Homexchange posts 22% revenue growth in FY24, trims losses Mumbai-based proptech firm Homexchange saw a 22% revenue growth in FY24, reaching Rs 2.65 crore from Rs 2.17 crore in FY23. Established in 2020 by Jesal Sanghvi and Shirish Godbole, Homexchange enables homeowners to upgrade properties by exchanging their current homes for new builds from partnered developers. Supported by a Rs 31.95 crore funding round led by Oberoi Realty in 2022, Homexchange is valued at Rs 40 crore, with Oberoi holding over 30% equity. Despite reducing expenses from over Rs 9 crore to Rs 8.47 crore, the company’s losses fell to Rs 5.81 crore in FY24. The EBITDA margin and ROCE remain in negative territory, but efficiency improvements have slightly narrowed the loss gap. #Homexchange #ProptechIndia #MumbaiRealEstate #PropertyExchange #TheKredible #RealEstateGrowth #StartupFunding #StartupIndia #IndianStartups #RealEstateStartup #News https://thekredible.com/blogs/homexchange-posts-22-revenue-growth-in-fy24-trims-losses

FoodyBuddy turns profitable in FY23 Foodtech platform FoodyBuddy achieved a remarkable 17X revenue increase in FY23, reaching Rs 1.69 crore, up from Rs 9.74 lakh in FY22. Founded in 2015, the Bangalore-based platform connects home chefs with local consumers. It has raised Rs 20.50 crore across five funding rounds, with the latest in December 2020 led by Rebel Foods. Competing with Innerchef and Cookr, FoodyBuddy is valued at Rs 31 crore, with significant stakes held by Rebel Foods and Prime Venture Partners. The company cut expenses from over Rs 4 crore in FY22 to Rs 13 lakh in FY23 and became profitable, recording Rs 1.56 crore in profit after a loss in the previous year. #FoodyBuddy #FoodTech #StartupSuccess #RevenueGrowth #FundingRounds #Entrepreneurship #InnovativeBusiness #HomeChefs #TheKredible #Startup #News #IndianStartup https://thekredible.com/blogs/foodybuddy-turns-profitable-in-fy23

Medulance posted a 7% rise in revenue in FY23, profits drop Medulance, a Delhi-based health tech company, reported a 6.9% revenue growth in FY23, reaching Rs 26.21 crore, driven primarily by its ambulance services. Founded by Pranav Bajaj and Ravjot Singh Arora, Medulance operates a fleet of 10,000 ambulances across India and offers services like teleconsultation, e-pharmacy, and elderly care. Despite the revenue increase, expenses rose by nearly 30% to Rs 23.90 crore, leading to a significant drop in profits by over 60%, down to Rs 2.23 crore. The company secured over Rs 25 crore in Series A funding led by Alkemi Growth Capital. Founders Arora and Bajaj each hold over 30% of the company’s shares. #TheKredible #Medulance #HealthTech #DelhiStartup #EmergencyServices #HealthcareInnovation #StartupIndia #HealthTechIndia #EPharmacy #StartupNews #News #IndianStartup https://thekredible.com/blogs/medulance-posted-a-7-rise-in-revenue-in-fy23-profits-drop

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw its FY23 revenue surge 21X to Rs 19 crore, up from Rs 88 lakhs in FY22. The company, founded by Ankit and Stuti Kothari, offers natural, toxin-free skincare products. Despite this revenue growth, expenses also rose sharply, reaching Rs 14.7 crore, driven by material costs, advertising, and employee benefits. The company secured Rs 20 crore in its first funding round led by Unilever Ventures, with profits increasing to Rs 3.11 crore, a 9X rise. WishCare's EBITDA and ROCE stand at 23.29% and 122.55% respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw its FY23 revenue surge 21X to Rs 19 crore, up from Rs 88 lakhs in FY22. The company, founded by Ankit and Stuti Kothari, offers natural, toxin-free skincare products. Despite this revenue growth, expenses also rose sharply, reaching Rs 14.7 crore, driven by material costs, advertising, and employee benefits. The company secured Rs 20 crore in its first funding round led by Unilever Ventures, with profits increasing to Rs 3.11 crore, a 9X rise. WishCare's EBITDA and ROCE stand at 23.29% and 122.55% respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw its FY23 revenue surge 21X to Rs 19 crore, up from Rs 88 lakhs in FY22. The company, founded by Ankit and Stuti Kothari, offers natural, toxin-free skincare products. Despite this revenue growth, expenses also rose sharply, reaching Rs 14.7 crore, driven by material costs, advertising, and employee benefits. The company secured Rs 20 crore in its first funding round led by Unilever Ventures, with profits increasing to Rs 3.11 crore, a 9X rise. WishCare's EBITDA and ROCE stand at 23.29% and 122.55% respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively. #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise

Lahori posted 5X rise in revenue in FY23, profits surge Punjab-based company Lahori, founded in 2018 by Saurabh Munjal and Nikhil Doda, recorded a revenue of Rs 214.84 crore in FY23, a 5.7x increase from the previous year. Specializing in non-alcoholic beverages like Zeera, Nimboo, Kacha Aam, and Shikanji, Lahori saw 99.523% of its revenue from product sales. Despite a 6x rise in expenses to Rs 202.90 crore, the company achieved a profit of Rs 7.88 crore, a 2.8x increase. In 2022, Lahori raised over Rs 60 crore in Series A funding led by Verlinvest, with key shareholders including Munjal, Bhutna, Doda, and Verlinvest SA. Its EBITDA margin was 14.72%, and ROCE was 5.96%. #thekredible #LahoriBeverages #BusinessGrowth #NonAlcoholicDrinks #StartupSuccess #FinancialGrowth #InvestmentSuccess #IndianStartups #BeverageIndustry #Lahori https://thekredible.com/blogs/lahori-posted-5x-rise-in-revenue-in-fy23-profits-surge

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 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. #TheKredible #Ambrane #ElectronicsBrand #RevenueSurge #TechStartup #MobileAccessories #SmartDevices #EcommerceSuccess #FinancialPerformance #TechIndustry #IndianMarket #BusinessExpansion #StartupSuccess #ElectronicsIndustry #AmbraneFY23 #StartupNews #News https://thekredible.com/blogs/ambrane-recorded-two-fold-rise-in-top-scale-in-fy23