24, trims losses
    Mumbai-based proptech, Homexchange achieved 22% growth in FY24 reaching Rs 2.65 crore from Rs 2.17 in FY23.
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  • IppoPay witnesses 6X rise in topline in FY23, profits surge

    Chennai-based fintech IppoPay experienced a remarkable 6X revenue growth, reaching ₹329.77 crore in FY23, up from ₹48.25 crore in FY22. Founded in 2022 by Mohan Karuppaiah and Jai Kumar, IppoPay operates as a payment aggregator, offering solutions like QR codes, sound boxes, and POS systems. The company has raised ₹17.33 crore in funding across three rounds, with its latest seed round in August 2024, and is valued at over ₹90 crore. While revenues soared, expenses also surged 16X to ₹157.38 crore, mainly due to commissions. Profits increased to ₹128.48 crore from ₹28.98 crore in FY22. Despite the growth, the EBITDA margin fell to 53.45%, while ROCE rose to 98.66%.

    #IppoPay #Fintech #RevenueGrowth #DigitalPayments #FintechIndia #FinancialTechnology #StartupJourney #ChennaiStartups #FinancialServices #BusinessSolutions #TechInnovation #PaymentSolutions #TheKredible #News #Startup #Insights

    https://thekredible.com/blogs/ippopay-witnesses-6x-rise-in-topline-in-fy23-profits-surge
    IppoPay witnesses 6X rise in topline in FY23, profits surge Chennai-based fintech IppoPay experienced a remarkable 6X revenue growth, reaching ₹329.77 crore in FY23, up from ₹48.25 crore in FY22. Founded in 2022 by Mohan Karuppaiah and Jai Kumar, IppoPay operates as a payment aggregator, offering solutions like QR codes, sound boxes, and POS systems. The company has raised ₹17.33 crore in funding across three rounds, with its latest seed round in August 2024, and is valued at over ₹90 crore. While revenues soared, expenses also surged 16X to ₹157.38 crore, mainly due to commissions. Profits increased to ₹128.48 crore from ₹28.98 crore in FY22. Despite the growth, the EBITDA margin fell to 53.45%, while ROCE rose to 98.66%. #IppoPay #Fintech #RevenueGrowth #DigitalPayments #FintechIndia #FinancialTechnology #StartupJourney #ChennaiStartups #FinancialServices #BusinessSolutions #TechInnovation #PaymentSolutions #TheKredible #News #Startup #Insights https://thekredible.com/blogs/ippopay-witnesses-6x-rise-in-topline-in-fy23-profits-surge
    THEKREDIBLE.COM
    IppoPay witnesses 6X rise in topline in FY23, profits surge
    Chennai-based fintech IppoPay posted a 6X increase in revenue reaching Rs 329.77 crore in FY23 from Rs 48.25 crore in FY22.
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  • AVIOM India Housing recorded 53% rise in top scale in FY23

    AVIOM India Housing, a Delhi-based fintech firm, saw a 53% revenue increase in FY23, reaching Rs 241.90 crore, driven mainly by interest income. Founded in 2016 by Kaajal Aijaz Ilmi, AVIOM provides housing loans to low-income households in semi-urban areas. Despite a 56% rise in expenses to Rs 219.91 crore, the company achieved a 32% profit growth, posting Rs 16.06 crore in profits. AVIOM has raised Rs 584.31 crore across 10 funding rounds, with significant shareholders including Gojo & Company Inc. and Capital 4 Development. Its strong financial performance is highlighted by a 59% EBITDA margin and over 11% ROCE, solidifying its market position.

    #thekredible #AVIOMIndiaHousing #Fintech #HousingFinance #DelhiBasedCompany #FinancialPerformance #HomeLoans #ProfitGrowth #GojoAndCompany #IndianFintech

    https://thekredible.com/blogs/aviom-india-housing-recorded-53-rise-in-top-scale-in-fy23
    AVIOM India Housing recorded 53% rise in top scale in FY23 AVIOM India Housing, a Delhi-based fintech firm, saw a 53% revenue increase in FY23, reaching Rs 241.90 crore, driven mainly by interest income. Founded in 2016 by Kaajal Aijaz Ilmi, AVIOM provides housing loans to low-income households in semi-urban areas. Despite a 56% rise in expenses to Rs 219.91 crore, the company achieved a 32% profit growth, posting Rs 16.06 crore in profits. AVIOM has raised Rs 584.31 crore across 10 funding rounds, with significant shareholders including Gojo & Company Inc. and Capital 4 Development. Its strong financial performance is highlighted by a 59% EBITDA margin and over 11% ROCE, solidifying its market position. #thekredible #AVIOMIndiaHousing #Fintech #HousingFinance #DelhiBasedCompany #FinancialPerformance #HomeLoans #ProfitGrowth #GojoAndCompany #IndianFintech https://thekredible.com/blogs/aviom-india-housing-recorded-53-rise-in-top-scale-in-fy23
    THEKREDIBLE.COM
    AVIOM India Housing recorded 53% rise in top scale in FY23
    Delhi-based fintech firm AVIOM India Housing’s top line recorded an impressive 53% increase to touch Rs 241.90 crore in FY23.
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  • Lahori posted 5X rise in revenue in FY23, profits surge

    Punjab-based company Lahori, founded in 2018 by Saurabh Munjal and Nikhil Doda, recorded a revenue of Rs 214.84 crore in FY23, a 5.7x increase from the previous year. Specializing in non-alcoholic beverages like Zeera, Nimboo, Kacha Aam, and Shikanji, Lahori saw 99.523% of its revenue from product sales. Despite a 6x rise in expenses to Rs 202.90 crore, the company achieved a profit of Rs 7.88 crore, a 2.8x increase. In 2022, Lahori raised over Rs 60 crore in Series A funding led by Verlinvest, with key shareholders including Munjal, Bhutna, Doda, and Verlinvest SA. Its EBITDA margin was 14.72%, and ROCE was 5.96%.

    #thekredible #LahoriBeverages #BusinessGrowth #NonAlcoholicDrinks #StartupSuccess #FinancialGrowth #InvestmentSuccess #IndianStartups #BeverageIndustry #Lahori

    https://thekredible.com/blogs/lahori-posted-5x-rise-in-revenue-in-fy23-profits-surge
    Lahori posted 5X rise in revenue in FY23, profits surge Punjab-based company Lahori, founded in 2018 by Saurabh Munjal and Nikhil Doda, recorded a revenue of Rs 214.84 crore in FY23, a 5.7x increase from the previous year. Specializing in non-alcoholic beverages like Zeera, Nimboo, Kacha Aam, and Shikanji, Lahori saw 99.523% of its revenue from product sales. Despite a 6x rise in expenses to Rs 202.90 crore, the company achieved a profit of Rs 7.88 crore, a 2.8x increase. In 2022, Lahori raised over Rs 60 crore in Series A funding led by Verlinvest, with key shareholders including Munjal, Bhutna, Doda, and Verlinvest SA. Its EBITDA margin was 14.72%, and ROCE was 5.96%. #thekredible #LahoriBeverages #BusinessGrowth #NonAlcoholicDrinks #StartupSuccess #FinancialGrowth #InvestmentSuccess #IndianStartups #BeverageIndustry #Lahori https://thekredible.com/blogs/lahori-posted-5x-rise-in-revenue-in-fy23-profits-surge
    THEKREDIBLE.COM
    Lahori posted 5X rise in revenue in FY23, profits surge
    Punjab-based company Lahori recorded a top line of Rs 214.84 crore in FY23, a massive 5.7X increase as compared to FY22.
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  • Ambrane recorded two fold rise in top scale in FY23

    Founded in 2012 by Ashok Rajpal and Sanjay Rajpal, Delhi-based electronics brand Ambrane saw its FY23 revenue soar to Rs 249.96 crore, doubling from Rs 120.75 crore in the previous fiscal year. Ambrane specializes in mobile accessories, audio gadgets, personal care items, and smart devices, with a strong presence in both online and offline markets, including major platforms like Amazon and Flipkart, and retail chains like Croma. Despite this revenue boost, expenses also doubled to Rs 249.13 crore, causing profit to plummet by 77% to Rs 51.41 lakh. Key expenses included material costs, advertising, and employee benefits.

    #TheKredible #Ambrane #ElectronicsBrand #RevenueSurge #TechStartup #MobileAccessories #SmartDevices #EcommerceSuccess #FinancialPerformance #TechIndustry #IndianMarket #BusinessExpansion #StartupSuccess #ElectronicsIndustry #AmbraneFY23 #StartupNews #News

    https://thekredible.com/blogs/ambrane-recorded-two-fold-rise-in-top-scale-in-fy23
    Ambrane recorded two fold rise in top scale in FY23 Founded in 2012 by Ashok Rajpal and Sanjay Rajpal, Delhi-based electronics brand Ambrane saw its FY23 revenue soar to Rs 249.96 crore, doubling from Rs 120.75 crore in the previous fiscal year. Ambrane specializes in mobile accessories, audio gadgets, personal care items, and smart devices, with a strong presence in both online and offline markets, including major platforms like Amazon and Flipkart, and retail chains like Croma. Despite this revenue boost, expenses also doubled to Rs 249.13 crore, causing profit to plummet by 77% to Rs 51.41 lakh. Key expenses included material costs, advertising, and employee benefits. #TheKredible #Ambrane #ElectronicsBrand #RevenueSurge #TechStartup #MobileAccessories #SmartDevices #EcommerceSuccess #FinancialPerformance #TechIndustry #IndianMarket #BusinessExpansion #StartupSuccess #ElectronicsIndustry #AmbraneFY23 #StartupNews #News https://thekredible.com/blogs/ambrane-recorded-two-fold-rise-in-top-scale-in-fy23
    THEKREDIBLE.COM
    Ambrane recorded two fold rise in top scale in FY23
    Electronics brand Ambrane reported impressive growth in FY23, with revenue surging to Rs 249.96 crore, marking a substantial 2X increase.
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  • EasyRewardz’s revenue spikes 30% in FY23, losses widen 14%

    EasyRewardz, a B2B loyalty management platform based in Gurugram, saw a nearly 30% revenue increase, reaching Rs 45.65 crore in FY23. The company's operating revenue rose by 31% to Rs 44 crore, with significant contributions from LPaaS retainer revenue and campaigns. However, expenses also grew by 25% to Rs 65.25 crore, driven mainly by employee benefits and material costs. Despite a 14% increase in losses to Rs 19.6 crore, EBITDA improved to -37.67%, though ROCE declined to -1,007.89%. The company, led by Soumya Chatterjee, Angad Singh, and Tejas Kadakia, secured Series B funding from IIFL Finance in 2022.

    #thekredible #StartupNews #Startup #News #EasyRewardz #BusinessPerformance #GurugramStartups #EmployeeBenefits #BusinessExpansion #StartupSuccess #InvestmentNews #BusinessNews #TechStartups #StartupFunding

    https://thekredible.com/blogs/easyrewardzs-revenue-spikes-30-in-fy23-losses-widen-14
    EasyRewardz’s revenue spikes 30% in FY23, losses widen 14% EasyRewardz, a B2B loyalty management platform based in Gurugram, saw a nearly 30% revenue increase, reaching Rs 45.65 crore in FY23. The company's operating revenue rose by 31% to Rs 44 crore, with significant contributions from LPaaS retainer revenue and campaigns. However, expenses also grew by 25% to Rs 65.25 crore, driven mainly by employee benefits and material costs. Despite a 14% increase in losses to Rs 19.6 crore, EBITDA improved to -37.67%, though ROCE declined to -1,007.89%. The company, led by Soumya Chatterjee, Angad Singh, and Tejas Kadakia, secured Series B funding from IIFL Finance in 2022. #thekredible #StartupNews #Startup #News #EasyRewardz #BusinessPerformance #GurugramStartups #EmployeeBenefits #BusinessExpansion #StartupSuccess #InvestmentNews #BusinessNews #TechStartups #StartupFunding https://thekredible.com/blogs/easyrewardzs-revenue-spikes-30-in-fy23-losses-widen-14
    THEKREDIBLE.COM
    EasyRewardz’s revenue spikes 30% in FY23, losses widen 14%
    B2B loyalty management platform EasyRewardz recorded an almost 30% spike in its top scale to touch Rs 45.65 crore in FY23.
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  • Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%

    Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to Rs 18 crore. Despite reduced expenses (down 14% to Rs 28 crore), losses rose 11% to Rs 8.2 crore. Key costs included advertising (33%), materials (25%), and employee benefits (10%). Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. Major stakeholders include its Promoters, Amit Nanavati, Verlinvest, and Purplle.

    #thekredible #JuicyChemistry #RevenueDrop #SkincareIndustry #D2CBrand #SkincareProducts #StartupUpdate #BusinessNews #FundingNews #CosmeticIndustry #SkinCareNews #StartupEcosystem

    https://thekredible.com/blogs/juicy-chemistrys-scale-dwindles-21-in-fy23-losses-rise-11
    Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11% Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to Rs 18 crore. Despite reduced expenses (down 14% to Rs 28 crore), losses rose 11% to Rs 8.2 crore. Key costs included advertising (33%), materials (25%), and employee benefits (10%). Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. Major stakeholders include its Promoters, Amit Nanavati, Verlinvest, and Purplle. #thekredible #JuicyChemistry #RevenueDrop #SkincareIndustry #D2CBrand #SkincareProducts #StartupUpdate #BusinessNews #FundingNews #CosmeticIndustry #SkinCareNews #StartupEcosystem https://thekredible.com/blogs/juicy-chemistrys-scale-dwindles-21-in-fy23-losses-rise-11
    THEKREDIBLE.COM
    Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
    Skin and personal care brand Juicy Chemistry witnessed its revenue dwindling 21% to Rs 19.7 crore in the fiscal year ending March 2023.
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  • Trendlyne’s scale grew 50% in FY23, profits dwindle 15%

    Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne was founded by Amber Pabreja and is funded by investors like IIFL Finance.

    #thekredible #News #Startup #Trendlyne #StockMarketResearch #Fintech #StartupSuccess #RevenueGrowth #BusinessGrowth

    https://thekredible.com/blogs/trendlynes-scale-grew-50-in-fy23-profits-dwindle-15
    Trendlyne’s scale grew 50% in FY23, profits dwindle 15% Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne was founded by Amber Pabreja and is funded by investors like IIFL Finance. #thekredible #News #Startup #Trendlyne #StockMarketResearch #Fintech #StartupSuccess #RevenueGrowth #BusinessGrowth https://thekredible.com/blogs/trendlynes-scale-grew-50-in-fy23-profits-dwindle-15
    THEKREDIBLE.COM
    Trendlyne’s scale grew 50% in FY23, profits dwindle 15%
    Bengaluru headquartered stock market research platform Trendlyne recorded its revenue for the fiscal year ending March 2023.
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  • Newton School recorded 14% growth in scale in FY23

    Edtech startup Newton School grew 14% in FY23, reaching Rs 24.4 crore in revenue, with 69% from operations. The Bengaluru-based online coding platform's expenses soared to Rs 107 crore, driven by employee benefits, advertising, and legal costs. Losses increased over fourfold to Rs 82.6 crore. The firm raised Rs 190 crore in Series B funding, led by Steadview Capital.

    #thekredible #news #data #startup #edtech #newtonschool #codingtraining #bengalurustartups #techeducation #edtechsuccess #joborientedcourses #educationinnovation #steadviewcapital

    https://thekredible.com/blogs/newton-school-recorded-14-growth-in-scale-in-fy23
    Newton School recorded 14% growth in scale in FY23 Edtech startup Newton School grew 14% in FY23, reaching Rs 24.4 crore in revenue, with 69% from operations. The Bengaluru-based online coding platform's expenses soared to Rs 107 crore, driven by employee benefits, advertising, and legal costs. Losses increased over fourfold to Rs 82.6 crore. The firm raised Rs 190 crore in Series B funding, led by Steadview Capital. #thekredible #news #data #startup #edtech #newtonschool #codingtraining #bengalurustartups #techeducation #edtechsuccess #joborientedcourses #educationinnovation #steadviewcapital https://thekredible.com/blogs/newton-school-recorded-14-growth-in-scale-in-fy23
    THEKREDIBLE.COM
    Newton School recorded 14% growth in scale in FY23
    Edtech startup Newton School recorded 14% growth in its top scale to Rs 24.4 crore in the fiscal year ending March 2023.
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  • Kandee Factory’s revenue spikes 32% in FY23
    Chennai- based confectionary brand Kandee Factory witnessed an over 32% spike in its revenue in FY23 with operations contributing over Rs 2.7 crore of the total revenue. In FY22 the company’s overall revenue stood at around Rs 2.2 crore with the entirety of the amount coming in from operations. Visit - https://thekredible.com/blogs/kandee-factorys-revenue-spikes-32-in-fy23-expenses-follow
    #KandeeFactory #revenue #thekredible #Startupnews
    Kandee Factory’s revenue spikes 32% in FY23 Chennai- based confectionary brand Kandee Factory witnessed an over 32% spike in its revenue in FY23 with operations contributing over Rs 2.7 crore of the total revenue. In FY22 the company’s overall revenue stood at around Rs 2.2 crore with the entirety of the amount coming in from operations. Visit - https://thekredible.com/blogs/kandee-factorys-revenue-spikes-32-in-fy23-expenses-follow #KandeeFactory #revenue #thekredible #Startupnews
    THEKREDIBLE.COM
    Kandee Factory’s revenue spikes 32% in FY23, expenses follow
    Chennai- based confectionary brand Kandee Factory witnessed an over 32% spike in its revenue in the fiscal year ending March 2023.
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