TheKredible

Gurugram headquartered B2B online marketplace Yojak witnessed its revenue dwindling 66% to Rs 35.5 crore in FY23 from Rs 98 crore the preceding fiscal year. The e-commerce firm focuses on building materials and serves as an online marketplace for retailers and wholesalers to buy and sell building materials directly from manufacturers. The five year old firm last raked in Rs 15.8 crore in an extended pre-Series A round led by Info Edge India Ltd and Kae Capital. Read more: https://lnkd.in/gCrSD5Hy

Budget hotel chain OYO is looking to raise a new round at a valuation of $3 billion as per media reports. This is a drastic tumble from the firm's last valuation of $9.6 billion in 2021. In 2018, the Ritesh Agarwal led company turned unicorn with a valuation of $5 billion. The firm generated a revenue of Rs 5,463.5 crore in FY23 with losses amount to Rs 1,286.8 crore. As of the same fiscal, employee benefits and service components of lease turned out the be OYO's major expenses. Lease rentals and commissions followed. The sale of accommodation services and commission from bookings was the major revenue source for the SoftBank-backed firm. It also made some money from the rental and subscription services. With 100 plus subsidiaries and a presence in almost every continent, domestic income formed only 25% of the collection which stood at Rs 1,382.6 crore in FY23 while 75% of its collection came from outside India as an export service. Visit https://lnkd.in/g6dWRN9j for more details on the company.

Bengaluru-based e-commerce firm Apna Mart last raked in a Series A round of over Rs 85 crore from the likes of Accel, Peak XV Partners, Disruptors Capital and others last year. The major shareholders of the company are: Abhishek Singh (founder): 24.76% Chetan Garg (founder): 24.76% ESOP Pool: 10.58% Last April, it was in talks to raise about $15-20 million in funding from Accel and Peak XV Partners. For more information, check out https://lnkd.in/g3zGywJ5

Bengaluru-based logistics and supply chain firm Porter launched its services in 2015. It raised its maiden round of Rs 3 crore from Kae Capital just a couple months later. By 2021, the company had raised its Series E round and had extended its operations to Pune and Ahmedabad markets. It's FMCG arm was acquired by Cogos Technologies Pvt Ltd a year later. Visit - https://lnkd.in/dwbMfkA6 to learn more about Porter.

TheKredible: Week-on-Week Startup Funding Trend On a weekly basis, startup funding inclined 53.21% to $341.5 million as compared to around $222.7 million raised during the previous week. The average funding in the last eight weeks stands at around $245 million with 26 deals per week. The complete weekly funding report is available at: https://lnkd.in/dv-JdrVu #Startup #WeeklyFunding #Report

TheKredible: Weekly Funding Summary This week, 27 Indian startups raised nearly $341.2 million in funding. These deals include 9 growth-stage deals raking in $310.9 million and 11 early-stage deals secured $30.31 million. 7 deals remained undisclosed. For the complete weekly funding report, visit: https://lnkd.in/dv-JdrVu #Startup #WeeklyFunding #Report

Pharmaceutical startup Generic Aadhaar posted a 29% growth in scale to touch Rs 11.4 crore in FY23 as compared to the preceding fiscal’s Rs 8.8 crore. Founded by Arjun Deshpande, Generic Aadhaar operates a medical franchise chain in India and offers affordable generic medicines to customers.   The Thane-based firm has raked in an overall funding of over Rs 15 crore through 2 rounds. It last raised a Seed round of Rs 15.2 crore led by Beyond Next Ventures Inc. in 2022. Read more: https://lnkd.in/gaqQvvmJ

TheKredible: Month-on-Month Startup Funding Trend On a monthly basis, April's $1.04 billion almost matched March’s $1.18 billion funding. Interestingly, only PharmEasy managed to raise funding in three digits during the last month. The complete monthly funding report is available at: https://lnkd.in/gcnwU3xD #Startup #MonthlyFunding #Report

TheKredible: Monthly Funding Summary April witnessed a good run in terms of startup funding. It crossed the $1 billion threshold on the back of couple of pre-IPO funding, a few late-stage rounds, and debt deals. The 124 funding deals included 36 growth-stage startups raking in $813 million and 65 early-stage firms securing $225.75 million. 23 rounds remained undisclosed. The complete monthly funding report is available at: https://lnkd.in/dv-JdrVu #Startup #MonthlyFunding #Report

Bengaluru-based SaaS firm Happay recorded a 28% rise in scale to Rs 106.5 crore in the fiscal year ending March 2023. Incorporated by Varun Rathi and Anshul Rai, Happay provides expense management for corporates to manage travel and tax benefits for their employees. It also enables large enterprises to issue prepaid and credit cards. Happay was acquired by the Kunal Shah led firm CRED in a cash-and-stock deal worth $180 million in 2021. Read more: https://lnkd.in/grkevzWV