TheKredible

𝗧𝗵𝗲𝗞𝗿𝗲𝗱𝗶𝗯𝗹𝗲: 𝗪𝗲𝗲𝗸𝗹𝘆 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 Indian startups raised a total of $54.43 million this week across 18 deals. Early-stage funding led the charge, contributing $41.43 million from 13 deals, while growth-stage funding accounted for $13 million across 2 deals. Details of 3 deals remain undisclosed. The ecosystem also saw the launch of 2 new funds, 3 mergers and acquisitions, and an ESOP buyback. For detailed and complete data, visit: https://lnkd.in/dv-JdrVu  #weeklyfunding #indianstartups #investments #esop #acquisitions #funding

Bengaluru based, Turnip reported a marginal revenue increase of 1.82% in FY24, reaching Rs 3.36 crore compared to Rs 3.30 crore in FY23. Founded by Pooja Dubey and Aditya Sharma, Turnip is building the “Livestreaming and Esports Platform for Mobile Gamers”, aiming to redefine community experiences in the gaming industry.Turnip enables gamers and content creators to build interactive communities with features like audio-video chats, esports hosting, and masterclasses, catering to over 5 million users globally across India, SEA, LATAM, MENA, the US, and Europe. Read more at: https://lnkd.in/gCQ-8g4b #fy24 #mobilegaming #gaming #startup #financials #esports #livestreaming #startup

𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗧𝗲𝗰𝗵 𝗦𝘁𝗼𝗰𝗸 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁: 𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗥𝗲𝘃𝗶𝗲𝘄 Startup tech stocks experienced a robust rally this week, with 26 out of 32 companies recording positive growth. Ola Electric led the surge with an impressive 26.2% increase in stock price, followed by Mamaearth, which rebounded strongly with a 16.6% rise after a challenging previous week. Recently listed foodtech giant Swiggy also saw a significant 12.9% gain, while Fino Payments Bank Ltd (12.8%), EaseMyTrip.com (12.4%), Tracxn (11.5%) also posted positive gains this week. On the other hand, Yudiz Solutions and Delhivery faced declines, with their stock prices dipping by 5.3% and 2.7%, respectively. Overall, this week marked a positive trend for the startup tech space, with most players witnessing notable growth. #StockMarket #Updates #OlaElectric #Mamaearth #Swiggy #EaseMyTrip #Delhivery

Mumbai-based Nayam Innovations Pvt. Ltd. recorded a 78% rise in revenue in FY24, reaching Rs 1.09 crore compared to Rs 61.28 lakh in FY23. Founded by Tanuj Gigras, Nayam Innovations' novel technology platform enables surgeons to tailor IOLs before or after cataract surgeries, neutralizing conditions like astigmatism, myopia, and hyperopia. This eliminates the need for post-surgery interventions such as LASIK or progressive spectacles. The platform also aims to reduce the manufacturing cost of hydrophobic foldable IOLs to make them accessible to patients across socio-economic strata. Read more at: https://lnkd.in/gFpjpfdr #fy24 #financials #healthtech #startup #healthcare

Gurugram-based Knorish witnessed a revenue increase of nearly 49% in FY24, reaching Rs 3.95 crore from Rs 2.65 crore in FY23. Founded by Kinner N Sacchdev and Rakhi Wadhwa, Knorish empowers hobbyists, professionals, and experts to monetize their knowledge through custom-branded online courses, webinars, and coaching programs. Its comprehensive features include multimedia-rich course builders, automated sales funnels, mobile app creation, and integration with global payment gateways. The platform simplifies live webinars, hosting up to 500 participants via integrated Zoom functionalities, and supports robust performance tracking and automation. Read more at: https://lnkd.in/gbwtdd2X #fy24 #financials #knorish #edtech #startup #coursebuilders

Axestrack, a digital logistics platform, reported a revenue growth of 38% in FY24, registering Rs 39.33 crore compared to Rs 28.52 crore in FY23. Founded in Jaipur by Rahul Yadav and Atul K., Axestrack manages 110,000+ commercial vehicles and operates in 250+ cities through its 350+ partners. Its product offerings include an AI-powered supply chain control tower, GPS/telematics solutions, and ERP integrations, enabling clients to optimize fleet operations and achieve business excellence. Read more at: https://lnkd.in/g5rz4nu3 #fy24 #financials #axestrack #supplychain #logistics #startup

Bengaluru-based Log9 Materials revenue grew by nearly 48% in FY24, reaching Rs110.37 crore from Rs 74.43 crore in FY23. Founded by Akshay Singhal, Kartik Hajela and Pankaj Sharma, Log9 specializes in graphene nanotechnology and develops cutting-edge energy storage systems, including Rapid Charging Batteries for two- and three-wheelers and Aluminum Fuel Cells for long-haul vehicles. Its RapidX battery range is renowned for 9x faster charging, extended lifespan, and superior safety. The company also partners to build an EV charging infrastructure across India, furthering its vision of clean and sustainable mobility. Read more at: https://lnkd.in/gjn2Q5vB #fy24 #thekredible #log9materials #greenenergy #battery #batterytechnology #ev #evinfrastructure

Premium coffee chain SLAY Coffee reported a decline in revenue for FY24, registering ₹7.47 crore compared to ₹15.97 crore in FY23, reflecting a decrease of over 53%. Founded by Chaitanya Chitta and Lakshmi Dasaka, SLAY Coffee operates across 160+ locations in 19 cities. It serves customers through three primary channels: SLAY Cloud (online orders), SLAY Coffee Bars (quick-service outlets), and SLAY Packaged Coffees (home-use products). The brand offers coffee grounds, beans, protein bars, freeze-dried instant coffee, and non-caffeinated beverages. Read more at: https://lnkd.in/gePjMES6 #fy24 #financials #thekredible #slaycoffee #coffeebrand #rebelfoods

Bengaluru based, BeepKart posted a 2.5x revenue growth in FY24, reaching Rs 100.39 crore from Rs 39.33 crore in FY23. Founded by Hemir Doshi and Abhishek Saraf, BeepKart enhances mobility with a digital-first platform for high-quality, refurbished two-wheelers. It offers trust, convenience, verified sellers, assured buyback, flexible returns, and at-home services, providing affordable, like-new bikes to meet India’s growing demand for personal mobility. Read more at: https://lnkd.in/gbV-Z2Wq #beepkart #financials #fy24 #automotivetech #thekredible #twowheeler #marketplace

Chennai-based Vajro's revenue remained nearly flat in FY24, declining slightly to ₹22.10 crore from ₹24.37 crore in FY23. Founded by Niwin Santhosh and Raghuraman Ramamurthy, Vajro empowers over 5,000 Shopify and Shopify Plus brands to build customized mobile apps in under 60 minutes, driving sales and customer retention. Features like live selling, push notifications, and integration with 60+ plugins enhance mobile shopping experiences. Trusted by fast-growing DTC brands, Vajro redefines loyalty with app-exclusive benefits and deep business insights. Read more at: https://lnkd.in/gupnQkRn #fy24 #financials #thekredible #vajro #shopify #ecommerce #dtcbrands