TheKredible

Mumbai-based mental health platform Amaha reported a 64.7% growth in revenue to Rs 22.76 crore in FY24, up from Rs 13.82 crore in FY23. Founded by Amit Malik and Neha Kirpal, Amaha provides a comprehensive range of mental health services, including self-care tools, therapy sessions, psychiatric care, and peer support, aiming to bridge the mental health treatment gap in India. Read more at: https://lnkd.in/gdFP-pEM #fy24 #financials #amaha #mentalhealth #startup

Bebe Burp posted a revenue growth of over 2.3x, reaching Rs 6.24 crore in FY24 compared to Rs 2.67 crore in FY23. Bebe Burp, is an organic baby food brand, specializes in preservative-free, sustainably sourced products like millet porridge, rice porridge, wheat cookies, and ragi cookies, ensuring optimal nutrition for infants. Read more at: https://lnkd.in/gAeTUfw2 #fy24 #financials #bebeburp #startup

Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream11 pivoted to freemium fantasy sports in 2012. In 2015, it raised Series A funding from Kalaari Capital and Think Investments, followed by Series B and Series C in 2016 and 2017, respectively. In February 2018, it appointed Vikrant Mudaliar as Chief Marketing Officer, followed by the appointment of MS Dhoni as brand ambassador in March 2018. In September 2018, it raised $100 million in funding from Tencent. In April 2019, it became India’s first gaming unicorn. In August 2020, it replaced Vivo as the IPL title sponsor. In September 2020, it secured $225 million in a mix of primary and secondary funding led by Tiger Global Management, TPG Technology Consulting Ltd., and others. Then, in March 2021, it raised $400 million in a secondary round led by TCV, D1 Capital Partners L.P. , and Falcon Edge. In October 2021, it suspended its operations in Karnataka after an FIR was filed against the founders for violating the new law banning wagering and betting in online games. In November 2021, it raised $840 million in a new round at an $8 billion valuation. In March 2022, it appointed Kartik Aaryan and Samantha Prabhu as brand ambassadors. It launched its mobile payments app, DreamX, in April 2023. In July 2023, it replaced Byju’s as the lead sponsor of the Indian cricket team. In October 2023, it discontinued its investment arm, Dream Capital, and received a ₹28,000 crore GST notice from DGGI Mumbai Zone. It reached 200 million users in October 2023, despite 28% GST challenges. In September 2024, Tencent is set to sell its Dream11 stake to the Singapore-based firm Tiga. For more insight, visit: https://lnkd.in/gc9juvdQ #dream11 #fantasy #timeline #funding #investment #unicorn #ipl

Junio’s revenue surged by 2.28x to Rs 7.28 crore in FY24, up from Rs 3.19 crore in FY23. Founded in 2020 by Ankit Gera and Shankar N., Junio aims to instill financial discipline in children from an early age. Headquartered in Delhi, the company has positioned itself as a pioneer in the kid-focused fintech space, simplifying money management for young users while ensuring parental control. Read more at: https://lnkd.in/gcnQCqP5 #fy24 #financials #junio #fintech

Direct-to-consumer (D2C) innerwear brand Bummer posted a revenue of Rs 9.29 crore in FY24, reflecting an 18.6% increase from Rs 7.83 crore in FY23. Founded in 2020 and headquartered in Ahmedabad, Bummer specializes in sustainable, ultra-soft innerwear made from MicroModal fabric. The brand caters to India’s 200M+ digital millennials with a fun and comfortable product range, including underwear, t-shirts, bralettes, and loungewear. Read more at: https://lnkd.in/gSHHbD8V #fy24 #financials #bummer #startup

𝗧𝗵𝗲𝗞𝗿𝗲𝗱𝗶𝗯𝗹𝗲: 𝗪𝗲𝗲𝗸-𝗼𝗻-𝗪𝗲𝗲𝗸 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗧𝗿𝗲𝗻𝗱 [Feb 17 - Feb 22] Startup funding dipped nearly 51% to $184.40 million, compared to $375.52 million raised the previous week. The average funding over the past eight weeks stands at $308.29 million, with 26 deals per week. Get the complete report: https://lnkd.in/gdZPaBDW #startupfunding #weeklyupdate #fundingtrends #investment #vc #startups #fundingreport #startupecosystem #thekredible

𝗧𝗵𝗲𝗞𝗿𝗲𝗱𝗶𝗯𝗹𝗲: 𝗪𝗲𝗲𝗸𝗹𝘆 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱-𝗨𝗽 🚀 Indian startups raised approximately $184.4 million this week across 22 deals, with growth-stage funding leading at $151 million from 9 deals, while early-stage funding accounted for $33.4 million across 12 deals. Additionally, 1 deal remained undisclosed, 4 key hires were announced, 2 departures took place, 2 new funds were launched, 7 mergers and acquisitions occurred. Get the complete report: https://lnkd.in/gdZPaBDW #WeeklyFunding #IndianStartups #StartupEcosystem #Investments #Funds #KeyHirings #Acquisitions #Mergers #esop #buyback

Mobileware Technologies posted a revenue of Rs 17.06 crore in FY24, up from Rs 10.93 crore in FY23. Mobileware Technologies specializes in API banking and digital payment solutions, catering to clients in the banking, insurance, and financial services sectors. Initially focused on mobile application development for platforms like Symbian, Blackberry, iOS, and Android, the company transitioned into mobile banking and digital banking products in 2013, leveraging its founders’ expertise in banking and telecom. Its product offerings include bill payment solutions, Aadhaar-enabled payments, UPI-based transactions, and a comprehensive mobile banking platform. Read more at: https://lnkd.in/gnX5cGb9 #fy24 #financials #mobileware #fintech

𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗧𝗲𝗰𝗵 𝗦𝘁𝗼𝗰𝗸 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁: Weekly Performance Review Indian tech startup stocks had a mixed week, with 14 out of 29 closing in the green and 15 in the red. 𝗧𝗼𝗽 𝗚𝗮𝗶𝗻𝗲𝗿𝘀: * Veranda Learning led the gains with a 17.5% surge * Zomato followed with a 6.4% increase * Awfis Space Solutions Limited and Paytm rose 6.3% and 5.8%, respectively 𝗧𝗼𝗽 𝗗𝗲𝗰𝗹𝗶𝗻𝗲𝗿𝘀: * RateGain saw the steepest drop, falling 13.2% * BlackBuck (Zinka Logistics Solutions Ltd) declined by 9.6% * Yatra Online Ltd. and TBO.COM faced losses of 8% and 7.3%, respectively #StockMarket #Updates #Nifty50 #Sensex #Veranda #Zomato #Awfis #Paytm #Blackbuck #Yatra #TBOTek

trica, a LetsVenture company specializing in equity management and growth-stage investments, reported a revenue of Rs 3.65 crore in FY24, down from Rs 5.68 crore in FY23. Founded in 2021 and headquartered in Mumbai, Trica provides a suite of technology-driven solutions for equity management and private market investing. Its key offerings include "Trica Equity," a SaaS platform for cap table and ESOP management, and "Trica Capital," which facilitates investments for family offices and ultra-high-net-worth individuals (UHNIs) in growth and pre-IPO companies. Read more at: https://lnkd.in/gSMsXgHC #fy24 #financials #trica #letsventure #startup