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Bottomline: Lightrock-backed axio's FY23 revenue doubles but losses widen too

TMT

02 February, 2024

Bottomline: Lightrock-backed axio's FY23 revenue doubles but losses widen too

Non-banking lender axio, which counts Lightrock, Amazon, Elevation Capital, Sequoia Capital and Ribbit Capital amongst its investors, improved its revenue ......

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Bottomline: Udaan's NBFC arm takes a hit in revenue as group goes through optimisation

Finance

30 January, 2024

Bottomline: Udaan's NBFC arm takes a hit in revenue as group goes through optimisation

Hiveloop Capital, the NBFC subsidiary of business-to-business e-commerce unicorn Udaan recorded a decline in its revenue for FY23, even as ......

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Bottomline: Affirma-backed nutraceuticals maker Tirupati's financial see-saw continues

Healthcare

25 January, 2024

Bottomline: Affirma-backed nutraceuticals maker Tirupati's financial see-saw continues

Nutraceuticals maker Tirupati Medicare recorded a hit in operational margin in FY23 after fluctuations last fiscal, even as the company’s ......

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Bottomline: PE-backed IBS Software accelerates growth amid travel boom

TMT

23 January, 2024

Bottomline: PE-backed IBS Software accelerates growth amid travel boom

IBS Software Pvt. Ltd, a provider of software products and services to aviation and hospitality companies, has managed to accelerate ......

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Bottomline: InvAscent-backed Symbiotec has struggled to break out; will FY25 be different?

Healthcare

19 January, 2024

Bottomline: InvAscent-backed Symbiotec has struggled to break out; will FY25 be different?

Homegrown corticosteroid and hormones API-maker Symbiotec Lifesciences Pvt. Ltd’s revenue and profitability took a hit in FY23, even as the ......

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Bottomline: PE-backed Carzonrent bounced back but lack of tailwinds restricts revival

Consumer

18 January, 2024

Bottomline: PE-backed Carzonrent bounced back but lack of tailwinds restricts revival

Car rental and corporate travel service Carzonrent India Pvt. Ltd has yet again hit a roadblock after seeing a recovery ......

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Bottomline: Bessemer-backed digital media firm Hungama's business just fell off a cliff

TMT

16 January, 2024

Bottomline: Bessemer-backed digital media firm Hungama's business just fell off a cliff

Homegrown digital media and entertainment venture Hungama Digital, which publishes and distributes audio and visual content, has slipped into wider ......

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Bottomline: ChrysCap, SWFs-backed Intas Pharma facing headwinds

Healthcare

05 January, 2024

Bottomline: ChrysCap, SWFs-backed Intas Pharma facing headwinds

Gujarat-based drugmaker Intas Pharmaceuticals Ltd has had a nearly three-decade-long tryst with private equity investors, having raised capital from ICICI ......

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Bottomline: Accel-backed Power2SME's FY23 revenue rises, but at a cost

TMT

11 December, 2023

Bottomline: Accel-backed Power2SME's FY23 revenue rises, but at a cost

Business-to-business industrials marketplace Power2SME’s topline grew in the financial year through March 2023 even as its net loss increased slightly, ......

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Bottomline: VC-backed LoanTap's AUM shrinks, NPAs jump amid funding delay

Finance

30 November, 2023

Bottomline: VC-backed LoanTap's AUM shrinks, NPAs jump amid funding delay

LoanTap, a digital lending startup that offers customised loans to salaried professionals, is going through a tough phase with its ......