Ambrane recorded two fold rise in top scale in FY23
Founded in 2012 by Ashok Rajpal and Sanjay Rajpal, Delhi-based electronics brand Ambrane saw its FY23 revenue soar to Rs 249.96 crore, doubling fro... View MoreAmbrane recorded two fold rise in top scale in FY23
Founded in 2012 by Ashok Rajpal and Sanjay Rajpal, Delhi-based electronics brand Ambrane saw its FY23 revenue soar to Rs 249.96 crore, doubling from Rs 120.75 crore in the previous fiscal year. Ambrane specializes in mobile accessories, audio gadgets, personal care items, and smart devices, with a strong presence in both online and offline markets, including major platforms like Amazon and Flipkart, and retail chains like Croma. Despite this revenue boost, expenses also doubled to Rs 249.13 crore, causing profit to plummet by 77% to Rs 51.41 lakh. Key expenses included material costs, advertising, and employee benefits.
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https://thekredible.com/blogs/ambrane-recorded-two-fold-rise-in-top-scale-in-fy23
Ambrane recorded two fold rise in top scale in FY23
Electronics brand Ambrane reported impressive growth in FY23, with revenue surging to Rs 249.96 crore, marking a substantial 2X increase.
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 ... View MoreEasyRewardz’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.
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https://thekredible.com/blogs/easyrewardzs-revenue-spikes-30-in-fy23-losses-widen-14
EasyRewardz’s revenue spikes 30% in FY23, losses widen 14%
B2B loyalty management platform EasyRewardz recorded an almost 30% spike in its top scale to touch Rs 45.65 crore in FY23.
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