Decoding Rapido’s $120 Mn unicorn round
Rapido, a mobility startup, has achieved unicorn status after raising $120 million in a Series E funding round led by WestBridge Capital. The funding, disclo... View MoreDecoding Rapido’s $120 Mn unicorn round
Rapido, a mobility startup, has achieved unicorn status after raising $120 million in a Series E funding round led by WestBridge Capital. The funding, disclosed through regulatory filings, involved issuing equity and convertible preferred shares to raise Rs 1,002 crore ($120 million). Rapido plans to use the funds for expansion and growth. The startup is now valued at around Rs 8,517 crore ($1.02 billion) and has become the second-largest ride-hailing platform in India, surpassing Ola. In FY23, Rapido's operating revenue tripled to Rs 443 crore, although losses also increased by 54% to Rs 675 crore. WestBridge Capital remains the largest external stakeholder with a 32.88% share.
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https://entrackr.com/2024/08/decoding-rapidos-120-mn-unicorn-round/
Decoding Rapido’s $120 Mn unicorn round
Decoding Rapido's $120 million unicorn round from WestBridge Capital, exact valuation, shareholding pattern, and other key details.
Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to... View MoreJuicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to Rs 18 crore. Despite reduced expenses (down 14% to Rs 28 crore), losses rose 11% to Rs 8.2 crore. Key costs included advertising (33%), materials (25%), and employee benefits (10%). Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. Major stakeholders include its Promoters, Amit Nanavati, Verlinvest, and Purplle.
#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
Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Skin and personal care brand Juicy Chemistry witnessed its revenue dwindling 21% to Rs 19.7 crore in the fiscal year ending March 2023.
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