Gupshup India posts Rs 1,619 Cr income and Rs 49 Cr profit in FY23

Gupshup, a profitable unicorn, reported a 43% increase in India revenue to Rs 1,619 crore in FY23. Despite overseas market earnings not included, the company's financials are robust. Gupshup, backed by Tiger Global, offers a messaging API for platforms like WhatsApp. Its FY23 expenditure rose, with business solution provider fees accounting for 69%. However, optimized cost management led to a 22.5% profit increase to Rs 49 crore. Gupshup, despite Fidelity's valuation markdown, appears well-positioned for growth with diverse offerings and market insights.

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https://entrackr.com/2024/01/g....upshup-india-posts-r

Biryani By Kilo raises $9 Mn in a new round

Cloud kitchen company Biryani By Kilo [BBK] has raised $9 million or Rs 72 crore in its Series C round led by Alpha Wave Ventures. The latest equity round has come after a hiatus of more than two years for the company. The board at Biryani By Kilo has passed a special resolution to issue 18,086 Series C CCSP at an issue price of Rs 39,800 per share to raise Rs 72 crore or $9 million, regulatory filing sourced from the Registrar of Companies shows.

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https://entrackr.com/2023/12/e....xclusive-biryani-by-

Wishlink to raise $7 Mn led by Fundmentum and Elevation

Creator-led commerce startup Wishlink is in advanced stage of raising $7 million in a new round, sources aware of the development told Entrackr. The new fundraise for the Bengaluru-based company will come after 13-14 months.
“Fundamentum is leading the new round along with participation of existing backer Elevation Capital,” said one of the sources requesting anonymity. The terms of the deal have been sealed and money is likely to come in soon.” Elevation led a $3 million seed round in the Wishlink in October last year. Several high profile angels including Vidit Aatrey, Sanjeev Barnwal, Rahul Chaudhary, Ankush Sachdeva, and Ghazal Alagh, also participated in its maiden funding round.
Founded by Chandan Yadav, Shaurya Gupta and Divyansh Ameta, Wishlink is enabling creators across social media platforms to drive commerce for brands via their personalized multi-brand storefronts. The platform has created a tech stack to drive creators from social media to brands’ websites, helping them acquire customers.

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https://entrackr.com/2023/11/e....xclusive-wishlink-to

Decoding Ola Electric $300 Mn Series E financing round

Ola Electric holds a commanding position in the electric two-wheeler market in India. The EV company has consistently been in the news – whether it is the quality of its products or its upcoming Gigafactory in Tamil Nadu. Ola Electric is currently in the process of raising fresh funds as part of its series E Round and reportedly has secured an initial tranche of $140 million.
While Ola Electric has not officially announced the fundraise, Entrackr sifted through its regulatory filing to find out more details. As per filings, the company is in the process of securing $300 million, with $143 million already received by Ola Electric.

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https://entrackr.com/2023/10/d....ecoding-ola-electric

Udaan in talks to raise new round, valuation may drop significantly

The equity round comes after a gap of 30 months for the Bengaluru-based company which has majorly raised funds through debt and convertible notes for the past couple of years. Udaan scooped up $280 million in extended Series D round in Jan 2021 and separately raised more than $350 million in debt and convertible notes since then.

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https://entrackr.com/2023/08/e....xclusive-udaan-in-ta