TheKredible

Codebuddy Pvt. Ltd. reported a slight decline in revenue for FY24, registering ₹5.80 crore compared to ₹6 crore in FY23. Codebuddy, founded by Abhishek Gupta and headquartered in Kolkata, specializes in innovative IT solutions, including website and app development, SaaS offerings, and remote team services. Catering to B2B clients, the company focuses on providing tailored software solutions across UI/UX design, WordPress development, mobile app development, and DevOps, helping businesses streamline their operations. Read more at: https://lnkd.in/gjTp6Pav #fy24 #financials #codebuddy #software #development #startup

Founded in 2018 by Mukul Rustagi and Bhaswat Agarwal, edtech startup Classplus raised $1.6 million in its maiden funding round led by Times Internet in May 2019. This was followed by a $2.5 million funding round in February 2020, led by Surge Ventures and Blume Ventures. In May 2020, Classplus raised $9 million in a Series A round led by RTP Global and, the following month, acqui-hired Merak.ai. In September, it raised an additional $10 million and later that year onboarded Sourav Ganguly as its brand ambassador. In June 2021, Classplus raised $65 million in a Series C round led by Tiger Global Management. Early in 2022, the company appointed Manish Chawla as its CTO and secured $70 million in a Series D round led by Tiger Global and Alpha Wave Global. In September 2022, Classplus acquired a stake in Testbook via a secondary transaction. However, in August 2023, the company faced controversy when its acquisition of Saarthi went awry, leading Saarthi's co-founders to file a lawsuit against Classplus for breach of trust. In February 2024, Classplus conducted its second ESOP buyback, allowing 150 employees to liquidate their vested shares. Later in May 2024, the company launched its first college in Bengaluru, offering offline BTech courses. For more details, visit: https://lnkd.in/gptxxfEa #classplus #edtech #journey #timeline #funding

Cogos Technologies Pvt Ltd recorded a slight revenue decline of 5.5%, with FY24 revenue at Rs 56.13 crore compared to Rs 59.40 crore in FY23. Founded in 2016 by Prasad Sreeram and Rama Mohan Katta, Bengaluru-based Cogos operates across 25 Indian states with ambitions to expand PAN India. It provides a one-stop solution for intra-city logistics, focusing on empowering truckers and optimizing supply chains through cutting-edge technologies. Read more at: https://lnkd.in/gFXwnTsq #fy24 #financials #cogos #logistics #startup #supplychain

𝗦𝘄𝗶𝗴𝗴𝘆 𝘃𝘀 𝗭𝗼𝗺𝗮𝘁𝗼 𝗶𝗻 𝗤𝟮 𝟮𝟬𝟮𝟱 Zomato outperformed Swiggy in financial metrics Zomato reported an operating revenue of ₹4,799 crore and a profit of ₹176 crore, while Swiggy’s operating revenue stood at ₹3,601 crore, accompanied by a loss of ₹625 crore. In the grocery segment, Swiggy's Instamart generated ₹490 crore in revenue, compared to ₹1,156 crore by Zomato's BlinkIt. Similarly, Zomato led in food delivery services revenue, recording ₹2,012 crore compared to Swiggy’s ₹1,577 crore. For more details, visit:: https://lnkd.in/gZZCWDjy For more details, visit: https://lnkd.in/gZJwDx7p Deepinder Goyal Sriharsha M. #Swiggy #Zomato #Instamart #Blinkit #Financials #Q2

𝗧𝗵𝗲𝗞𝗿𝗲𝗱𝗶𝗯𝗹𝗲: 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁 On a monthly basis, November saw a 19% decline in funding from $1.2 billion in October to $971.61 million. Total funding for the first 11 months of 2024 reached approximately $13.2 billion, surpassing the $11 billion total recorded for all of 2023. For Year-on-Year funding trend, visit: https://lnkd.in/dv-JdrVu #fundingtrend #funding #startups #indianstartups

Fintech startup, Cube Wealth’s revenue grew by 7.2% to Rs 1.94 crore in FY24, up from Rs 1.81 crore in FY23. Founded Satyen V Kothari, Cube Wealth is a financial advisory firm that offers a range of investment services, including mutual funds, SIP investments, retirement planning, and fixed deposits, with a focus on simplifying wealth creation for busy professionals. Read more at: https://lnkd.in/gTYJ3Tgh #fy24 #financials #cubewealth #investment #financialadvisory #fintech

𝗧𝗵𝗲𝗞𝗿𝗲𝗱𝗶𝗯𝗹𝗲: 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 R𝗲𝗽𝗼𝗿𝘁 In November, Bengaluru startups led in deal volume with 28 deals, followed closely by Delhi-NCR with 26 deals and Mumbai with 14 deals. However, in terms of total funding raised, Mumbai took the lead with $420.63 million, accounting for 43.29% of the month’s funding. Delhi-NCR secured the second spot with $260.8 million (26.84%), while Bengaluru raised $119.09 million, contributing 12.26% to the overall total. For segment-wise no. of deals, visit: https://lnkd.in/dv-JdrVu #citywisefunding #startups #funding #bengaluru #delhi #mumbai

𝗧𝗵𝗲𝗞𝗿𝗲𝗱𝗶𝗯𝗹𝗲: 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 Indian startups raised $971.6 million in funding across 90 deals in November, marking a 19% decline from the $1.2 billion raised in October. ● Growth-stage startups dominated, securing $708.12 million through 14 deals, while early-stage startups contributed $263.5 million across 67 deals. ● The month also saw significant workforce changes:     ▸ 110 employees were laid off across 2 startups.     ▸ 35 key hirings were made.     ▸ 9 top-level executives departed.     ▸ 1 startup ceased operations. For detailed and complete data, visit: https://lnkd.in/dv-JdrVu #startupfunding #monthlyupdate #fundingtrends #investment #vc #startups #fundingreport #startupecosystem #thekredible

QSR chain Biryani Blues, recorded a revenue growth of over 11% in FY24, reaching Rs 76.73 crore, compared to Rs 69.14 crore in FY23. Founded by Raymond Andrews and Aparna Andrews, Biryani Blues aims to bring authentic Hyderabadi flavors to North India through its QSR model. The brand focuses on delivering high-quality, aromatic biryanis, packaged in earthen pots to preserve freshness. With over 68 outlets and 2 million biryanis served annually, Biryani Blues has become a popular name, known for offering value for money and a delightful dining experience. Read More at: https://lnkd.in/gE4HGJRb #fy24 #financials #biryaniblues #rebelfoods #biryani #qsr

𝗧𝗵𝗲𝗞𝗿𝗲𝗱𝗶𝗯𝗹𝗲: 𝗪𝗲𝗲𝗸-𝗼𝗻-𝗪𝗲𝗲𝗸 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗧𝗿𝗲𝗻𝗱 [𝟮𝟱 - 𝟯𝟬 𝗡𝗼𝘃] On a weekly basis, startup funding dwindled 90.9% to $54.43 million as compared to around $596 million raised during the previous week. The average funding in the last eight weeks stands at around $263 million with 24 deals per week. For detailed and complete data, visit: https://lnkd.in/dv-JdrVu #startupfunding #weeklyupdate #fundingtrends #investment #vc #startups #fundingreport #startupecosystem #thekredible