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    Beardo records 10X surge in profit with revenue of Rs 78.5 Cr in FY20

    Beardo has turned out to be one of the most successful direct to consumer brands in the men's grooming space. The company was acquired by Marico in a deal worth over Rs 350 crore in July this year. It's also one of the rare D2C brands which offered an exit to its backers in the range of 6 t0 10X, and that too within a period of four years. At the time of...

    • 5 days ago
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    Ustraa operating revenue touched Rs 60 Cr in FY20; losses grew by over 50%

    Happily Unmarried is one of the oldest direct to consumer brands. The company used to sell funky goods for millenials such as coffee mugs, ashtrays and accessories until 2015 when it pivoted to become a full-stack grooming brand. Happily Unmarried's flagship brand Ustraa constitutes the majority of its business. Ustraa is a beard and hair focused brand that offers...

    • a week ago
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    How Fynd revamped operations in FY20 post acquisition by Reliance

    Omnichannel commerce startup Fynd which was acquired by Reliance in August 2019 and spent around eight months under Reliance in FY20, put a tight control on its expenses during that financial year. The company scaled back significantly which led to a drop in operating revenue and also a reduction of losses. Fynd's revenue reduced by 57.2% to Rs 5.95 crore from Rs 13.9...

    • 2 weeks ago
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    Chiratae invests Rs 23.5 Cr in Patna-based agritech startup Ergos

    Agritech startups have had a good run in 2020 with half a dozen companies such as Clover, Arya, DeHaat, Kamatan Farm and Bijak raising close to $70 million in total funding. Patna-based Ergos had announced an investment of Rs 35 crore in its Series A round from Avishkar Bharat Fund(ABF) in April. The company had allotted convertible debentures worth Rs 20 crore to ABF earlier...

    • 2 weeks ago
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    Decoding ShareChat's valuation and Pre Series E round

    The ban on TikTok and other short video entertainment apps linked to China has given a new lifeline to ShareChat. While the company has been struggling to find a sustainable business model in its core offering - vernacular social media - its TikTok clone Moj has given it enough reason to cheer. The company positioned Moj as an anchor in its recent $40 million bridge round and although it...

    • 4 weeks ago
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    Lead School's revenues jumped 4.5X during FY20; losses soared to Rs 36 Cr

    Mumbai based edtech startup Lead School has continued with the trend of bettering its revenue growth along with its losses, its financial numbers for the year ending March 31, 2020 show. The startup, which offers integrated curriculum and technology solutions to private schools, saw its operating revenues surge 4.5X from Rs 6.33 crore in FY19 to Rs 28.61 crore during...

    • 4 weeks ago
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    By the numbers: Unacademy's Series F round and stakeholding

    Earlier this month, Unacademy received Rs 1,122 crore or $150 million in a round led by SoftBank with participation from its existing investors, turning it into a unicorn with a valuation north of $1.3 billion. The Japanese investor has infused nearly Rs 900 crore in the Series F round along with existing backer Facebook which invested Rs 30.08 crore and Nexus Venture Partners with...

    • 4 weeks ago
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    Dream11 CEO Harsh Jain gets a 3.3X salary hike following fundraise

    Just after raising a large round of $225 million, online fantasy sports platform Dream11's CEO, Harsh Jain receives a hike in salary. The company has revised Jain's salary from Rs 1.2 crore to Rs 4 crore per annum with effect from April 10, 2020, giving him a whopping raise of 3.3X as compared to his pay last year. This comes as Dream11 raised $225 million at 2X...

    • a month ago
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    Tencent increases its stake in Flipkart with fresh infusion of $62.8 Mn

    Tencent has invested $62.8 million in Flipkart through the Indian e-commerce giant's Singapore-based parent entity Flipkart Pte, regulatory filings show. The fresh infusion is likely a part of Flipkart's $1.2 billion round that was led by Walmart in July this year. Walmart had already infused $660.25 million across two tranches in July. In the same month, Qatar...

    • a month ago
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    Mfine approves share buyback program; founders to get a partial exit

    On-demand healthcare services startup Mfine has passed a special resolution approving the buyback of shares to provide an exit to its investors, regulatory filings show. The buyback will be of 1,17,194 class A equity shares and 53,077 Series A1 CCPS. Mfine's co-founders Ashutosh Lawania and Prasad Kompalli have tendered their 1 lakh equity shares (50K each) for the...

    • a month ago

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