TheKredible: Monthly Funding Highlights Indian startups raised over $1 billion in funding this October, amassing a total of $1.2 billion across 119 deals. Growth and late-stage startups led the charge, accounting for 28 deals and contributing $846.2 million to the total.

#Google-funded Cuemath posts flat revenue in FY24, shrinks losses by 43% 🔸Cuemath saw its revenue grow only 5% to Rs 126.4 Cr in FY24. While it managed to reduce its losses by 43%. 🔸Revenue growth was primarily driven by increased collections from teaching services. #Cuemath

MPL's operating cash flow turns positive to Rs 157 Cr in FY24 🔹MPL’s Revenue Surge: Despite regulatory hurdles, M-League, the parent company of MPL, reported a 22.2% YoY revenue growth to Rs 1,068 crore in FY24.

Lenskart posts Rs 5,609 Cr revenue in FY24 ◾️Operating revenue: Rs 5,427 Cr [43% ⬆️] ◾️Loss: Rs 10 Cr [84% ⬇️] => In June, Lenskart raised $200 Mn in secondary funding, followed by $20 Mn in which founder Peyush Bansal also participated. => Current valuation: $5 Bn =>

NEW: Omnichannel eyewear retailer Lenskart sustained its growth trajectory in the fiscal year ending March 2024, though at a slower pace compared to the substantial 2.5X YoY increase observed in FY23. A🧵on Lenskart FY24 numbers.

Lenskart’s revenue from operations rose by 43% to Rs 5,427.7 crore in FY24 from Rs 3,788 crore in FY23. The sale of products increased 43.1% to Rs 5,166.2 crore. This stream formed 95.18% of the firm’s total collection in the said fiscal year. 🧵continues...

Notably, the firm made Rs 3,154.5 crore or 58% of its revenue from India. The firm appears to be a leading Indian consumer internet company globally, as 42% of its income (Rs 2,273 crore) came from overseas markets including Japan, Singapore,Taiwan and China. 🧵continues...

Eyewear retailer Lenskart reported a 43% surge in revenue from operations, reaching Rs 5,427.7 crore in FY24. At the same time, it significantly reduced its losses by 84%, bringing them down to Rs 10 crore. The company’s ROCE stood at 2.28%, while its EBITDA margin was 15.25%.

AstroTalk’s revenue from operations surged 2.3X to Rs 651.12 crore in FY24, with profits soaring 12X to Rs 100 crore As per TheKredible, startups in this sector—including AstroTalk, Vama, Ustav App, InstaAstro & others have raised nearly $60 million in the past 15 months.

#Snippets: AppsForBharat announces ESOP buyback for 25 employees entrackr.com/snippets/appsf…

Third Wave Coffee's EBITDA margin and ROCE stood at -35.52% and -35.28%, respectively. The company’s current assets jumped 5X to Rs 223.2 crore while cash and bank balances grew to Rs 120.4 crore from Rs 8.06 crore in FY23. More at Entrackr: entrackr.com/fintrackr/thir…

#FINTRACKR: Paper Boat posts Rs 585 Cr revenue in FY24; cuts losses by 48% ◾Launched by former Coca-Cola executives Neeraj Kakkar and Niraj Biyani, Paper Boat sells packaged juices, coconut water, traditional Indian snacks, and dry fruits. ✍️ Priyanshu entrackr.com/fintrackr/pape…

𝗧𝗵𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗝𝗼𝘂𝗿𝗻𝗲𝘆 𝗼𝗳 𝗶𝗱𝗲𝗮𝗙𝗼𝗿𝗴𝗲: Founded in 2007 by Ankit Mehta, Rahul Singh, and Ashish Bhat, drone technology startup ideaForge Technology Limited secured its first angel investment in 2009 from Sujata Vemuri and subsequently launched its first autonomous micro

Ferns N Petals spent Rs 1.04 to earn a rupee of operating revenue in FY24. The Gurugram-based company reported Rs 84 crore in cash and bank balances and had a current asset of Rs 130.25 crore as of FY24. According to TheKredible, it has secured $27 million in funding to date.

India powered Ferns N Petals' growth with Rs 443.58 crore in revenue last fiscal, contributing 63% of the total revenue!

Shraddha - Backed Power Gummies recorded a revenue drop of over 20% in FY24, declining to Rs 17.55 crore from Rs 22.04 crore in FY23. Founded by Divij Bajaj , Power Gummies revolutionizes health and nutrition with tasty, chewable, and effective vitamin supplements.

PharmEasy reduced its losses by 51% to Rs 2,533 crore in FY24, while its revenue from operations declined by 15% to Rs 5,664 crore. According to TheKredible , the company has raised approximately $1.1 billion to date, backed by investors like Ranjan Pai’s MEMG, Prosus, Temasek.

Fintech startup Stable Money Stable Money saw its revenue increase over 8x, reaching Rs 2.76 crore in FY24 from Rs 32 lakh in FY23. Founded by Saurabh Jain and Harish Reddy , Stable Money is a fixed-return investment platform focused on reinventing India's favorite asset

Zepto powers ahead with a $350M funding round led by Motilal Oswal Private Wealth! This brings its 2024 funding total to a whopping $1.35 Bn. Via Entrackr #Zepto #Funding #QuickCommerce entrackr.com/news/zepto-rai…

🚨The Centre has passed the Online Gaming Bill, proposing a blanket ban on real-money games in India. ▶️The Bill ends the “skill vs chance” debate by treating all money games illegal Read more Entrackr entrackr.com/news/govt-kill…