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Tyagi

@Tyagi0G

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Following
369
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Startups | Finance | Petrolhead | Ex- The Ken, Entrackr , The Captable (YourStory)

Gurgaon, India
Joined July 2015
Don't wanna be here? Send us removal request.
@Tyagi0G
Tyagi
3 years
#Zoho collected around $700 Mn from 12 geographies around the world with $256 Mn in profits. Represents how @svembu built a bootstrapped company in India for the world with rock solid unit economics. My report with @jaivardhan88
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@Tyagi0G
Tyagi
5 months
Soooooo, we had cute thing over the weekend .
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@Tyagi0G
Tyagi
3 years
#Zerodha 's profit surged 2.6X to Rs 1122 Cr in FY21. Incremental improvement in margins even with 3X growth highlights the sustainability of its growth model as a bootstrapped company, compared to other VC backed firms in the ecosystem, With @jaivardhan88
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@Tyagi0G
Tyagi
2 years
🧵After a delay of more than a year, Byjus finally filed its annual statements with the Registrar of Companies over the weekend. While an abridged statement with financial numbers was leaked to the media last month, it was missing the much-awaited AUDIT REPORT by Deloitte (1/..)
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@Tyagi0G
Tyagi
2 years
Paytm Mall's valuation has taken a 99.5% hit as investors #Alibaba & #AntFIn exit the company. @PaytmMall will be paying back these investors at a price of Rs 459/share, valuing it at around $13 Mn. Below is @PaytmMall 's journey thru the yrs. Full Report
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@Tyagi0G
Tyagi
3 years
Spent my sweet time with the latest(available) annual reports of India's most valued startup @BYJUS for #Fintrackr , in an effort to understand how the Edtech mammoth scaled operations during FY20 and here are the findings : A thread ... (1/n)
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@Tyagi0G
Tyagi
5 years
In today's dire times of flawed leadership, if there's someone we can all look upto is @RaviSinghKA jee 🙏 Doing god's work since ever.
@RaviSinghKA
ravinder singh
5 years
This little #Kurdish princess melted my heart with her beautiful smile !❤️💙 She was with her mum who came to collect the rice which our @Khalsa_Aid team was distributing in refugee camp ( #Bardarash ) in Kurdistan (Iraq). #TwitterKurds #HappyChristmas
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@Tyagi0G
Tyagi
3 years
Gurgaon bois after their first Dubai Trip. @peakgurugram
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@Tyagi0G
Tyagi
3 years
@upadhyay_harsh1 Let me clear it for you guys in the comments, Both Groww and Upstox were "priced" by the VCs while Zerodha priced itself while executing a buyback. Zerodha is the market leader, funded by its own revenues without any equity dilution of the promoters.
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@Tyagi0G
Tyagi
11 months
Exclusive🚨: Consumer electronics brand boAt's growth has sloped to 18% during FY23 posting an income of Rs 3403 Cr. The @amangupta0303 led company which delayed its IPO plans last year, is in the red for the first time during the last 5 years with an annual loss of Rs 129 Cr.
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@Tyagi0G
Tyagi
4 years
Early-stage VC @3one4Capital and @letsventurein Angel Fund pump Rs 1 crore each in the #DesiTikTok @Mitron_Tv The app which has over 10 million downloads on the play store has been valued north of Rs 12 crore in the transaction. More details coming at @entrackr
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@Tyagi0G
Tyagi
2 years
. @paraschopra led @wingify is a great example how you build a bootstrapped SaaS starup with a solid product. The company spent 71% of its costs on employee payments and brought in around $20 mn from international customers in FY21. #FINTRACKR with @upadhyay_harsh1
@entrackr
Entrackr
2 years
#FINTRACKR : Wingify recorded a profit of Rs 51.5 crore for FY21, a 28% jump as compared to Rs 40.24 crore earned in the previous fiscal. ✍️ @Tyagi0G and @upadhyay_harsh1
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@Tyagi0G
Tyagi
3 years
Following the latest round, Ninjakart became the highest valued #Agritech startup with @Flipkart and @Walmart increased their stakes to12.53% each while #TigerGlobal remains the largest stakeholder in the company with 18.7% stake. #FINTRACKR
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@Tyagi0G
Tyagi
3 years
Strong buzz: @ashneergrover is looking at filing a Rs 150 Cr personal appln for the Zomato IPO. Grover may make pledge $100 Mn 4 upcoming IPOs of Delhivery, Nykaa + Policybazaar. Good sign for the ecosystem. Mid-scale cos's founders supporting late stage ones in public market.
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@Tyagi0G
Tyagi
2 years
Hello Tweeple 👋🏼 Have joined the good people at @TheKenWeb to work along with a super team of reporters. Looking forward to put out data backed stories on everything Startups. DMs open 🙃
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@Tyagi0G
Tyagi
3 years
. #boAt ’s DRHP mentions its financials for H1 FY22, during which its revenue surged to Rs 1,548 Cr annualising to Rs 3,096 Cr. The company is on its way to registering over 2.7X jump in profits. #FINTRACKR with @jaivardhan88 Read more about the DRHP :
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@Tyagi0G
Tyagi
3 years
Even with flat revenue during FY21, the @Lenskart_com has managed scale #profits 4.6X to Rs 29 Cr in FY21. This is mainly due to the 83.5% growth in its non-operating income which stood at Rs 127 Cr during the last fiscal. Report with @jaivardhan88 :
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@Tyagi0G
Tyagi
2 years
@Sankarshananan All you need is a bunch of friends from Delhi along with some cricket equipment (wickets/bats) conveniently placed in a balck Scorpio.
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@Tyagi0G
Tyagi
4 years
Just realised that I complete a full year here at @entrackr today. Coming from an Audit/Tax bckground, I had no clue about publishing or how to frame a story(still wrking on dis) but it has been a great place to learn. Thank u @jaivardhan88 for being patient and a superb boss 1/3
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@Tyagi0G
Tyagi
1 year
‘Luru dreams.
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@Tyagi0G
Tyagi
3 years
Apart from the remuneration structure #Zerodha ’s board has also approved a resolution to invest upto Rs 1500 cr from surplus funds of the company in other businesses. #Fintrackr exclusive with @jaivardhan88
@entrackr
Entrackr
3 years
Zerodha’s board has passed a special resolution approving a remuneration of up to Rs 100 Cr per annum each to Nikhil Kamath, Nithin Kamath and Seema Patil
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@Tyagi0G
Tyagi
4 years
What started out as an effort to look past lofty valuations and fancy vanity metrics often raved about has finally culminated into a product. Spent the 2nd half of last year mining data with the curiosity to understand the ground realities of startups in the Indian ecosystem (1)
@entrackr
Entrackr
4 years
Announcing our new product  #Fintrackr where you can access the financial performance of startup poster boys, unicorns, and category leaders at one place #startup #Unicorn #financial #funding #ESOP
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@Tyagi0G
Tyagi
3 years
🚨🚨Data collaboration startup @AtlanHQ raised $50 Mn in its Series B round led by @SalesforceOrg and @sequoia at a valuation of $450 Million. Co-founders @prukalpa and @bankavarun have sold also sold shares worth $2mn in a secondary transaction. Refer to shareholding below :
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@Tyagi0G
Tyagi
3 years
Two years at @entrackr , miss goofing around the office sometimes. 🙃 #ThrowbackThursday
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@Tyagi0G
Tyagi
3 years
. #fintech startup Perfios has raised around $70 mn from existing investors Warburg Pincus and Bessemer India. As per #FINTRACKR estimates,the company has been valued around $400Mn in its Series C round. Full report with @upadhyay_harsh1 :
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@Tyagi0G
Tyagi
2 years
#AI generated image of every Delhi/Gurgaon guy in goa rn.
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@Tyagi0G
Tyagi
3 years
. @Dream11 relied heavily on advertising to drive downloads on its app solely through APKs since the app is not available on the Playstore. AD & Promo expenses were the biggest cost centre in FY20, making up 71.1% of the annual costs #Fintrackr with @jaivardhan88
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@entrackr
Entrackr
3 years
#Fintrackr : Dream11 is perhaps the only unicorn in the consumer internet space in India with a hefty profit. Sporta Technologies, which operates fantasy gaming platform Dream11 posted Rs 180.8 Cr of profit in FY20. 👉 Story by @jaivardhan88 and @Tyagi0G
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@Tyagi0G
Tyagi
2 years
The Edtech giant's independent auditors have given an " Adverse Opinion" on Byjus's financial statements for FY21, which means they have sufficient evidence to conclude that the F/S contain material misstatements and do not represent its financial position fairly (2/..) 🔍
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@Tyagi0G
Tyagi
2 years
Everry 2-3 months my parents try to give me a surprise visit and today was one of those days.These Qts always forget that i have to approve their entry on Mygate 🙃 Technology is amazing.
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@Tyagi0G
Tyagi
3 years
According to #FINTRACKR estimates, @MilkCountry has raised the new round at a post-moneyvaluation of Rs 4410 Cr or $580 Mn. This is more than 3X jump as compared to its Series C round valuation of $170 Mn. Exclusive report with @upadhyay_harsh1
@entrackr
Entrackr
3 years
Country Delight raises $65 Mn in Series D round Story by @upadhyay_harsh1 and @Tyagi0G
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@Tyagi0G
Tyagi
4 years
Aching to get my hands on the filings of this transaction. Looks like all backers made bank 💸🤑. Sources assert that it's an all-cash deal in the tune of $150 million, will be out with juicy details soon.
@entrackr
Entrackr
4 years
Byju’s is in late-stage talks to acquire multilingual instant doubt clearing app Doubtnut @BYJUS @DoubtnutApp #edtech #startup #acquisition
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@Tyagi0G
Tyagi
3 years
The tech journo urge to swell up a startup’s valuation 10x for a delusional “Unicorn” headline.
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@Tyagi0G
Tyagi
2 years
🚨Ninjacart raises fresh money from two new investors STIC and Mainstreet Digital at a valuation of $815 million. The #agritech startup had last raised $145 million from @Flipkart and @Walmart in a strategic round earlier this year. @entrackr Exclusive:
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@Tyagi0G
Tyagi
3 years
The growth story continues for @RockWithboAt as the consumer electronics startup saw its revenues surge 2.2x to Rs 1,512 Cr in FY21 with a 61% jump in profits. #FINTRACKR report with @jaivardhan88
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@Tyagi0G
Tyagi
3 years
Leading up to its much awaited IPO, @swiggy_in has alloted bonus shares to 33 equity shareholders including the founding team, @ElevCap , @Accel , @kunalb11 and @sachin_rt . #FINTRACKR Exclusive FoodTech #unicorn ’s current shareholding :
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@entrackr
Entrackr
3 years
Board at Swiggy has passed a resolution to capitalize reserves worth Rs 16,310.56 Cr and allot bonus preferences shares to 33 equity holders. Story by @Tyagi0G
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@Tyagi0G
Tyagi
3 years
Tiger Global has led the round with a $10 mn investment, joined by a clutch of angel investors including @kunalb11 @gauravmunjal @RomanSaini @maninderg13 & @atulsian Co-Founders @thesanerguy & @tanish2k have diluted their collective stake from 66.2% to 52.9% #Fintrackr
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@entrackr
Entrackr
3 years
Tiger Global leads $15.7 Mn round in Plum Insurance
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@Tyagi0G
Tyagi
3 years
As per #FINTRACKR estimates, @upstox is rasing its Series C at a valuation of $3.4 Billion. The price per share has grown 28X to Rs 98,608 as compared to Series B share price of Rs 3,514. Exclusive Break with @upadhyay_harsh1
@entrackr
Entrackr
3 years
Upstox becomes 40th unicorn of 2021 🦄
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@Tyagi0G
Tyagi
4 years
Post this round @Car_Trade will be one of the few profit-making Unicorns in India. Its Op revenues grew by 22.6% to ₹ 298.3 cr and posted a profit of ₹ 29.2 cr in FY20 #Fintrackr exclusive with @upadhyay_harsh1 Have a look at the shareholding pattern :
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@entrackr
Entrackr
4 years
Automobile classifieds portal CarTrade set to become unicorn as its valuation inches close to $1 Bn
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@Tyagi0G
Tyagi
5 years
Fun Fact: While working with @BeCureFit 's cap-table , I found out Duggu ( @iHrithik ) owns shares worth $2 mn in the company.
@entrackr
Entrackr
5 years
Mukesh Bansal’s stake jumped to Rs 680 crore in Curefit while Ankit Nagori’s holding in the company is now worth Rs 420 crore @BeCureFit @mukeshbansal06 @ankitnagori27 #curefit #founders #stake
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@Tyagi0G
Tyagi
2 years
The auditors further highlighted that the $22 Bn valued company has a "lack of personnel with adequate experience and required competence in financial reporting and internal control". Ouch🙃 (4/..)
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@Tyagi0G
Tyagi
4 years
Payments Platform @DotPe_India has kicked off Series B #funding with $23.4 Mil from @Google @InfoEdgeVC & @PayUindia .Google has acquired a 5.98% stake while PayU & InfoEdge now control 23.03% and15.55% .Valuation climbed 4x to $84 Mill #fintrackr exclusive @upadhyay_harsh1
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@entrackr
Entrackr
4 years
Shailaz Nag's startup Dot raises over $23 Mn in its Series B round led by PayU
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@Tyagi0G
Tyagi
4 years
In FY20 @CRED_club ’s losses shot up 5.9x to Rs 360.3 cr and it had an abysmal EBITDA margin of -1979.5% The Co has setup 2 new subsidiaries to start investment advisory & account aggregation business to boost collections in coming fiscal. #Fintrackr with @jaivardhan88
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@entrackr
Entrackr
4 years
#Fintrackr : CRED has posted operating revenue of Rs 52 lakh by spending Rs 378.4 crore from Rs 64 crore spent in FY19
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@Tyagi0G
Tyagi
2 years
The #WazirX Vs #binance story in a nutshell.
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@Tyagi0G
Tyagi
1 year
Couldn’t get a lot of photos at my first #techsparks but here’s me and my boi @prnvbal in that bodyguard drip.
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@Tyagi0G
Tyagi
1 year
Folks please read my story, i have exposed myself to hundreds of hungry loan sharks while researching for this credit score rigmarole . 🥲🥲
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@thecaptableco
The CapTable
1 year
Often, victims of these erroneous credit records must spend tens of thousands of Rupees to hire lawyers or credit health management services for help. And while the RBI is taking notice, there's no solution in sight: @Tyagi0G
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@Tyagi0G
Tyagi
3 years
While Interest income of Rs 451 Cr is the biggest contributor to Navi's revenues, its insurance business generated Rs 92.4 Cr during FY21. Revenue from functions such as asset management, financial advisory etc jumped 5.8X to Rs 235.6 Cr in FY21 #FINTRACKR with @jaivardhan88
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@entrackr
Entrackr
3 years
#FINTRACKR : Navi' revenues grew nearly four-fold to Rs 779 Cr in FY21; posts Rs 71 Cr profit. Story by @Tyagi0G and @jaivardhan88
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@Tyagi0G
Tyagi
2 years
In its report, Deloitte has stated problems related to Byju's revenue recognition process, determination of financial guarantees given on behalf of customers, improper estimation of sales returns & expected credit loss. Also, absence of an Accounting Manual🤔 (3/..)
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@Tyagi0G
Tyagi
3 years
During FY21 @Olacabs lost Rs 328 crore on its ride-hailing business and Rs 653.5 crore on the cab-leasing segment . The financial services and cloud kitchen segment also lost Rs 48.3 crore and Rs 77.4 crore respectively during the same period. #FINTRACKR with @jaivardhan88
@entrackr
Entrackr
3 years
Ola’s annual burn was reduced by 60.3% YoY to Rs 2007.1 Cr during FY21 primarily due to the reduced scale of operations during the pandemic hit year. Annual losses were also reduced by 49.4% YoY to Rs 1,116.6 Cr during FY21 while EBITDA margins stood -21.17% for the same period.
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@Tyagi0G
Tyagi
2 years
Two years to launching #FINTRACKR with the fabulous team at @Entrackr , 24 months full of challenges and learning which resulted in around 350 data-backed reports. Grateful to be a part of the Team pushing facts over narratives in the ecosystem @jaivardhan88 @upadhyay_harsh1
@Tyagi0G
Tyagi
4 years
What started out as an effort to look past lofty valuations and fancy vanity metrics often raved about has finally culminated into a product. Spent the 2nd half of last year mining data with the curiosity to understand the ground realities of startups in the Indian ecosystem (1)
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@Tyagi0G
Tyagi
3 years
Apart from giving a qualified opinion on @myToppr 's annual statements, its auditors highlighted "Material Uncertainty" related to the Going Concern assumption due to the complete erosion of net worth. Toppr's balance sheet sported O/S losses of Rs 339.2 Cr at the end of FY20
@entrackr
Entrackr
3 years
#Fintrackr : Edtech startup Toppr, which was recently acquired by Byju’s, saw its operating revenues grow by 49.5% to Rs 84.3 Cr during FY20 — at the cusp of edtech breakout — from Rs 56.4 Cr earned in FY19. <🧵> Story by @Tyagi0G
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@Tyagi0G
Tyagi
2 years
Gameberry Labs, the publisher behind @ludostarhd & @parchisistar managed to grow its PAT 4.3x YoY to Rs 108.6 Cr in FY21. The bootstrapped company led by @_afsaar and Govind Agrawal brought in $35.7 million from foreign customers during FY21. #Fintrackr report w @upadhyay_harsh1
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@Tyagi0G
Tyagi
3 years
I remember reading ⁦⁦⁦ @Ravisutanjani ⁩ ‘s suggestion to use CRED coins for good use. Thank you ⁦ @kunalb11 ⁩ for making this a reality. I am glad I could do some good, y’all can try too.
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@Tyagi0G
Tyagi
3 months
Flashback friday : Five years ago,i had completed my first month at @entrackr and @jaivardhan88 took the team out for drinks. It was a beautiful time working the clock with ze boys, what an era 😌
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@Tyagi0G
Tyagi
2 years
My last #Fintrackr report on @entrackr payroll as I complete my three years at this great place. It's fun to look back and see how I and the company have shaped during that time. Onto something exciting & uncomfortable now, hope to keep up with the learning. (1/..)
@entrackr
Entrackr
2 years
#FINTRACKR : Consumer lending company Kissht saw its revenue from operations contract by 31.7% to Rs 170.3 crore during FY21 from Rs 249.5 crore in FY20. ✍️ @Tyagi0G
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@Tyagi0G
Tyagi
4 years
#Hike once had 100 mn registered users across 10 regional languages lost to WhatsApp and new platforms floated by Bytedance and ShareChat. It failed to monetise its products and had amassed outstanding losses of Rs 1540 cr by the end of FY20 #fintrackr with @jaivardhan88
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@entrackr
Entrackr
4 years
#Fintrackr : Hike was burning through a large cash pile to survive without generating any meaningful revenue in its nearly a decade-old history. In FY20, the company’s operating revenue reduced by 96% to a mere Rs 13,000 from Rs 3.5 lakh in FY19
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@Tyagi0G
Tyagi
3 years
Agritech startup Bijak has raised $20 Mn in its Series B round from new and existing investors. As per #FINTRACKR estimated the company has been valued at around $ 165 Mn post this funding. #Exclusive with @upadhyay_harsh1
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@entrackr
Entrackr
3 years
Surge-backed agritech startup Bijak raises nearly $20 Mn in Series B round Story by @upadhyay_harsh1 and @Tyagi0G
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@Tyagi0G
Tyagi
3 years
. @Dream11 has tried to diversify into other segments such as sports travel, game development , and sports merch but fantasy gaming remains the mainstay of collections, accounting for 99.5% revenues which grew by 53% YoY to $340 Mn in FY21. #FINTRACKR report with @jaivardhan88
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@entrackr
Entrackr
3 years
#FINTRACKR : Dream11’s revenue from operations grew by 53% to Rs 2,554.4 Cr in FY21 as compared to Rs 1,670.2 crore earned in FY20. 👉 The company posted Rs 327 Cr profit in FY21 Story by @Tyagi0G and @jaivardhan88
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@Tyagi0G
Tyagi
3 years
Salaries of developers & other crucial functions have been skyrocketing and this is evident from Urban Company’s spend on employee benefits. These costs grew by 62% YoY to Rs 227 crore, making up 42.1% of annual costs during FY21. #FINTRACKR
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@entrackr
Entrackr
3 years
#FINTRACKR : Urban Company has recorded growth of 13.3% in operating revenue to Rs 247.7 Cr in FY21 from 218.6 Cr in FY20. Story by @Tyagi0G and @manchandakunal4
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@Tyagi0G
Tyagi
3 years
@Oyo has filed DRHP with SEBI of its much-awaited #IPO to raise ₹8,430cr constituting OFS of Rs 1,430cr giving partial exit to @SoftBank , China's #huazhugroup , Sunil Kant Munjal's Global Ivy Ventures and @A91Partners . #Fintrackr report
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@entrackr
Entrackr
3 years
SoftBank-backed Oyo is slated to raise Rs 8,430 Cr in the upcoming public offer constituting a fresh issue of Rs 7,000 Cr and an offer for sale (OFS) of Rs 1,430 Cr. Story by @Tyagi0G
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@Tyagi0G
Tyagi
3 years
🚨 New: Digital bookkeeping startup @_okcredit has decided to shut down its e-commerce enablement product OkShop in the coming months. OkShop has already stopped fresh downloads of the app as seen on Play Store. @entrackr #Exclusive by @upadhyay_harsh1
@entrackr
Entrackr
3 years
OkCredit has decided to shut down its e-commerce enablement product OkShop in the coming months. Story by @upadhyay_harsh1
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@Tyagi0G
Tyagi
3 years
Hyperlocal delivery startup @ZeptoNow has received $42.6 mn in its Series B round. Early backers @ycombinator have increased their stake to 5.07% while GladeBrook Capital and @NexusVP now control 10.43% & 20.86% respectively. #FINTRACKR
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@entrackr
Entrackr
3 years
#FINTRACKR : Decoding Zepto's latest funding round: Glade Brooks has led the Series B round with $22.5 Mn whereas Nexus Ventures and Lachy Groom have put in $7.3 Mn and 6.7 Mn, respectively.
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@Tyagi0G
Tyagi
3 years
. @Accel has increased its stake in @MensaBrands to around 18.3% post this infusion while Alphawave and @NorwestVP now control 15.4% each. #Fintrackr Exclusive with @jaivardhan88
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@entrackr
Entrackr
3 years
Amid talks with Tiger Global, Mensa Brands raises $33 Mn in a fresh round
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@Tyagi0G
Tyagi
4 years
Fintech firm @MobiKwik has raised $7.2 million in its pre IPO funding round to cover listing expenses. The post money valuation has reached $493 million in this tranche . #fintrackr report with @upadhyay_harsh1
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@entrackr
Entrackr
4 years
Mobikwik kicks off its pre-IPO funding round
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@Tyagi0G
Tyagi
3 years
Following @moglix Series F round funding and buyback of shares, #TigerGlobal stood out as the single largest shareholder in the company, controlling a 15.4% stake in the B2b procurement platform. #FINTRACKR with @jaivardhan88
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@entrackr
Entrackr
3 years
#FINTRACKR : Moglix recently concluded a $250 Mn round at a valuation of $2.6 Bn. What stood out was the company’s claim that its seed-stage investors got 80X returns through secondary transactions. < 🧵>
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@Tyagi0G
Tyagi
2 years
🚨According to @entrackr sources, Tiger Global is a common investor in both companies and has played an important role in stitching this deal together. @lybrate acquisition will mark @PristynCare 's entry into the medical consultation space. Break by @upadhyay_harsh1
@entrackr
Entrackr
2 years
Exclusive: Healthcare unicorn Pristyn Care to acquire Lybrate ✍️ @upadhyay_harsh1
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@Tyagi0G
Tyagi
3 years
Online healthcare unicorn @pharmeasyapp has introduced new stock options worth Rs 592 crore for its employees and co-founders. All 5 co-founders will be allotted shares worth Rs47.2 crore each. #Fintrackr Exclusive
@entrackr
Entrackr
3 years
PharmEasy creats new ESOP pool to reward its co-founders and employees
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@Tyagi0G
Tyagi
3 years
With the fresh infusion, @PagarBook 's valuation has shot up 2X from $50 mn in Series A round to a little over $101 mn within 6 months. @sequoia remains the largest shareholder with a 34.8% stake followed by @IndiaQuotient with 15.96% #Fintrackr exclusive with @upadhyay_harsh1
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@entrackr
Entrackr
3 years
PagarBook receives fresh investment from new investors with a two-fold jump in its valuation within six months Story by @upadhyay_harsh1 and @Tyagi0G
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@Tyagi0G
Tyagi
2 years
Today the company has announced raising $250 million from existing investors right after firing 2500 employees, one might have some questions about its corporate governance. (6/..)
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@Tyagi0G
Tyagi
3 years
According to #Fintrackr , @BankWithOpen Operating revenue grew 2.7X to a little over Rs 7.6 Lakhs while annual losses have ballooned 6.7X to over Rs 42.2 Cr in FY20.On a unit level, the neo bank spent Rs 670.4 to earn a single rupee of operating revenue during FY19-20.
@entrackr
Entrackr
3 years
Neobanking startup Open bags $100 Mn in its Series C round led by Temasek
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@Tyagi0G
Tyagi
3 years
B2B raw material procurement and financing platform @ofbusiness_com registered 72.4% jump in profits and doubled its scale of operations during FY21. Always great to see an Indian🦄 with solid fundamentals. #FINTRACKR with @jaivardhan88
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@entrackr
Entrackr
3 years
#FINTRACKR : OfBusiness’s operating revenue grew 2X to Rs 1,748 Cr in FY21 as compared to around Rs 850 Cr in FY20. 👉 The B2B unicorns posted Rs 55.7 Cr profit in FY21 Story by @jaivardhan88 and @Tyagi0G
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@Tyagi0G
Tyagi
11 months
🚨 @upGrad_edu 's auditors passed a “qualified opinion” on the company’s financials due to the material weakness of internal financial controls. The auditors detailed that the company failed to onboard subject matter experts for content delivery expenses (which amounted to Rs 264
@thecaptableco
The CapTable
11 months
Go deeper into these developments -
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@Tyagi0G
Tyagi
3 years
. @OlaElectric has been on a fundraising spree during the last 3 yrs collecting more than $850 Mn from investors.Non operating income from financial assets of Rs 105.3 Cr made up 99.2% of its annual income in FY21. #FINTRACKR report with @jaivardhan88
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@Tyagi0G
Tyagi
3 years
According to #FINTRACKR estimates, @mamaearthindia has raised the fresh funds at an estimated #valuation of $1.07 Bn marking a 42.7% jump in valuation as compared to its last funding round. Exclusive with @upadhyay_harsh1
@entrackr
Entrackr
3 years
MamaEarth turns unicorn 🦄 👉 Story by @upadhyay_harsh1 and @Tyagi0G
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@Tyagi0G
Tyagi
3 years
Breaking 🚨🚨 @policybazaar to raise Rs 6,500 Cr via IPO; becomes a public company. Here's another addition to the Indian IPO Party! Story @jaivardhan88
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@Tyagi0G
Tyagi
4 years
Aakash Institute’s healthy collections coupled with EBITDA margin of nearly 34%, one can figure out how lucrative the exam prep market is in India.
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@upadhyay_harsh1
Harsh Upadhyay
4 years
Aakash recorded gross collections of a little over Rs 1,261 crore for FY20. During the fiscal year, it recorded profits of Rs 244.7 crore.
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@Tyagi0G
Tyagi
1 year
They’ve torched several shanties and small shops barely a kilometer from my house. This is the closest I’ve been to communal violence, never thought #Gurugram would end up like this.
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@Tyagi0G
Tyagi
1 year
Nice Blr people treating me with nice Blr food at a nice Blr place.
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@Tyagi0G
Tyagi
3 years
Even with a 40% reduction in the number of orders, @zomato has managed to cut back on its losses by over 66% as to Rs 816.4 crore in FY21. EBITDA margins improved from -79.01% in FY20 to -16.17% in FY21. #Fintrackr #zomatoipo
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@entrackr
Entrackr
3 years
#Fintrackr : Zomato’s food delivery biz suffered significantly due to the coronavirus pandemic. As a result, the total number of orders placed on its platform in India decreased from 403.1 Mn in FY20 to 238.9 Mn in FY21 <🧵> Story @Tyagi0G + @jaivardhan88
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@Tyagi0G
Tyagi
3 years
The "Others 4.01%" constitute the shares held by angel investors including @DineshAgarwal @AnupamMittal & @rajeshsawhney who were the first backers of @whatfix . The former two sold partial stakes to Eight Roads Ventures, F Prime Capital & @sequoia during FY20 via secondaries
@entrackr
Entrackr
3 years
After Series D round, SoftBank has acquired 14.04% equity in Whatfix followed by Sequoia, Eight Roads and Stellaris with 14.02%, 12.62% and 12.32% stake respectively.Whatfix's early backer Helion Venture Partners has emerged as the largest shareholders with 14.38% stake.
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@Tyagi0G
Tyagi
4 years
Started working on #Fintrackr almost a year ago right before the pandemic hit. The going was tough but the tough went ahead. Grateful to have the support of the team @jaivardhan88 , @upadhyay_harsh1 , @Alok_Says @VarshaaBansal Cheers Team @entrackr !
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@Tyagi0G
Tyagi
4 years
What started out as an effort to look past lofty valuations and fancy vanity metrics often raved about has finally culminated into a product. Spent the 2nd half of last year mining data with the curiosity to understand the ground realities of startups in the Indian ecosystem (1)
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@Tyagi0G
Tyagi
4 years
I wonder how writers working for these PR-platform-masquerading-as-Media-websites sleep at night after copying #Fintrackr data to the last decimal. Also, Editors please read that copy. I sometimes leave pretty obvious easter eggs here n there
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@Tyagi0G
Tyagi
3 years
New investors @TencentGlobal and #AWI have picked up 4.5% stake each in @cars24india while @yurimilner ’ DST Global remains the largest stakeholder with 22.8% stake in the company. #fintrackr exclusive with @jaivardhan88
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@entrackr
Entrackr
3 years
New: Cars24 raises $259 Mn in a fresh round at around $1.75 Bn valuation
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@Tyagi0G
Tyagi
5 months
Last month i moved back in with ze parents after seven years. Apart from 18 traumatic arguments, Rajabeta life is treating me well for now.
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@Tyagi0G
Tyagi
3 years
. @DunzoIt generates 96% of its Op revenue from commissions collected from merchants & delivery riders. Colllections from stores grew by 58.6% to Rs 23.16 cr & commission from the riders rose by68% to Rs 20.8 cr during FY21. #Fintrackr with @jaivardhan88
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@upadhyay_harsh1
Harsh Upadhyay
3 years
Dunzo's financials on a unit level => Spent Rs 225 to earn Re 1 in FY19 => Spent Rs 13.09 to earn Re 1 in FY20 => Spent Rs 5.75 to earn Re 1 in FY21
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@Tyagi0G
Tyagi
2 years
Daddy Elon in recent times. Tsk tsk
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@Tyagi0G
Tyagi
3 years
After losing a couple of weekend football friends to it, I have sadly lost my flatmate to marriage. Kaafi Lachaar If you're looking for a flat/flatmate anywhere around Golf Course Road Gurugram, please DM :) Share for good Karma 🙏
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@Tyagi0G
Tyagi
3 years
Investors in this round: 🐯Global $18 mn @Harvard Management PE $9 mn @sequoia $21 mn Alphawave $63 mn @venturehighway $10 mn ( Note: Sequoia has invested two-thirds of its total investment in the Series E round at a discount of nearly 69%) #Fintrackr with @upadhyay_harsh1
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@jaivardhan88
jaivardhan
3 years
🚨 Moglix claimed to have become a unicorn with the new round, however, it has missed the $1 Bn valuation mark with a decent margin. As per #Fintrackr estimates, Moglix has been valued anywhere between $820-850 Mn. Read detailed analysis by @upadhyay_harsh1 + @Tyagi0G (cont...)
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@Tyagi0G
Tyagi
3 years
🚨 @DealShareIndia has raised $130 Mn in a round led by Alphawave at a valuation $1.62 Bn.Valuation has ballooned over 3.6X within 7 months. It was valued at $455 Mn in its Series D round in July 2021. #FINTRACKR Exclusive with @upadhyay_harsh1
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@Tyagi0G
Tyagi
3 years
We often discuss about high cashburn &capital allocation by startups.Some critical, others just surprised by the quantum of money going around. But I believe that most startup leaders would do a bettter job managing a crisis than the incumbent govts. Salute to the ecosystem🙏🏼
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@Tyagi0G
Tyagi
3 years
Paytm has filed its DRHP for its upcoming Rs 16,600 cr IPO, which will be the largest public issue offer since Coal India. Will be a significant wealth creation even for its shareholders #Fintrackr with @imsoumyarendra
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@entrackr
Entrackr
3 years
Paytm files DRHP with India’s markets regulator SEBI to raise Rs 16,600 Cr through IPO Story by @imsoumyarendra and @Tyagi0G
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@Tyagi0G
Tyagi
7 months
@KhuranaSanchi “Main dekh raha hu aapne aaj Shukrana nahi kiya hai 😇”
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@Tyagi0G
Tyagi
4 years
Swiggy's $800 mn tranche was actually across through different rounds with distinctive valuations. New investors @QIA_QA #Amansa Capital @GoldmanSachs @carmignac #ThinkIndiaMaster fund & Lathe Investments have joined the capable in this tranche. #Fintrackr with @jaivardhan88
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@entrackr
Entrackr
4 years
Decoding Swiggy’s $800 Mn fundraise
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@Tyagi0G
Tyagi
6 months
Her majesty is vibin’, week is made 🤝💐
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@Tyagi0G
Tyagi
3 years
With the latest infusion, @BYJUS has increased its holding to around 94.3% while founder Karan Bajaj still retains a 5.7% stake in @whitehatjunior . #Fintrackr exclusive with @jaivardhan88 #Edtech
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@entrackr
Entrackr
3 years
Byju’s infuses $376 Mn in WhiteHat Jr
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@Tyagi0G
Tyagi
3 years
. @PineLabs Chairman/Founder Lokvir Kapoor has participated in several secondary rounds, selling his shares to new & existing investors. His stake has been diluted from 6.51% in May 2020 to 2.67% as of today. #FINTRACKR Exclusive
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@entrackr
Entrackr
3 years
Pine Labs' co-founder Lokvir Kapoor offloads shares to 12 investors including Harsh Jain, Girish Mathrubootham, Alok Mittal and Sriharsha Majety. Story by @upadhyay_harsh1 and @Tyagi0G
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@Tyagi0G
Tyagi
2 years
. @Zetwerk primarily generates income catering to these large manufacturing setups with fabricated components. During FY21, it also ventured into procurement for the healthcare & apparel industry which helped boost its earnings. Report with @jaivardhan88 :
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@Tyagi0G
Tyagi
2 years
Replugging @TheKenWeb story from last month where I along with my colleagues @_Seetharaman , @shrutisonal26 , and @tam_arund tried to make some sense of Byju's FY21 numbers.
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@Tyagi0G
Tyagi
3 years
Kiranatech platform @1kkiranabazaar has raised $25 million in its Series B round led by Alpha Wave & @InfoEdgeVC . Its valuation has shot up 5.4X to $110 Million as compared to Series A. #FINTRACKR Exclusive
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@entrackr
Entrackr
3 years
1K Kirana Bazaar raises $25 Mn led by Alpha Wave Story by @Tyagi0G
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@Tyagi0G
Tyagi
2 years
Fun Fact: Apart from the standard audit fees, Byjus had to further pay Rs 3.5 Cr on account of "additional effort incurred in the audit consequent to material weaknesses observed in internal controls" to Deloitte.💸💸(5/..)
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