Urban Company, India’s largest home services marketplace, has posted a 38.2% year-on-year revenue growth, reaching ₹1,144 crore in FY25, according to its latest annual report. The company also marked a major financial milestone by turning profitable during the fiscal year ending March 2025, a significant turnaround from its ₹92.7 crore loss in FY24. 6.8 Million Transactions, 51 Cities, ₹3,115 Cr Gross Transaction Value Operating across 51 cities and internationally in UAE, Singapore, and Saudi Arabia, Urban Company completed 6.8 million customer transactions under 17 super categories. The company achieved a total net transaction value (GTV) of ₹3,115 crore, a strong…
Author: Himanshu Sindhi
Fintech giants Paytm and Mobikwik have announced significant new employee stock option (ESOP) grants as part of their ongoing talent retention and incentive strategies, even as they continue to optimize operations and reduce losses. Paytm Rolls Out ₹215 Cr ESOPs Under 2019 Plan Paytm, operated by One97 Communications, has approved the grant of 23.7 lakh stock options under its ESOP 2019 plan, according to a regulatory filing with the National Stock Exchange (NSE). At the current market price of ₹906 per share, the total value of the ESOP grant is estimated at ₹215 crore. Each stock option carries an exercise…
Nykaa, the omnichannel beauty and fashion retailer, posted strong financial results for the fourth quarter and full fiscal year FY25, marking a notable rebound in profitability and growth across its core segments. Strong Revenue & Profit Growth in Q4 FY25 As per consolidated filings with the National Stock Exchange (NSE), Nykaa’s revenue from operations for Q4 FY25 climbed 24% year-on-year to ₹2,061 crore, up from ₹1,667 crore in Q4 FY24. The company also posted a 90% year-on-year jump in quarterly profit, reaching ₹19 crore in Q4 FY25, compared to ₹10 crore during the same period last year. Full-Year FY25 Performance…
Steptrade Capital has announced the first close of its third Alternative Investment Fund (AIF)—the Steptrade Revolution Fund-II (SRF-II)—with a total deployment target of ₹1,000 crore. The fund will channel investments into India’s listed and unlisted small and microcap businesses, a segment crucial to India’s real economic engine. A Focused Strategy on Bharat’s Core Sectors SRF-II builds on the momentum of its predecessors—Chanakya Opportunities Fund and Steptrade Revolution Fund-I—by continuing to back high-growth potential businesses across underpenetrated sectors. The fund’s investment scope will span: “This early close shows that investors believe in our strategy. Our focus is clear – bottom-up research,…
SarvaGram, a Pune-based rural-focused credit and fintech startup, has raised ₹565 crore (approx. $67 million) in a Series D funding round led by Peak XV Partners. The round also saw participation from existing investors—Elevation Capital, Elevar Equity, Temasek, and TVS Capital. This latest round has doubled the company’s valuation to approximately ₹1,785 crore ($212 million) from ₹790 crore ($94 million) in its previous Series C round, as per regulatory filings reviewed by Entrackr. Funding Breakdown and Investor Stakes While SarvaGram did not disclose full details publicly, filings with the Registrar of Companies (RoC) revealed the round structure: InvestorInvestment Amount (₹…
Pocket Entertainment, the parent company behind Pocket FM, Pocket Toons, and Pocket Novel, has promoted Umesh Bude to the position of Chief Technology Officer (CTO). Previously serving as Senior Vice President of Engineering, Umesh will now drive the company’s overarching technology vision, focused on pioneering the future of AI-driven storytelling. Leading Tech Strategy Across Storytelling Platforms As CTO, Umesh will oversee Pocket Entertainment’s end-to-end tech strategy, working across all digital verticals to shape next-gen user experiences, elevate generative AI capabilities, and embed responsible innovation across every touchpoint. His focus will be on global scale, seamless delivery, and tech-first storytelling. “It’s…
InCred Money, the digital wealthtech arm of InCred Group, is all set to mark its foray into India’s retail brokerage sector with the acquisition of Stocko, a New Delhi-based discount broking platform. The deal, reportedly valued at ₹300 crore, is subject to regulatory approvals and will significantly expand InCred’s full-stack financial services ecosystem. Strategic Expansion into Retail Broking Once approved, the acquisition will result in Stocko—currently run by South Asian Stocks Limited—being rebranded as InCred Stocko and seamlessly integrated into the InCred Money platform. “InCred Stocko gives us a proven platform with serious volume, and we’ll bring our tech, capital…
In a meaningful step toward inclusive entrepreneurship, Flipkart, the Walmart-owned e-commerce giant, recently collaborated with WE Hub, a Government of Telangana initiative, to conduct a capacity-building workshop aimed at empowering women entrepreneurs through the power of e-commerce. Held in Hyderabad, the workshop attracted enthusiastic participation from women-led businesses and MSMEs, highlighting the growing need for structured support and market access for women in business. Workshop Highlights: Tools for Scaling Women-led Businesses The orientation session, jointly organized by Flipkart and WE Hub, was designed to enhance the digital and e-commerce readiness of women entrepreneurs. Key areas of focus included: These insights…
In a major strategic shift, Amazon India has officially launched its 10-minute delivery service, Amazon Now, marking its first concrete step into India’s fast-evolving quick commerce space. The pilot rollout is currently live across three pin codes in Bengaluru, accessible to a select group of users, including Amazon Prime members. Entering a High-Speed Battlefield The move puts Amazon in direct competition with established quick commerce players like Blinkit (Zomato-owned), Zepto, and Swiggy Instamart, all of whom have aggressively expanded their instant delivery infrastructure in the past two years. “We are running our 10-minute delivery service Amazon Now in select pin…
Surat is gearing up to host the fourth edition of the 21BY72 Startup Summit on June 14 and 15, a marquee event in Bharat’s growing entrepreneurial landscape. Held at Avadh Utopia, near Surat Airport, the summit is set to attract over 20,000 attendees, including 500+ investors, 85 startup exhibitors, content creators, government leaders, and startup enthusiasts from across the country. Organized by IVY Growth Associates What to Expect at 21BY72 2024 Star-Studded Speaker Lineup The Four-Hall Format Expanding Beyond Founders 21BY72 2024 isn’t just about startups and investors—it also brings together a unique mix of educators, content creators, and brand…