RENÉE Cosmetics, a homegrown beauty brand, has taken a significant leap in the competitive beauty market. Known for innovative makeup and skincare products, RENÉE achieved a major financial milestone by doubling its revenue, reaching Rs 200 crore in FY24. This growth story highlights RENÉE’s successful strategies in marketing, product diversity, and the rising demand for direct-to-consumer…
Google India, a subsidiary of Alphabet Inc., has reported significant growth in its financial performance for the fiscal year 2024. The company’s revenue surged to Rs 5,518 crore, marking a substantial increase compared to the previous year.
Key Financial Highlights:
Revenue: Rs 5,518 crore
Profit: Rs 1,424 crore
This impressive financial performance can be attributed to several…
In the fiscal year 2024, MyGate, a community management and security platform, has showcased a strong financial comeback. Boosted by strategic revenue channels, MyGate saw its revenue surge by over 35% to almost Rs 110 crore. Simultaneously, the company managed to cut its losses by an impressive 82%, marking a promising step toward profitability.
Revenue Growth Driven by Subscriptions and…
Mumbai-based mortgage-tech startup, Easy Home Finance, has raised Rs 210 crore in a Series A2 funding round, led by Claypond Capital and backed by Harborfront Capital and other investors. This investment aims to strengthen the company’s asset management, expand its AI-driven platform, and further its reach into underserved regions in India. Easy Home Finance focuses on simplifying the loan…
In a promising milestone for India’s e-commerce industry, Flipkart Internet reported an impressive Gross Merchandise Value (GMV) of $8.5 billion for FY24. This growth comes as Flipkart simultaneously managed to reduce its losses, showcasing its commitment to profitability in a competitive digital market.
Rising GMV and Market Impact
Flipkart’s growth is particularly significant given the…
ICICI Bank has reported a remarkable financial performance for the second quarter of FY24, showing a strong year-on-year growth in net profit and net interest income. This solid performance reflects the bank’s improved operational efficiencies and strategic growth measures, achieving significant market interest amid economic uncertainties.
Impressive Growth in Profit
For Q2 of FY24…
AquaExchange, an IoT-powered aquaculture technology startup, has achieved a significant revenue milestone, crossing Rs 100 crore in the fiscal year 2024. The company, founded by Pavan Kosaraju, is redefining India’s aquaculture industry with a unique blend of technology and finance solutions designed to tackle key issues for fish and shrimp farmers. This remarkable growth highlights…
In a remarkable demonstration of growth and profitability, online travel aggregator ixigo has reported an impressive revenue surge for Q2 FY25. The company posted a 26% year-on-year growth in revenue, reaching Rs 206.5 crore compared to Rs 163.9 crore in the same period last year. Profitability also surged, with ixigo recording a Profit After Tax (PAT) of Rs 13 crore.
ixigo’s Winning…
Mumbai-based direct-to-consumer (D2C) brand Zouk, known for its eco-friendly products, is raising $10 million in a fresh funding round led by Aavishkaar Capital. This marks a significant step for the brand, which specializes in handmade, cruelty-free, and vegan leather items such as laptop bags, wallets, and handbags.
Zouk’s Rise
Founded in 2015 by Disha Singh and Pradeep Krishnakumar…
In recent years, the Indian startup ecosystem has been booming with multiple venture capital-backed companies exploring public market options through SME IPOs. Key players like Leverage Edu, Bhive, and IntrCity, backed by Blume Ventures, Stellaris, and 8i Ventures, are leading this trend by capitalizing on growing investor confidence in small and medium enterprises.
The Rise of SME IPOs in…
