Zomato is one of India’s biggest tech success stories, founded in 2008 by Deepinder Goyal. It started as a restaurant listing platform and evolved into a food delivery + quick commerce giant.

Today, Zomato operates under its parent company Eternal Ltd, which includes:

• Zomato (Food Delivery)
• Blinkit (Quick Commerce)
• Hyperpure (B2B supplies)
• District (Events & Ticketing)

📊 Zomato Revenue & Financial Performance

💰 Revenue Growth

• Recent quarterly revenue: ₹16,315 crore (massive growth phase)
• Strong YoY revenue jump driven mainly by Blinkit (quick commerce)

👉 Zomato is no longer just a food delivery company —
Quick commerce is now the biggest growth engine. (more…)

boAt Lifestyle started as a D2C (Direct-to-Consumer) success story in India. Founded by Aman Gupta and Sameer Mehta, the brand quickly dominated the audio & wearable market with affordable, stylish products.

• Founded: 2014
• Revenue Peak: ~₹3000+ crore
• Market Position: Among top wearable brands globally

But today, the story is no longer just about growth — it’s about pressure, competition, and survival before IPO.

📊 boAt Financial Performance (Reality Check)

According to IPO filings:

• FY23 Revenue: ₹3403 crore
• FY24 Revenue: ₹3135 crore
• FY25 Revenue: ₹3097 crore
• FY23 Loss: ₹129 crore
• FY24 Loss: ₹79 crore
• FY25 Profit: ₹61 crore

👉 Key Insight:

• Revenue is declining
• Profit came only after cost-cutting
• Growth momentum has slowed

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Company Name : Girnar Software
Funding Amount : Undisclosed
Investor(s) Google Capital, Hillhouse Capital
Funding Round : Not Disclosed

Girnar Software, the parent company of CarDekho, Gaadi and Zigwheels, recently received an investment from Google Capital with participation from existing investor Hillhouse Capital. (more…)

Company Name : BYJU’s
Funding Amount : $75 million
Investor(s) Sequoia India, Sofina
Funding Round : Not Disclosed

BYJU’s has secured $75 million from Sequoia India and Belgian investor Sofina. The newly raised funds will be used to add more products in its app and also for international expansion.

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Company Name : BigBasket
Funding Amount : $150 million
Investor(s) Abraaj Group
Funding Round : Not Disclosed

BigBasket has raised $150 million led by UAE’s Abraaj Group. Existing investors including Bessemer Venture Partners, Helion Advisors, International Finance Corp and Sands Capital also participated in the round.

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Company Name : eKincare
Funding Amount : Rs 2.2 crore
Investor(s) Bitkemy Ventures, Maheshwari Investment, Anshoo Gaur, RamaKrishna Reddy
Funding Round : Pre-Series A

Hyderabad based eKincare that enables users to monitor their critical medical information has secured Rs 2.2 crore in pre-series A round of funding.

(more…)

Indian Startup Funding & Investment – 2015-16

March 2016

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