#techstartups
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.
#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
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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Funding and acquisitions in Indian startup this week [01 – 06 July]
This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals a... View MoreFunding and acquisitions in Indian startup this week [01 – 06 July]
This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week.
#Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report
https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/
Funding and acquisitions in Indian startup this week [01 - 06 July]
This week, 24 Indian startups raised around $270.3 million in funding. These deals count 4 growth-stage deals and 20 early-stage deals. In the previous week, over 25 early and growth-stage startups cu
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Which is the future of investments? Bitcoin or gold? – Technicalinterest.com
Therefore far, the new decade has brought about a significant position of the fiscal query. But at$ per ounce, gold saw its topmost rise in value
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Which is the future of investments? Bitcoin or gold? – Technicalinterest.com
Therefore far, the new decade has brought about a significant position of the fiscal query. But at$ per ounce, gold saw its topmost rise in value