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    Groww expenses shot up 20X in FY20 with miniscule revenue

    Digital platforms that provide asset management solutions such as Zerodha, Paytm Money and ET Money have been scaling at a quick pace as they gain popularity amongst the new earning class of millennials. Retail investors are gradually moving towards the equity market as FD interest rates continue to fall and investors develop an increased risk appetite. One such company which has peaked...

    • 2 days ago
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    Upstox's revenue touches Rs 155 Cr in FY20; expense balloons over 3X

    Discount brokerage firms have increased their market share as more retail investors have started investing and trading stocks according to a recent research report. The new-age retail investors have embraced tech-based trading platforms with relatively simpler UI/UX provided by these new-age brokers such as Zerodha, Upstox and Groww. While the former posted its best...

    • 3 days ago
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    Zerodha's revenue grows to Rs 1,094 Cr in FY20 with Rs 442.36 Cr profit

    Discount broker Zerodha has had tremendous growth during the last year with the corona lockdowns acting as catalysts for its growth as new retail investors flocked to the share market. As per National Stock Exchange data, Zerodha had an active client base of more than 3.14 million as of January 31, 2021, and it stood as the biggest share brokerage firm in India. It sports...

    • 6 days ago
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    Lenskart sets up ESOP trust for its employees before IPO

    Lenskart, which has been readying for an Initial Public Offering or IPO in the coming fiscal, has set up an ESOP trust for its employees before listing. The company has passed a special resolution to set up an ESOP trust for its employees, regulatory filings show. According to Fintrackr 's estimates, the newly set up trust will constitute 3,173,037 equity shares worth in the...

    • 7 days ago
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    Udaan's revenue jumps 21X in FY20; losses surge to Rs 2,519 Cr

    Udaan has emerged as the poster boy of the B2B e-commerce space and investors remain bullish on its long term potential as they poured in $280 million in an extended Series D round at a valuation of $3 billion last month. While the pandemic had disrupted Udaan's operations for the major part of the ongoing fiscal, the company recently claimed to have bounced back by...

    • a week ago
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    BharatPe's valuation soars to $922 Mn after Series D round: Fintrackr

    Merchant focused QR code-based payments firm BharatPe had recently announced its $108 million worth Series D round led by Coatue Management. While the company had not disclosed many details of the deal, Fintrackr has decoded some numbers via its regulatory filings. BharatPe has passed a special resolution to issue 4,356 Series D Preference shares at an issue price of Rs...

    • a week ago
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    Exclusive: Koo's parent valuation touches Rs 200 Cr after Series A round

    Bombinate Technologies, the parent company of Twitter's homegrown rival Koo and vernacular microblogging platform Vokal, had announced a Series A round worth $4.1 million on February 5. While the company didn't disclose the break up and valuation of the financing round, Fintrackr has decoded such details including shareholding patterns through its regulatory...

    • a week ago
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    BigBasket's B2B arm crosses Rs 3,800 Cr in revenue during FY20; posts Rs 611 Cr loss

    After maintaining its leadership position in the online grocery space for years, BigBasket slipped to the second position, months after the launch of JioMart during the second half of 2020. Considering the deep financial muscle of Reliance, pundits started speculating doom and gloom for the decade-old firm. Amidst such speculations, the company got an...

    • a week ago
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    Decoding CRED's Series C funding round

    In January, Credit card bill payment app CRED announced its Series C round led by DST Global. While the company didn't disclose much details of the financing round, Fintrackr has decoded the numbers from its regulatory filings. CRED has passed a special resolution to allot 2,52,305 Series C preference shares at an issue price of Rs 223,791.52 each to raise Rs 600.3 crore or $82.74 million ($1= Rs...

    • 2 weeks ago
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    ShareChat posts operating revenue for the first time in FY20; outstanding losses cross Rs 1,253 Cr

    The fiscal ended in March 2020 was the first year in which six-year-old social media startup Sharechat collected operating revenues. The company which is backed by social media giant Twitter earned around Rs 9.4 crore from its operations during FY20. Around 95.1% of this revenue was earned through the sale of advertisement space on the ShareChat...

    • 2 weeks ago

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