Amazon-backed M1xchange’s scale grows 2X in FY23, losses shrink

M1xchange, a platform that facilitates digital invoicing and discounting for MSMEs, corporates, and financiers, has posted over two-fold growth in its operating scale during the fiscal year ending March 2023. The company also managed to cut down losses marginally.

#amazon #news #fintrackr #startup

https://entrackr.com/2023/08/a....mazon-backed-m1xchan

Country Delight posts Rs 543 Cr revenue in FY22, losses surge 6.6X

Country Delight’s scale rose nearly 70% to cross the Rs 500 crore revenue mark in the fiscal year ending March 2022. The losses, however, for the D2C dairy brand shot up 6.6X during the same period.

#fintrackr #countrydelight #news #startupnews

https://entrackr.com/2023/08/c....ountry-delight-posts

RenewBuy secures $40 Mn in ongoing Series D round

Dai-ichi Life Holdings Inc., a large Japanese insurance company, has contributed $40 million to RenewBuy's ongoing Series D funding round. This represents the company's first fundraising effort in 2023.

#renewbuy #funding #entrackr #news #startup #startupnews

https://entrackr.com/2023/07/r....enewbuy-secures-40-m

Sleepwell-parent acquires Kurlon

Sleepwell plans to buy about 35% of Furlenco for Rs 300 crore in cash, subject to typical working capital and other adjustments. This puts the Bengaluru-based company's valuation at over Rs 857 crore (more than $100 million). The business also said that it will pay Rs 2,035 crore for a controlling interest (94.66%) in Kurlon Enterprises, which controls the Kurlon brand. Kurlon will be worth roughly Rs 2,150 crore ($260 million) after the transaction.

#sleepwell #kurlon #businessnews #furlenco #entrackr #news

https://entrackr.com/2023/07/s....leepwell-parent-acqu

BigBasket B2C arm’s losses soar to Rs 1,535 Cr in FY23, revenue stays flat
BigBasket's consumer-facing branch, Innovative Retail, has failed to scale since its acquisition by Tata Group in 2021. The e-grocer under Tata's umbrella had 17% growth in its topline in FY22, before falling to roughly 5% in FY23.
#tatagroup #bigbasket #acquisition
https://entrackr.com/2023/06/b....igbasket-b2c-arms-lo