Tag: Entrackr : Latest Posts

Chingari, a platform that transitioned to a paid, private live streaming model in June 2023, experienced a significant 53% decrease in operating revenue in FY25. The company’s shift away from its initial short video-centric strategy led to a drop in revenue, but also a 62% reduction in losses to Rs 8.8 crore.

In the previous fiscal year, FY23, Chingari generated Rs 113 crore in revenue with a net loss of Rs 42 crore. However, the change in focus resulted in a notable decrease in operating revenue to Rs 44 crore in FY25 from Rs 92 crore in FY24.

Founded in 2018, Chingari originally operated as a TikTok-style platform before pivoting to a paid live streaming service. The platform now facilitates private one-on-one interactions between creators and users, where users can purchase virtual ‘diamonds’ for exclusive engagements. While guidelines prohibit explicit content, some observations have likened Chingari to a more limited version of OnlyFans.

Revenue analysis revealed that 28% of the total revenue, amounting to Rs 12.2 crore, came from domestic users, while the remaining 72% was derived from export revenue, totaling Rs 31.3 crore.

Despite the decline in revenue, cost management was evident as advertising and promotional expenses reduced by 46% to Rs 23.75 crore in FY25. Employee benefits expenses also decreased by 58% to Rs 13.4 crore. Information technology expenses, however, rose by 8.4% to Rs 9 crore.

Overall, the company’s expenditure dropped by 55% to Rs 52.4 crore in FY25 from Rs 116.3 crore in FY24, contributing to a narrowed loss of Rs 8.8 crore. Chingari’s evolving business model and financial performance highlight the challenges of transitioning from a free short-video platform to a paid live streaming service.

Source: Entrackr : Latest Posts

Digital transformation consulting firm KaarTech has raised approximately $11 million (Rs 100 crore) from Playbook Partners, a backer of Renee Cosmetics. This funding round reflects KaarTech’s strong financial performance, with a notable 56% year-on-year growth in revenue reaching Rs 718 crore in FY25.

KaarTech’s recent filings with the Registrar of Companies (RoC) detail the approval to issue 4,00,520 Series B CCPS at Rs 2,496.75 per share, resulting in the $11 million investment from Playbook Partners. The funds will be used for capital expenditure, business expansion, and general operational needs.

According to Entrackr’s valuation, KaarTech has a post-money valuation of approximately Rs 2,100 crore or $231 million. In a previous funding round in July 2023, the company raised $30 million from A91 Partners.

Founded in 2006, KaarTech specializes in SAP-led digital transformation, offering services such as SAP implementation, cloud and data services, AI, automation, analytics, and managed services to assist enterprises in optimizing their operations.

The latest funding has increased Playbook Partners’ stake in KaarTech to 4.76%, with A91 Partners remaining the largest external shareholder at 32.78%. KaarTech’s co-founders collectively retain significant ownership in the company.

Source: Entrackr : Latest Posts

AgroStar, a Pune-based agritech firm, has reported impressive financial results for the fiscal year ending March 2025. According to the Registrar of Companies (RoC), the company’s operating revenue increased by 14.2% to reach Rs 853 crore, up from Rs 747 crore in the previous fiscal year.

Specializing in a full-stack agritech platform, AgroStar leverages AI and expert advisory to engage farmers and drive sales of agri-inputs like seeds and crop protection products. The firm’s revenue primarily stems from product sales, which increased by 14.5% to Rs 827 crore in FY25, while service and other operating income contributed Rs 13 crore each, totaling Rs 864 crore in income for the year.

Cost management played a crucial role in AgroStar’s financial performance, with the cost of materials being the largest expense, amounting to 56% of total expenses. Despite a 31% rise in transportation costs, effective control measures led to a 7.4% reduction in total expenses to Rs 1,008 crore in FY25.

Through strategic revenue growth and expense management, AgroStar successfully reduced its losses by 56% to Rs 143.5 crore in FY25. The company’s ROCE and EBITDA margin were reported at -140.48% and -7.15% respectively, indicating areas for further improvement.

With a focus on operational efficiency and revenue diversification, AgroStar’s financial results highlight its commitment to sustainable growth in the agritech sector.

Source: Entrackr : Latest Posts

Home services startup Pronto has secured $25 million in its Series B funding round led by Epiq Capital. This investment round also saw continued support from existing investors Glade Brook Capital, General Catalyst, and Bain Capital Ventures.

The latest funding follows a $11 million Series A round raised by Pronto just six months ago. The newly acquired capital will be used to enhance operations, including hiring and training more professionals, and expanding services across its current markets over the next 12 to 18 months.

Established in 2025 by Anjali Sardana, Pronto specializes in offering 10-minute on-demand home services, connecting urban households with verified domestic workers. Services range from basic chores like sweeping, mopping, and laundry assistance to kitchen and bathroom cleaning, accessible through instant, scheduled, or recurring bookings.

Operating primarily in Delhi NCR, Bengaluru, and Mumbai, Pronto has experienced significant growth, with daily bookings increasing from 1,000 to over 18,000 in just seven months. The startup collaborates with nearly 3,000 professionals and maintains a core team of around 60 employees. Pronto recently relocated its headquarters to Bengaluru, while retaining customer support functions in Gurugram.

Competing in the instant home services sector against platforms like Snabbit and Urban Company’s Insta Help, Pronto’s latest funding positions it for market expansion and service enhancement.

Source: Entrackr : Latest Posts

Artium Academy, an online music learning platform, is set to raise Rs 19.2 crore (approximately $2.13 million) in its Series A round. The investment will be led by Jejurikar Longevity Trust, with participation from Savitha Ramesh and existing investor Chiratae Ventures. The funding will be used for business expansion, growth initiatives, and general corporate purposes, as confirmed by the company’s filing with the Registrar of Companies (RoC).

Founded in 2020 by Ashish Joshi, Vivek Raicha, and Nithya Sudhir, Artium Academy offers personalized 1:1 live music classes in vocal and instrumental categories. The platform leverages technology to provide structured music education to its users.

With this latest funding, Artium Academy’s valuation is projected to surge over 4 times to approximately Rs 375 crore (about $41.2 million) from its previous valuation of Rs 90 crore during its earlier funding round in 2022. The allocation of shares will result in Jejurikar Longevity Trust holding 2.65%, Savitha Ramesh 6.75%, Chiratae Ventures 18.28%, and the company’s co-founders retaining a collective 39.48% stake.

In the fiscal year 2025, the company reported a notable increase in operating revenue to Rs 27.77 crore from Rs 18.96 crore in the previous year. However, the net loss also saw a rise of 13.8% to Rs 21.55 crore compared to Rs 18.94 crore in the prior period.

Source: Entrackr : Latest Posts

Deepinder Goyal, the former CEO of Zomato, has launched a new startup called Temple, which recently secured $54 million in its initial funding round. The investment was led by Goyal and included contributions from friends, family, and early Zomato supporters, placing Temple at a post-money valuation of about $190 million.

The funding round involved the issuance of 234,799 TCCPS shares at Rs 21,000 each, aiming to raise approximately Rs 493 crore. Notable investors besides Goyal are Steadview Capital, Dharana Fund, Peak XV Partners, and Aaroh Fund.

Interestingly, over 30 Temple employees also participated in the funding, investing at the same valuation as external backers. Goyal emphasized that Temple operates separately from Zomato’s core businesses and is currently in stealth mode.

Goyal’s recent moves, including stepping down as Zomato’s Group CEO and acquiring Sharang Shakti through LAT Aerospace, indicate a shift in his entrepreneurial focus. Temple’s entry into the startup scene adds another venture to Goyal’s portfolio.

Source: Entrackr : Latest Posts

Wealth tech startup Groww recently held its product showcase event, Groww Next 2026, in Bengaluru, where it introduced advanced AI-powered investing tools designed to enhance the investment experience for users. The company’s focus on responsible intelligence for investors was evident throughout the event, with the unveiling of innovative features and services.

One of the key highlights was the introduction of GR 1, an AI investing assistant that functions as a research analyst, leveraging AI to analyze markets, track news sentiment, and provide personalized insights based on an investor’s portfolio. This tool, currently in beta, emphasizes responsible AI deployment with multiple safeguards such as consent layers and execution controls.

Additionally, Groww expanded its Groww Prime service, offering users deeper insights into mutual fund investments and personalized guidance. With features like advanced portfolio health checks and SIP monitoring tools, Groww Prime aims to empower users with informed decision-making capabilities.

Moreover, Groww is democratizing access to the secondary bond market, enabling retail investors to trade bonds akin to equities. The platform provides curated bond listings supported by risk evaluation frameworks, enhancing transparency and risk assessment for users.

The startup also introduced tools like high-frequency trading mode and a specialized physical keyboard for quick trading, along with behavioral safeguards in its F and O segment to prevent impulsive trading behavior. These enhancements align with Groww’s commitment to responsible trading practices and platform stability.

Furthermore, Groww’s efforts to digitize family wealth management underscore its commitment to streamlining traditional offline investment segments. The company’s financial performance and market debut success reflect its strong position in the wealth tech sector.

Source: Entrackr : Latest Posts

Mumbai-based Merchant SaaS platform Mintoak is making strategic moves to expand its fintech offerings. The company has secured Rs 80 crore in debt from BlackSoil to facilitate the acquisition of Dubai-based customer loyalty management platform, Innovative Consumer Concepts (ICC Loyalty). This acquisition marks Mintoak’s second in the past year, demonstrating its commitment to growth and diversification.

Mintoak’s recent board resolution approves the issuance of up to 1,600 Non-Convertible Debentures (NCDs) to raise the necessary funds. ICC Loyalty, a fintech platform by ICC Fintech, specializes in digital loyalty and rewards solutions for brands and financial institutions, enhancing customer engagement and retention through innovative programs.

Founded by Raman Khanduja, Rama Tadepalli, and Sanjay Nazareth, Mintoak offers a suite of SaaS products that enable banks and merchant acquirers to better serve SME customers and promote financial product cross-selling. The company’s financial performance has been robust, with operating revenue increasing by 27.9% year-on-year in FY25, reaching Rs 92.85 crore.

This acquisition follows Mintoak’s earlier purchase of fintech startup Digiledge, underscoring its strategic focus on expanding its offerings and market presence. By integrating ICC Loyalty’s capabilities, Mintoak aims to strengthen its position in the competitive fintech landscape and deliver enhanced value to its clients and partners.

Source: Entrackr : Latest Posts

Indian startup funding experienced a notable increase in February 2026, totaling $2 billion across 134 deals. This surge was primarily attributed to a substantial $1.2 billion equity plus debt round secured by Neysa, significantly impacting the month’s funding landscape. While no other startup secured a deal exceeding $100 million, the month witnessed varied funding activities.

The data gathered by Entrackr revealed that growth and late-stage funding dominated, accounting for $1.6 billion from 17 deals, with early-stage startups raising $405 million through 100 deals. Additionally, 17 funding rounds remained undisclosed, reflecting a diverse funding environment.

Compared to previous months and the same period last year, February 2026 stood out with a remarkable funding increase. The month’s $2 billion funding surpassed January’s $930 million and December’s $870 million, signifying a positive trend. Year-on-year, the funding rebounded from $803 million in February 2025, with deal activity escalating from 98 to 134 deals.

The top 10 growth-stage deals included Neysa’s $1.2 billion Series B round, Drivn securing $80 million, and IDfy raising $53 million in Series F funding. Noteworthy startups such as The Whole Truth and Supertails also attracted substantial investments, highlighting a diverse investment landscape spanning AI, EVs, SaaS, fintech, and more.

In the early-stage funding category, Temple led with a $54 million seed round, followed by Showroom B2B at $17 million and Xflow securing $16.6 million in Series A rounds. These deals encompassed various sectors like healthtech, fintech, AI, semiconductors, e-commerce, and more, reflecting the broader scope of investments in the ecosystem.

Source: Entrackr : Latest Posts