Kunal Manchanda @Kunal_POV Twitter profile

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Kunal Manchanda

3 months

NEW: 🚨💣 Radio Mirchi has acquired Gaana via slump sale at Rs 25 lakh only. ➡️ Gaana was last valued at $580 million and raised over $200 Mn. ➡️ After the acquisition, there are no free services by Gaana and the annual subscription increased from Rs 299 to Rs 599.

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Kunal Manchanda

@Kunal_POV

1 year

NEW: Bootstrapped SaaS firm Wingify posted Rs 51 crore profits after tax on the revenue of Rs 223 crore in FY23. Founder salary: Rs 17.95 crore CEO's salary: Rs 5.82 crore ➡️ It's huge but it makes all sense when you established such a successful business.👏

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Kunal Manchanda

@Kunal_POV

11 months

Shark Tank-fame D2C brand Snitch raised $13 million or Rs 110 crore in a Series A round co-led by SWC Global and IvyCap Ventures. Snitch claims that it will open over 100 offline stores across India by 2028 Compnay said, that its topline crossed Rs 100 crore in revenue in FY23

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Kunal Manchanda

@Kunal_POV

1 year

Have you seen any start-up with Rs 570 crore in revenue and Rs 200 crore in PAT (profit after tax)? 🤫 Magical figures: ➡️For every Rs 2.85 of revenue, the company is booking a rupee of profit, and that too after tax!!

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Kunal Manchanda

@Kunal_POV

2 years

Milky Mist recorded Rs 928 crore operating revenue with 4 fold jump in profits in FY21 The Erode-based bootstrapped company has emerged as one of the strongest competitors to new age startups in this space my #Fintrackr story with @upadhyay_harsh1

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Kunal Manchanda

@Kunal_POV

1 year

PhonePe came home Razorpay coming home Groww coming home Sab ghar aa rhe hai, tum kab aaogi ?? 😢

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Kunal Manchanda

@Kunal_POV

2 years

1/2 Alert 🚨- One unicorn down🔪: Paytm mall is giving exit to Alibaba + Ant. While the stakes of the two was valued over $1.1 Bn in 2019, they are writing off their investments and exiting with meagre $5.3Mn. Super story by @Tyagi0G + @upadhyay_harsh1

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Kunal Manchanda

@Kunal_POV

1 year

Tiger Global-backed gold savings platform Jar spent Rs 137 Cr to earn Rs 9 Cr in FY23 Jar has raised over $60 million to date and is valued at around $325 million. Jar lets users invest as little as Re 1 in digital gold and convert it to physical gold through company partners.

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Kunal Manchanda

@Kunal_POV

1 year

Sachin Bansal's NAVI fired 200 employees across tech, product, and analytics. ▶️ The company also delayed its public listing plan citing weak market conditions. ▶️ Navi is among the rarest companies that resorted to layoffs even after booking a profit of Rs 264 crore in FY22.

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Kunal Manchanda

@Kunal_POV

3 years

💰Exclusive: Lenskart raised $100M Series I from Alpha Wave Ventures at post money valuation of $4.3Bn break with @upadhyay_harsh1

Exclusive: Lenskart raises $100 Mn in a new round

Multi-channel eyewear brand Lenskart has raised Rs 760 crore or $100 million in a new round from Alpha Wave (Previously Falcon Edge).

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

King for a reason ♥️ #legend

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Kunal Manchanda

@Kunal_POV

3 years

💥BIG: Pure play bootstrapped startup PW (Physics Wallah) is raising $100 Mn in its maiden funding round to enter the Unicorn club. exclusive by @jaivardhan88 @upadhyay_harsh1 #entrackr

Exclusive: Bootstrapped startup PW set to turn unicorn with maiden fundraise

Online learning platform Physics Wallah is in talks with Westbridge and GSV Ventures to raise $100 million at around $1 billion valuation.

entrackr.com

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Kunal Manchanda

@Kunal_POV

11 months

Exclusive: Cloud kitchen company Biryani By Kilo has raised $9 million or Rs 72 crore in its Series C round led by Alpha Wave Ventures. ➡️ BBK has raised around $55 million to date. As per @TheKredible estimates, the company has been valued at $105 Mn post-allotment.

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Kunal Manchanda

@Kunal_POV

1 year

FrontRow, a learning platform for non-academic skills, has shut down its operations. ▶️ According to sources, the company is also returning about $2.5 million to its investors which include Lightspeed, EightRoads, and Elevation among others.

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Kunal Manchanda

@Kunal_POV

3 years

Kunal Shah’s CRED financials on a unit level: ➸ Spent Rs 729 to earn Re 1 in FY20. ➸ Spent Rs 7 to earn Re 1 in FY21. Story by @jaivardhan88 @Tyagi0G @entrackr #Fintrackr

CRED revenue soars 170X in FY21, losses past Rs 523 Cr

After recording revenue of only Rs 52 lakh during FY20, CRED had projected operating revenues of around Rs 108 crore for FY21.

entrackr.com

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Kunal Manchanda

@Kunal_POV

11 months

If Comeback had a face then @bookmyshow could be the poster boy of it. 👏 ➡️ The company scaled 2.5X YOY and crossed Rs 1,000 Cr in revenue with hefty profits of Rs 85 Cr in FY23. ➡️ During the COVID-affected year (FY21), it posted Rs 74 Cr revenue with a loss of Rs 223 Cr.

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Kunal Manchanda

@Kunal_POV

3 years

Kunal Shah’s CRED to make its first acquisition with alcohol payment and delivery startup HipBar.

CRED seeks to make users spend more on the platform with HipBar acquisition

CRED is all set to mark its first acquisition with the impending acquisition of Chennai- based alcohol payment and delivery startup HipBar.

entrackr.com

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Kunal Manchanda

@Kunal_POV

3 years

💰Dental tech startup Toothsi has raised 100 Cr ($13Mn) led by IIFL ➡ As per Fintrackr's estimates, it is now valued at around $252 Mn. story with @upadhyay_harsh1 @entrackr

Exclusive: Dental tech startup Toothsi raises Rs 100 Cr led by IIFL

Mumbai-based dental tech startup Toothsi has raised Rs 100 crore or a little over $13 million in a fresh tranche led by IIFL.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

Startups are not just limited to fund raising and cash burn, they also generate massive job opportunities. Here is the list of Top 10 unicorns in terms of head count, giving employment to over 2 lakh people.👏

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Kunal Manchanda

@Kunal_POV

1 year

Jewellery startup GIVA raised Rs 270 Cr in a Series B round led by Premji Invest ➡️ Besides equity, it also has a secondary component (Rs 70 Cr) to provide partial exits to existing backers: Kunal Shah and First Cheque

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Kunal Manchanda

@Kunal_POV

2 years

Exclusive: Decoding Ashneer Gorver's new venture: Third Unicorn seed round ▶️It has raised $3.5Mn led by ZNL growth fund along with the participation of f 28 other ventures and angel investors at a valuation of $35 million

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Kunal Manchanda

@Kunal_POV

2 years

Funding Alert🚨 Tea Cafe chain Chaayos has raised $45Mn led by Alpha Wave Ventures and existing backers Elevation Capital, Tiger Global and Think Investments at a post money valuation of $250Mn. my story with @upadhyay_harsh1 via @entrackr

Exclusive: Chaayos scoops up $45 Mn in Series C led by Alpha Wave

Tiger Global-backed Chaayos has raised around $45 million or Rs 349.4 crore in a Series C round led by Alpha Wave Ventures.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

Vineeta Singh-led company sugar Cosmetics crosses Rs 200 crore revenue mark in FY22 ▶️In the line of revenue, the losses of the company spiked 3.6X to Rs 76 crore in the same period 👉Its top competitor Mamaearth posted Rs 943 crore revenue against a Rs 14 crore loss in FY22.

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Kunal Manchanda

@Kunal_POV

2 years

NEW: Public listed company Nyka to acquire Chiratae and Blume Ventures-backed Little Black Book. This year, the Falguni Nayar-led firm also invested in Earth Rhythm, Nudge Wellness, and KICA. break by @upadhyay_harsh1 via @entrackr

Exclusive: Nykaa to acquire Chiratae-backed Little Black Book

Beauty centric online marketplace Nykaa is in late-stage talks to acquire local discovery and e-commerce platform Little Black Book (LBB).

entrackr.com

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Kunal Manchanda

@Kunal_POV

3 years

Unicorn + profitability ➡️🏏Indian fantasy sports company Dream11 recorded Rs 2,554 crore operating revenue in FY21 with over 3X jump in profits to Rs 327 crore. Story by @Tyagi0G and @jaivardhan88

Dream11 posts Rs 327 Cr profit in FY21; revenue grows 53%

Besides its valuation ($8 billion), Dream11 has also been leading the segment in terms of business and also managed to grow its profit over 3X

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

After claiming in 2019 that Binance had bought WazirX, now it turns out that the deal never happened. A fact that WazirX or Binance for that matter did not care to share with anyone until the raid by ED. [1/2] my story with @upadhyay_harsh1 via @entrackr

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Kunal Manchanda

@Kunal_POV

1 year

Digital healthcare platform Practo: (1/3) Is anything wrong with them? 1. Filed their FY21 figures in March 2023 and FY22 numbers in June 2023, why? - ➡️ Who cares, coz everyone is care about Byju's financials = harsh but true 😅

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Kunal Manchanda

@Kunal_POV

1 year

Saregama is all set to acquire a 51.82% stake in the digital entertainment startup Pocket Aces for Rs 174 crore or $20 Mn. 👉🏻 Pocket Aces has three main channels: Dice Media (premium long-form web series), Filter Copy (short-form content) and Gobble (short-form food videos).

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Kunal Manchanda

@Kunal_POV

2 years

Amazon Pay India’s revenue crossed Rs 2,000 Cr while losses surpassed Rs 1,740 crore mark in FY21-22 ▶ Advertising and payment processor charges constitute 87% of the overall expenditure for the company. my #Fintrackr story with @upadhyay_harsh1

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Kunal Manchanda

@Kunal_POV

3 years

Fintech unicorn Slice’s financials Operating revenue ▪️FY21: Rs 35.35 Cr ▪️FY20: Rs 29.88 Cr Expenses ▪️FY21: Rs 47.87 Cr ▪️FY20: Rs 35.72 Cr Loss ▪️FY21: Rs 8.91 Cr ▪️FY20: Rs 1.87 Cr Story @entrackr

Slice turns unicorn with $220 Mn round led by Tiger and Insight Partners

Slice has raised $220 million in its Series B round co-led by Tiger Global and Insight Partners at over $1 billion valuation.

entrackr.com

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Kunal Manchanda

@Kunal_POV

11 months

The skincare brand Minimalist's scale ballooned 8X during the last two reported fiscal years and posted Rs 184 Cr in revenue in FY23. ➡️ The brand has demonstrated consistent profitability for three consecutive years ➡️ The name Minimalist is showing extraordinary performance👏

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Kunal Manchanda

@Kunal_POV

2 years

Milk Mantra crosses Rs 235 crore revenue mark in FY21. The Bhubaneshwar-based dairy foods company registered a profit of Rs 23.25 crore my #Fintrackr story with @upadhyay_harsh1

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Kunal Manchanda

@Kunal_POV

2 years

#Fintrackr : The Souled Store near Rs 150 Cr revenue mark in FY22 with controlled expenses ▶️ The Company also claimed a revenue run rate of Rs 450 Cr during their Series C funding round ▶️ It has raised Rs 135 Cr in the last month led by Xponentia capital

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Kunal Manchanda

@Kunal_POV

1 year

I love when a company does good. We have posted PocketFM’s FY22 results where the company registered 12 Cr revenue with Rs 171 Cr loss 👉🏻 Now the @PocketFM_App revenue is near Rs 150 Cr and losses were contracted 73.5% in FY23. Cheers to the team 👏

Pocket FM’s scale soars 9X to Rs 150 Cr in FY23

Pocket FM revenue from operations soared 8.7X to Rs 148.7 crore in FY23 from Rs 17 crore in FY22.

entrackr.com

Kunal Manchanda

@Kunal_POV

2 years

Pocket FM with pocket-size revenue !!! ▶️ Is India the market where people will pay money for listing podcasts? any reviews? 😬

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Kunal Manchanda

@Kunal_POV

11 months

Decoding Third Wave Coffee's Series C round: The company has raised Rs 251.8 Cr or $31 Mn in its Series C round, docs sourced from RoC show. ➡️ Third Wave Coffee has been valued at $155 Mn. ➡️ WestBridge is the largest shareholder with 32.6% followed by Creaegis with 13.6%

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Kunal Manchanda

@Kunal_POV

2 years

Whenever we say bootstrapped, we usually talk about profitable companies 👉One such company, Gameskraft (FY22): Revenue: 2,112 Cr Profit: 937 Cr (after-tax) ▶️ They also paid a tax of Rs 330 Cr during FY22 ▶️ It operates games like Rummy Culture, Gamezy, Rummy Time

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Kunal Manchanda

@Kunal_POV

1 year

Drone Manufacturing company @ideaforge_tech has filed Red Herring Prospectus with SEBI. IPO size: 570 Cr Fresh Issue: 240 Cr Offer for sale: Rs 330 Cr Financials Stats: Revenue: 186 Cr Profit: 32 Cr Bidding dates: 26th- 29th June, 2023 Price Band: Rs 638-672

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Kunal Manchanda

@Kunal_POV

1 year

Rajnish Kumar joins Byju’s Advisory Council to advise and mentor the company’s board and its CEO Byju Raveendran. Meanwhile Ashneer Grover:

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Kunal Manchanda

@Kunal_POV

1 year

New: BigBasket's B2C biz losses surged 89% to Rs 1,535 Cr in FY23 with flat revenue growth. What can be the reason for their flat revenue: 1. are people getting bored with BB? 2. Blinkit and Instamart entry? 3. Do marketing techniques need to be updated? 4. No 10 Min delivery?

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Kunal Manchanda

@Kunal_POV

2 years

FreshToHome claims profitability with a topline of around Rs (1,500-2,000 Cr) or $250 Mn in FY23 ▶️ Companys's previous fiscal year shows an entirely different picture where it spent $79 Mn to make $13.5 Mn in revenue. PS: Claiming is good but owning the same is a real flex

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Kunal Manchanda

@Kunal_POV

2 years

NEW: Soon after launch of its $250 Mn India-focused fund, Eight Roads Ventures has led $15 Mn Series A round in Wint Wealth.💰 break with @upadhyay_harsh1 via @entrackr

Exclusive: Wint Wealth raises nearly $15 Mn led by Eight Roads Ventures

Debt investment aggregator platform Wint Wealth has scooped up nearly $15 million in a new round from new and existing investors.

entrackr.com

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Kunal Manchanda

@Kunal_POV

1 year

Kota-famed Allen posted Rs 2,277 Cr in revenue with Rs 429 Cr profit after tax during FY23. ➡️ Allen, a seasoned expert with 35 years of experience in offline education, is now extending its influence into online education. ➡️ So far, the leading education company in India.

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Kunal Manchanda

@Kunal_POV

1 year

HealthifyMe raised $30 million in a pre-Series D round led by LeapFrog Investments and Khosla Ventures ➡️ The company has raised $130 million to date. ➡️ HealthifyMe uses software, wearable devices, and fitness trainers to help people reach their fitness goals.

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Kunal Manchanda

@Kunal_POV

2 years

Ather Energy revenue grew 5 folds to Rs 408 crore in FY22 The Bengaluru-based company sold 23,408 electric scooters in FY22, a 323% jump as compared to 5,523 units in FY21 my #Fintrackr story with @upadhyay_harsh1 via @entrackr

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Kunal Manchanda

@Kunal_POV

1 year

Sequoia earns 23X return after its exit from Go Fashion: ▶️ The venture capital made Rs 1,370 Cr from the investment of Rs 60 Cr ▶️ Completed its exit in three tranches/cheques- 1. At the time of IPO = Rs 517 Cr 2. December 2022= Rs 228 Cr 3. June 2023= Rs 625 Cr

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Kunal Manchanda

@Kunal_POV

11 months

D2C brand Vahdam Teas posted flat revenue with a 3.4X spike in losses in FY23 ➡️ Its auditor (S.R Batliboi & Associates ) flags qualifications remarks concerning inventories. ➡️ The USA accounted for 67% of the total revenue, whereas Europe and India contributed 17% and 6.3%.

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Kunal Manchanda

@Kunal_POV

1 year

Pet food brand @DroolsIndia raised $60 million from private equity firm L Catterton at a valuation of $600 million ➡️ This is one of the largest investments to date in the pet care industry in India. ▶️ Financials Stats (FY22) Revenue: Rs 355 Cr Profit: 35.78 Cr

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Kunal Manchanda

@Kunal_POV

3 years

Cars24 is the second major Indian company registered in Singapore that has converted into a public company recently. A month ago, Pine Labs had changed its status from private to public Exclusive story @entrackr

Exclusive: Cars24 converts into a public entity; MS Dhoni exits partially

Used car retailer Cars24 Singapore-based holding entity has converted into a public company ahead of its initial public offering (IPO).

entrackr.com

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Kunal Manchanda

@Kunal_POV

3 years

Lay-off is getting common across Indian startups as funding environment turns tepid. In the first five months of 2022, 1700 employees have been laid off by over a dozen growth and late stage startups. story by @upadhyay_harsh1

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Kunal Manchanda

@Kunal_POV

2 years

Decoding @PhonePe 's financials (Jan-Sep'22) - ▶️ The company records Rs 1,913 Cr revenue with an EBITDA of Rs -410.4 Cr during the first nine months of CY22. ▶️ PhonePe has made 2,721.1 crore transactions with a total payment value of Rs 45.3 trillion in the same period.

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Kunal Manchanda

@Kunal_POV

3 years

Accel and sequoia backed mobility startup Bounce recorded operating revenue of Rs 14 Cr and losses of Rs 305.6 Cr in FY21 #Fintrackr story with @Tyagi0G via @entrackr

Bounce shrinks 83% in FY21, Rs 2,152 Cr losses ride pillion

Bounce, which pivoted to become an electric scooter manufacturer at the start of the ongoing fiscal, was a scooter rental platform in FY21.

entrackr.com

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Kunal Manchanda

@Kunal_POV

1 year

Aurum PropTech acquires Tiger Global- backed home rental startup NestAway for Rs 90 crore ▶️ The acquisition was approved at a 95% valuation cut ▶️ NestAway has raised a total of $110 Mn to date and was valued at $220 Mn in 2019.

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Kunal Manchanda

@Kunal_POV

1 year

Out of Paytm's total IPO proceeds of Rs 81,10 crore, the company spent Rs 4,012 crore till 31st March 2023 ▶️ The company allocated the funds towards marketing, broadening its merchant base, enhancing its technology, and pursuing its overall corporate objectives

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Kunal Manchanda

@Kunal_POV

2 years

KKR & Co. backed Livspace stats FY22 👇 ▶️ Revenue of the company surged by 54.9% to Rs 570 Cr ▶️ With the increase of 55% in the overall cost, losses spiked to Rs 645 Cr ▶️ After featuring Virat Kohli and Anushka Sharma as their brand ambassadors, marketing costs grew 3.9X

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Kunal Manchanda

@Kunal_POV

1 year

Healthcare-focused ed-tech platform DailyRounds posted Rs 281 Cr Profits after Tax (PAT) on Rs 515 Cr revenue in FY23 ➡️ The company has an EAT (earning after tax) of 54.5% while the EBITDA margin stood at 69% ➡️ It spent only Rs 0.36 to earn a rupee. 👏

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Kunal Manchanda

@Kunal_POV

2 years

Quick commerce startup Blinkit’s gross revenue remained flat at Rs 2,616 Cr in FY22 ▶️ Blinkit was bought out by Zomato for $568 Mn in all-stock deal with a 43% haircut in valuation ▶️ The distress deal was perhaps driven by Blinkit’s stagnant revenue and mounting losses.

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Kunal Manchanda

@Kunal_POV

1 year

Sleepwell parent acquires "Kurlon mattress" and scoops up 35% stake in "Furlenco" ▶️ Sleepwell acquires 94.66% stake in Kurlon at Rs 2,035 crore ▶️ It also acquires a 35% stake in Furniture rental firm Furlenco at Rs 300 crore

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Kunal Manchanda

@Kunal_POV

11 months

Buy now pay later platform ZestMoney is shutting down its operations by December end. ➡️ It will also let go of around 150 employees currently working with the company. A thread 🧵

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Kunal Manchanda

@Kunal_POV

3 years

ZOHO operating revenue soars to Rs. 5230 Cr in Fy21, Annual profits increased by 2.4X to nearly Rs. 1,918 crore. 👉 On a unit level, it spent Rs 0.58 to earn a single rupee of operating revenue in FY21 great story by @jaivardhan88 + @Tyagi0G via @entrackr

Zoho’s profit soars to Rs 1,918 Cr in FY21; revenue crosses Rs 5,200 Cr

Zoho revenue from operations climbed 22.3% to around Rs 5,230 crore ($697 Mn) during FY21 from Rs 4,274 crore ($570 Mn) in FY20.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

Fintech startup CRED scaled over 4X during FY22 while the company's losses were near Rs 1,300 Cr in the same period. ▶️Cred spent Rs 975 Cr on marketing during FY22 ▶️ Kunal shah holds 12.1% of the stake while Sequoia, QED, and Ribbit command 10.4%, 10.7%, and 9% respectively.

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Kunal Manchanda

@Kunal_POV

2 years

Cash burn is always a concern for startups but customer acquisition is equally important.🤯 Out of 100 unicorns, 57 startups are in deep losses, as per our data tracking platform Fintrackr. Impressive report by @upadhyay_harsh1 + @M04SA_

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Kunal Manchanda

@Kunal_POV

2 years

In the last two days: ▶️ Fashinza secures $30 Mn ▶️ Souled Store gets $16.4 Mn ▶️ GoMechanic got acquired ▶️ upGrad bags $36 Mn+ backed by existing investors seems like, summers aate hi, funding winter bhi ja rha hai !!!🎉

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Kunal Manchanda

@Kunal_POV

3 years

Online health and fitness startup "Fittr" tastes profitability, with a significant increase of 93% in its operating revenue in the fiscal year (Fy21). 👉story with @upadhyay_harsh1 via @entrackr #Fintrackr

Sequoia and Dream Capital-backed Fittr turns profitable in FY21

Fittr has recorded a significant surge of 93.5% in its operating revenue to Rs 58.11 crore in FY21 from Rs 30 crore in the preceding fiscal.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

EatClub Brands (previously Box8) grew two-fold to Rs 210 cr in FY22 ▶️It manages nine brands including Mojo pizza, Zaza biryani, Bhatti chicken wings, Box8, NH1 bowls, and others Revenue: FY20: Rs 153 cr (pre covid) FY21: Rs 107 cr (during covid) FY22: Rs 210 cr (post-covid)

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Kunal Manchanda

@Kunal_POV

2 years

Edtech unicorn Vedantu’s revenue grew to Rs 94 crore while losses inflated 4X to Rs 604 crore. The Bengaluru based Company spent 80% on salaries and advertisements. my #Fintrackr story with @upadhyay_harsh1

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Kunal Manchanda

@Kunal_POV

2 years

Scoop confirmed!! Agritech startup Cropin today announced its Rs 113 Cr funding from ABC Impact, Chiratae, Google, and JSR Corp This is the first direct investment by Google in any agritech startup in India @entrackr exclusively reported this on Dec 9

Exclusive: Google and others invest in agritech platform CropIn

Agritech firm CropIn is raising a new round and it already has cornered $14 million or Rs 113.4 crore from Google and others.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

#Fintrackr : Zoho never disappoint: Unpacking Zoho’s financials- FY22 ▶️ Total Revenue: Rs 7,000 Cr ▶️ Profits: Rs 2,749 Cr ▶️ Cash flow from operations: Rs 3,534 Cr 👉🏻 North America remains the largest market for Zoho, generating 47.7% of total collection i.e Rs 3,198 crore

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Kunal Manchanda

@Kunal_POV

3 years

Microlending startup SmartCoin raised Rs 52.05 crore or close to $7 million in its Series B round at valuation of over 500 crore. story with @upadhyay_harsh1 via @entrackr

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Kunal Manchanda

@Kunal_POV

2 years

Mahindra Logistics is acquiring Rivigo Services Private Limited’s B2B express business for Rs 225 crore in a slump sale. ▶ B2B express business contributed over 58% or Rs. 371.3 cr to the company’s total collection in FY21 ✍️ @upadhyay_harsh1

Mahindra Logistics acquires Rivigo’s B2B express biz in a fire sale

Mahindra Logistics is acquiring trucking unicorn Rivigo Services Private Limited’s B2B express business for Rs 225 crore.

entrackr.com

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Kunal Manchanda

@Kunal_POV

1 year

Licious gets a reality check: why? Let me tell you! The company planned to clock Rs 1,500 Cr revenue in FY23 but actually posted 50% less. ➡️ Licious registered a Rs 500 Cr loss on the revenue of Rs 747 crore in FY23

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Kunal Manchanda

@Kunal_POV

2 years

Online rummy platform A23 witnessed a dip in scale and profit in FY22 ▶️ They also onboarded Shahrukh Khan as brand ambassador to keep up the charm but it didn't work as we look into the annual statements. 👉 Should we consider this a downfall for gaming companies post Covid?

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Kunal Manchanda

@Kunal_POV

1 year

Wow! Momo has raised Rs 75 crore or $9 million as a part of Series D round from ValueQuest Capital. ➡️ As per @TheKredible estimates, the company has been valued at around $340 Mn post-allotment. Largest stakeholder- Tiger Global: 14.08% ValueQuest Capital after infusion: 3.21%

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Kunal Manchanda

@Kunal_POV

1 year

The PeakXV holds over 21% of the anonymous social media platform Grapevine. PeakXV secured this substantial percentage in its seed round. A good bet, I would say. According to startup data intelligence platform TheKredible, Grapevine has been valued at Rs 95.3 Cr or $11.62 Mn

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Kunal Manchanda

@Kunal_POV

2 years

#FINTRACKR : Full-fledged online travel agent (OTA) @ixigo posts Rs 119 Cr in op-revenue in Q1 FY23 and profits rise to Rs 9 Cr 👉The compnay is set to go public and already filed DRHP to raise Rs 1,600 crore in August last year my story with @M04SA_

Ixigo posts Rs 119 Cr in op-revenue in Q1 FY23, profits rise to Rs 9 Cr

Full-fledged online travel agent (OTA) and largest train travel booking OTA Ixigo posts Rs 119 Cr in op-revenue in Q1 FY23

entrackr.com

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Kunal Manchanda

@Kunal_POV

3 years

#FINTRACKR : Wakefit becomes one of the top D2C brands in terms of revenue. The Sequoia-backed company recorded Rs. 400 Cr+ in operating revenue in FY21. My story with @upadhyay_harsh1 via @entrackr

Wakefit crosses Rs 400 Cr revenue in FY21, slips into losses

Wakefit is one of the few growth-stage startups that have managed to cross Rs 400 crore revenue mark within 5 years of its inception.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

Hindustan Unilever acquires D2C Nutrition brand OZiva via strategic investment 👉 The first tranche of 51% stake will be at a cash consideration of Rs 264.28 cr 👉 HUL will acquire the remaining 49% stake after the expiry of three years from the completion of the first tranche.

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Kunal Manchanda

@Kunal_POV

1 year

Car-servicing startup GoMechanic has raised money after nearly 30 months. ➡️ The company raised $6 million at a valuation of $20 million. ➡️ At its peak, it was valued at around $325 million when Tiger Global led a $42 million round in November 2021

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Kunal Manchanda

@Kunal_POV

1 year

Exclusive: A new company founded by Ola founder Bhavish Aggarwal, Krutrim SI Designs is in talks to raise up to $100 Mn ➡️ Matrix has committed to invest $15 million in the company’s maiden funding round while several of Ola’s existing and new investors will also participate..

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Kunal Manchanda

@Kunal_POV

3 years

⌚️Smartwatch and wearable brand Noise revenue jumped 2.4X to Rs 372.7 crore in FY21 The bootstrapped company founded by Amit and Gaurav Khatri also posted a net profit of Rs 32.89 crore in FY21. 💰 👏 #Fintrackr story with @Tyagi0G

Bootstrapped firm Noise sales crosses Rs 370 Cr in FY21; profits up 78%

Noise is the market leader in the smartwatch segment in India and has been growing consistently for the past three financial years.

entrackr.com

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Kunal Manchanda

@Kunal_POV

11 months

Awfis has filed its DRHP for Rs 160 Cr of fresh issue and an offer for sale (OFS) of up to 10,023,172 equity shares Offloading percentage of existing shareholders: Peak XV: 32.7% of its holding Bisque Limited: 31.46% of its stake Lead Managers: ICICI, Axis, IIFL & Emkay Global

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Kunal Manchanda

@Kunal_POV

1 year

Consumer appliances brand Atomberg has raised $86 Mn in its Series C funding led by Temasek and Steadview Capital ▶️ Atomberg last raised $20 Mn led by jungle ventures. It raised nearly $130 million to date. ▶️ FY22 stats: Revenue: 356 Cr Loss: 39.3 Cr

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Kunal Manchanda

@Kunal_POV

1 year

Decoding GOAT Brands Labs: ➡️ The company posts Rs 15 crore in revenue with a loss of Rs 28.6 crore during FY22 ➡️ It has a portfolio of around 20 brands including its five recent acquisition ➡️ GOAT brands compete with Globalbees, Mensa brand, 10 Club, Evenflow, and others

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Kunal Manchanda

@Kunal_POV

2 years

#Fintrackr : News aggregator @inshorts registered $18.9 Mn (Rs 143.9 crore) revenue in FY22 while the company's losses shot up to $31.8 million (Rs 241.68 crore) in the same period. ▶️ It spent $21.63 million or Rs 164.39 crore on advertisement during FY22

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Kunal Manchanda

@Kunal_POV

2 years

NEW: B2B EdTech company Classplus buys out Matrix and Pivot Ventures’ stake in Testbook ▶ As per sources, the investment is strategic in nature and Classplus may acquire Testbook completely in the future. my story with @upadhyay_harsh1

Exclusive: Classplus buys out Matrix and Pivot Ventures' stake in Testbook

B2B edtech company Classplus has forayed into the consumer segment by acquiring a minority stake in Testbook via a secondary transaction.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

New: Fintech platform PayGlocal raises $12 million in a Series B round from Tiger Global, Sequoia and BeeNext at post money valuation of $110Mn 💰 my story with @M04SA_ via @entrackr

Exclusive: Tiger Global leads Series B round in fintech platform PayGlocal

PayGlocal has raised $12 million in a Series B funding round led by Tiger Global with participation from Sequoia Capital India and BeeNext.

entrackr.com

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Kunal Manchanda

@Kunal_POV

1 year

OfBusiness’s GMV (gross merchandise value) surged 2.14X to Rs 15,342 crore in FY23 ➡️ Its profits spiked 2.3X Rs 463 crore in the same period. ➡️ The eight-year-old company was valued at $5 billion after a $325 million Series G round in December 2021.

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Kunal Manchanda

@Kunal_POV

11 months

Exclusive: Kota-fame Allen Career Institute is acquiring doubt clearing edtech company DoubtNut. ➡️ This would be a distress deal with some cash and stock. ➡️ Doubtnut has raised about $50 million to date and it posted Rs 26 crore in revenue during the previous fiscal.

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Kunal Manchanda

@Kunal_POV

1 year

Top 15 real and fantasy gaming startups spent over Rs 5,000 Cr on advertisements during FY22 ▶️ Dream11 spent the most followed by Games24*7 and MPL ▶️ 7 out of 15 startups are profitable ▶️ Top 5 real and fantasy gaming startups generate over Rs 8,000 Cr revenue in FY22

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Kunal Manchanda

@Kunal_POV

1 year

Mohalla Tech, the parent entity of ShareChat and short video entertainment app Moj posted Rs 533 crore revenue in FY23 ➡️ How they earn- 1. ShareChat Coin, the in-app virtual currency: 285 Cr 2. Advertisement: 255 Cr 3. Gaming platform "Jeet11": 13 Cr

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Kunal Manchanda

@Kunal_POV

2 years

GOAT Brands sticks with Chumbak and four other D2C brands in an acquisition deal ▶️ GOAT is a marketplace roll-up platform that acquires (D2C) brands and scales them. ▶️ It competes with Mensa Brands, GlobalBees, Evenflow, 10club, Powerhouse91, and UpScalio among others.

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Kunal Manchanda

@Kunal_POV

2 years

#Fintrackr : Bootstrapped firm Jaro Education, another Edtech to become profitable after PW and DailyRounds ▶️ The company scaled 78.3% to Rs 85 crore and registered a profit of Rs 6.3 crore in FY22 ▶️ Jaro claimed YOY growth of 76% with a revenue of Rs 150.97 in FY23

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Kunal Manchanda

@Kunal_POV

1 year

Cars24 posted a flat scale during FY23, while the losses declined by 57%. The company generated 93% of its gross revenue from car sales. ➡️ Its financial services segment became profitable ➡️It has a total current assets of Rs 1,659 Cr including cash/bank bal. and inventory.

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Kunal Manchanda

@Kunal_POV

2 years

Exclusive: Wow Momo bags $16 million in its Series D round from V’oceanInvestment and Oaksand India. ▶ As per Fintrackr’s estimates, Wow! Momo has valued at $270 million or Rs 2,130 crore, post allotment My story with @M04SA_ via @entrackr

Exclusive: Wow! Momo kicks off Series D round with $16 Mn

Quick service restaurant chain Wow! Momo has raised $16 million or Rs 125 crore in its series D round from V’oceanInvestment and Oaksand India.

entrackr.com

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Kunal Manchanda

@Kunal_POV

2 years

Eduvanz raised over 100 cr led by Rethink Education ▶️Existing investors: Sequoia Capital, Juvo Ventures, and Unitus Ventures also participated ▶️ Sequoia holds a 32.4% stake after the allotment while new investor Rethink Education commands 5% of capital

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Kunal Manchanda

@Kunal_POV

2 years

#Fintrackr : Zerodha registered 5X growth in both revenue and profits in last 2 year FY20 Revenue= 938 cr Profits = 424 cr FY21 Revenue = 2729 cr Profits = 1122 cr FY22 Revenue = 4964 cr Profits = 2094 cr story by @upadhyay_harsh1 + @M04SA_

Zerodha posts Rs 4,964 Cr revenue and Rs 2,094 Cr profit in FY22

Zerodha’s revenue from operations grew 82% to Rs 4,964 crore in FY22 as compared to Rs 2,729 crore in FY21, according to its consolidated annual financial statements with the Registrar of Companies...

entrackr.com

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Kunal Manchanda

@Kunal_POV

1 year

Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Ant Fin through his fully-owned firm Resilient Asset Management ▶️ In consideration, Sharma's Resilient will issue OCDs worth $628 Mn to Ant Fin ▶️ Ant's stake reduced to 13.5% while Sharma will hold 19.2% post-transaction.

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Kunal Manchanda

@Kunal_POV

3 years

Kalaari Capital and Ratan Tata-backed CashKaro recorded revenue near Rs 100 Cr in FY21. The company maintained good control over the expenses and kept losses under Rs 7 Cr in the fiscal. #fintrackr story with @upadhyay_harsh1 via @entrackr

CashKaro nears Rs 100 Cr revenue in FY21, costs in control

Gurguram-based CashKaro, backed by Kalaari Capital and Ratan Tata, has recorded 74% growth in its operating income in FY21.

entrackr.com

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Kunal Manchanda

@Kunal_POV

3 years

👨‍🏫Edtech platform Doubtnut recorded Rs 2 crore operating revenue in FY21 with 3.9X jump in losses to Rs 102.32 crore. #Fintrackr story with @upadhyay_harsh1

Six-year-old Doubtnut spent Rs 105 Cr to earn Rs 2 Cr in FY21

Doubtnut was in advanced talks with Byju’s to get acquired but the deal fell through at the last moment due to differences over valuation.

entrackr.com

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Kunal Manchanda

@Kunal_POV

1 year

Lending platform @CASHeApp double its revenue with over 7X growth in their net profit during FY22 Revenue: Rs 247.91 crore PAT: Rs 33.88 crore ▶️ CASHe claims over Rs 7,200 crore of disbursal across 2.1 million loans. Its app has been downloaded over 30 million times

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Kunal Manchanda

@Kunal_POV

1 year

After a month of announcing the merger with North East Small Finance Bank (NESFB), Slice has raised $9 million or Rs 75 crore in debt round. ➡️ The debt funding may exceed up to Rs 300 crore, according to the regulatory filing. ➡️ Slice alone raised $340 Mn to date.

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Kunal Manchanda

@Kunal_POV

2 years

Hike posted Rs 19 crore revenue in FY22 against a loss of Rs 118.7 crore in the same period. ▶️ Hike's total outstanding loss registered at Rs 1,775 crore. ▶️ Total funding raised by the company is $261 Mn across 8 rounds. 👉 Let's see how the new model "Rush by Hike" works.

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