FoodyBuddy turns profitable in FY23 Foodtech platform FoodyBuddy achieved a remarkable 17X revenue increase in FY23, reaching Rs 1.69 crore, up from Rs 9.74 lakh in FY22. Founded in 2015, the Bangalore-based platform connects home chefs with local consumers. It has raised Rs 20.50 crore across five funding rounds, with the latest in December 2020 led by Rebel Foods. Competing with Innerchef and Cookr, FoodyBuddy is valued at Rs 31 crore, with significant stakes held by Rebel Foods and Prime Venture Partners. The company cut expenses from over Rs 4 crore in FY22 to Rs 13 lakh in FY23 and became profitable, recording Rs 1.56 crore in profit after a loss in the previous year. #FoodyBuddy #FoodTech #StartupSuccess #RevenueGrowth #FundingRounds #Entrepreneurship #InnovativeBusiness #HomeChefs #TheKredible #Startup #News #IndianStartup https://thekredible.com/blogs/foodybuddy-turns-profitable-in-fy23

AVIOM India Housing recorded 53% rise in top scale in FY23 AVIOM India Housing, a Delhi-based fintech firm, saw a 53% revenue increase in FY23, reaching Rs 241.90 crore, driven mainly by interest income. Founded in 2016 by Kaajal Aijaz Ilmi, AVIOM provides housing loans to low-income households in semi-urban areas. Despite a 56% rise in expenses to Rs 219.91 crore, the company achieved a 32% profit growth, posting Rs 16.06 crore in profits. AVIOM has raised Rs 584.31 crore across 10 funding rounds, with significant shareholders including Gojo & Company Inc. and Capital 4 Development. Its strong financial performance is highlighted by a 59% EBITDA margin and over 11% ROCE, solidifying its market position. #thekredible #AVIOMIndiaHousing #Fintech #HousingFinance #DelhiBasedCompany #FinancialPerformance #HomeLoans #ProfitGrowth #GojoAndCompany #IndianFintech https://thekredible.com/blogs/aviom-india-housing-recorded-53-rise-in-top-scale-in-fy23

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

EasyRewardz’s revenue spikes 30% in FY23, losses widen 14% EasyRewardz, a B2B loyalty management platform based in Gurugram, saw a nearly 30% revenue increase, reaching Rs 45.65 crore in FY23. The company's operating revenue rose by 31% to Rs 44 crore, with significant contributions from LPaaS retainer revenue and campaigns. However, expenses also grew by 25% to Rs 65.25 crore, driven mainly by employee benefits and material costs. Despite a 14% increase in losses to Rs 19.6 crore, EBITDA improved to -37.67%, though ROCE declined to -1,007.89%. The company, led by Soumya Chatterjee, Angad Singh, and Tejas Kadakia, secured Series B funding from IIFL Finance in 2022. #thekredible #StartupNews #Startup #News #EasyRewardz #BusinessPerformance #GurugramStartups #EmployeeBenefits #BusinessExpansion #StartupSuccess #InvestmentNews #BusinessNews #TechStartups #StartupFunding https://thekredible.com/blogs/easyrewardzs-revenue-spikes-30-in-fy23-losses-widen-14

Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11% Juicy Chemistry's revenue fell 21% to Rs 19.7 crore in FY23, with operating revenue dropping 24% to Rs 18 crore. Despite reduced expenses of Rs 28 crore, losses increased by 11% to Rs 8.2 crore. Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. #thekredible #JuicyChemistry #RevenueDrop #SkincareIndustry #D2CBrand #SkincareProducts #StartupUpdate #BusinessNews #FundingNews #CosmeticIndustry #SkinCareNews #StartupEcosystem https://thekredible.com/blogs/juicy-chemistrys-scale-dwindles-21-in-fy23-losses-rise-11

Trendlyne’s scale grew 50% in FY23, profits dwindle 15% Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne was founded by Amber Pabreja and is funded by investors like IIFL Finance. #thekredible #News #Startup #Trendlyne #StockMarketResearch #Fintech #StartupSuccess #RevenueGrowth #BusinessGrowth https://thekredible.com/blogs/trendlynes-scale-grew-50-in-fy23-profits-dwindle-15

Tirex Chargers posted 67% hike in scale in FY23, losses drop 70% Tirex Chargers, an EV charging company in Ahmedabad, experienced a 67% revenue increase to Rs 13.3 crore in FY23. Offering AC and DC chargers from 7kW to 360kW, it serves various vehicles and has installed 10,000 kW chargers for clients like Foton and Olectra. Despite a 68% rise in expenses, it maintained revenue parity, supported by a Seed round of Rs 15 crore in 2022. #thekredible #Startup #StartupNews #Data #Insights #TirexChargers #ElectricVehicles #StartupInvestment #GreenTechnology #RenewableEnergy #AutomotiveIndustry #RevenueGrowth https://thekredible.com/blogs/tirex-chargers-posted-67-hike-in-scale-in-fy23-losses-drop-70

Turnip’s revenue crosses Rs 3 Cr in FY23, expenses spike 54% E-sports streaming platform Turnip witnessed an over six-fold rise in its scale to Rs 3.3 crore in FY23 as compared the Rs 54 lakhs revenue it generated in FY22. As for revenue from operations, the fiscal year ending March 2023 witnessed the entirety of the revenue coming from operations. In FY22, the company generated a little over Rs 3 lakhs from operations. Visit - https://thekredible.com/blogs/turnips-revenue-crosses-rs-3-cr-in-fy23-expenses-spike-54 #Turnip #revenue #thekredible #startupnews #businessdata #datainsight

CrepDog Crew recorded revenue of Rs 12 Cr in FY23 Sneaker reselling platform CrepDog Crew generated Rs 12.61 crore in revenue in the fiscal year ending March 2023. Operations contributed over Rs 12 crore to this, taking up over 98% of the overall revenue. Visit - https://thekredible.com/blogs/crepdog-crew-recorded-revenue-of-rs-12-cr-in-fy23-expenses-follow #CrepDogCrew #TheKredible #News #Revenue