India after breaking all the stereotypes involving women, produced more than 8000 start-ups led by women founders involving 2316 companies that received funding and around 6000 firms that are unfunded yet. 590 startups out of the total unfunded companies have secured a revenue of more than $30,000. In India, women only own 18-20% of all the start-ups while 18-20% of unicorns have female co-founders.
Till now Indian tech start-ups have raised $155 billion in total as funding, where 14.8% of the total funding is raised by women-led start-ups as it raised nearly $23 billion according to a report by Tracxn.
In 2020 a total amount of $17 billion in funding was raised by women-led start-ups globally and almost 17% out of the total fund, Indian women founders raised the funds worth $2.9 billion. After the United States, the Indian start-up ecosystem holds a second position in terms of funding raised by companies with women founders.
In India, Bengaluru holds the rank 1 as it raised $9.5 billion for women-led tech start-ups but in terms of numbers, the Delhi-NCR region took the lead with around 2300 firms formed by businesswomen to date.
Start-ups founded by women witnessed a drop of 75% in funding to $1.1 billion in 2023 from $4.5 billion in 2022. Reports say that venture capital funding for women fell to 9.3% in 3023 from 14.7% in 2021.
Meanwhile, LetsVenture, Wellfound, and Venture Catalysts are the most active investors in companies that are founded by women. Amid all odds and disadvantages, women-led start-ups in India keeps thriving in B2C e-commerce, SaaS companies followed by internet-first brand companies, and so on
So In this article, we are presenting 20 startups led by women in India to let the world know that big dreams are achievable.
1. BabyChakra
India’s fastest-growing online community platform for parents, BabyChakra was founded by former Harward Business School graduate, Naiyya Saggi in 2015. BabyChakra is one of the largest for pregnancy-related issues and childcare in the country. The B2C-modeled company caters to all the needs of parents for their young ones. It has its headquarters in Mumbai.
First Traction
The brand raised its first seed funding in January 2015. The amount raised was $300K. The company had a valuation of $1M at that time.
Financial Record
The Mumbai-headquartered firm is valued at $11.5M as of 2 March 2020. The firm generated a total revenue of ₹115.9L in FY19. The overall revenue surged to ₹266L in the next financial year. The company currently has a valuation of $11.5M. The net loss incurred in FY19 was 728.8L. It was reduced to ₹552.7L in FY19-20. The reductions were done by managing the expenses. One of the most trusted brands by Indian parents, BabyChakra has raised $4.78M over 8 rounds—the largest funding of $1.5M in Series A was announced in June 2018.
Competitors
The top active competitors of this startup include companies like BabyCenter, Parentune, Mama, BubStreet, and The Bump. BabyChakra as of now has a market share of 8%.
Recent In News
Good Glamm Group’s babycare arm, BabyChakra raised an undisclosed amount of funding from Dia Mirza. As per the latest news, Dia Will help the D2C-modeled brand incorporate sustainable and clean care principles into their product ranges.
2. Byju’s
Divya Gokulnath, an Indian educator and entrepreneur co-founded Byju’s in 2011. It is an Indian multinational educational company that works in the edutech sector. The Bengaluru-headquartered online education platform aims to provide highly adaptive and effective learning solutions to students worldwide. It along with providing high school education, makes students ready for a variety of competitive exams.
First Traction
During the initial days, the company focused on offering online video-based learning programs for competitive exams. It received its first seed funding in 2013 from Aarin Capital.
Financial Record
Byju’s gross revenue for the financial year 2021 was ₹2,280Cr which surgery to ₹5,015Cr in FY2022. More than half of revenue in 2022 was generated by its core business of selling educational videos on tablets. The net loss was ₹4,564Cr in FY20-21. It further ballooned to ₹8,245Cr in the FY22. Its crown jewel – Aakash Educational Services recorded an overall revenue of ₹1,491Cr in 2022. Great Learning, one of its promising subsidiaries saw its revenue grow 1.8x to Rs 628 crore in FY22 from Rs 354 crore the year before.
Competitor
The firm has a lot of alternatives, especially in India. It faces fierce competition from other edutech platforms such as Unacademy, Vedantu, Toppr, and Brainly.
Recent In News
The Karnataka High Court recently rejected the National Company Law Tribunal (NCLT) stay on Byju’s $200M rights issue, in a temporary reprieve for the online educational services provider.
3. Clovia
Founded in 2012 by Neha Kant, Clovia is a premier fashion, lingerie, and personal care brand for urban Indian women. The company has redefined the lingerie market by breaking the old standard fits, colors, and sizes. The D2C brand offers customers a wide variety of choices in ‘everyday essentials’, along with ‘fashion solutions’ to keep up with customers’ evolving wardrobes. The Noida-headquartered firm is one of India’s fastest-growing lingerie brands.
First Traction
The lingerie retailer brand’s core team includes Neha Kant, Pankaj Vermani, and Suman Chowdhury. The firm raised its seed funding in April 2013. The amount raised was $1.4M. The overall revenue in that year was $61.8K.
Financial Record
The Noida-based lingerie retailer firm has raised $24.85M over 8 rounds while the amount generated from 2 fundings remains undisclosed. The latest funding was secured in Series B in July 2021. The investment was led by She Capital and Golden Birch Resources. The D2C company is valued at $41.6M. The gross revenue for the financial year 2022 was ₹171.5Cr and the net loss was ₹52.2Cr. The total revenue rose to ₹295.5Cr in the next financial year while the net loss incurred in FY23 was ₹80.9Cr.
Competitors
Clovia has a market share of 9% approximately as of now. The competitors of the startup are Zivame, CandySkin, Bummer, and Krwy.
Recent In News
By the end of this financial year, Clovia aims to double its retail outlets. The company expects to have around 70-75 outlets in the next 2 years.
4. CreditMantri
Co-founded by Punja Gurugraj, CreditMantri is a one-step destination to take control of your finances. Founded in 2012, it was developed with the aim to change the way credit is delivered in India by leveraging the power of technology and digital media. It offers efficient decision-making for both lenders and borrowers by providing a wide range of data insights. The Chennai-headquartered firm aims to empower consumers to know their Credit potential and benefit from this knowledge.
First Traction
The fintech sector startup announced its first funding on 19 May 2015. The funding was done in Series A round and the amount was $2.5M. The company’s valuation at that time was $6.2M.
Financial Records
Serving in the B2B, B2C space, the firm’s valuation stands at $21.2M. CreditMantri’s gross revenue in the fiscal year was ₹2,716.1L which surged to ₹4,471.5L in FY23. The company has recorded profitability for the last two financial years. The net profit in 2022 was ₹178.4L. It increased to ₹286.2L in the next financial year. The Chennai-based startup has till now raised $14.4M over 5 rounds. The latest funding was in Series B of $809K led by Accion, IDG Capital, and Elevar Equity.
Competitors
CreditMantri’s top competitors include Ice Kredit, ID Finance, LendStreet, ClearScore, IndiaLends, WeCash, and Juvo.
5. Hasura
Established in 2017, the San Francisco-headquartered Hasura is an open-source product that auto-generates GraphQL or REST APIs with a built-in authorization layer for one’s data. It was founded by Rajoshi Ghosh. Working in the B2B space the company was originally founded in Bengaluru. Hasura is a technology startup that operates in the application programming interface(API) development market. This software technology company aims to make developer-focused tooling products.
First Traction
The firm received its first funding on 2 August 2017 as seed funding of $1.6M. The valuation of the company at that time stood at $5.7M. In January 2019, it raised another seed funding with the amount being undisclosed. The investment was led by Nexus Ventures Partners.
Financial Report
Hasura Technologies Private Limited in FY19-20 generated a total revenue of ₹48L. The net loss incurred in the previously mentioned financial year was ₹175.7L. It is estimated that the startup’s annual revenue is $28.9M per year. The revenue per employee is $150,500 and has raised $239M over 6 rounds. With its latest funding in Series C of $100M, the firm gained unicorn status as its valuation crossed the $1B mark. The food-tech-based brand recorded a 31% YoY growth in employee count with 192 employees under its wings now.
Competitors
Hasura has approximately 13 major competitors in the market. ZettaBlock and Loppi are a few of its alternatives. The San Francisco-headquartered firm currently leads the market share.
6. Limeroad
Owned by V Mart Retail Limited, Limeroad is an Indian online marketplace. The company is based in Gurugram. Founded in 2012 by Suchi Mukherjee along with Manish Saksena and Ankush Mehra, the firm works in the E-Commerce sector. The startup aims to create the most delightful discovery platform and to be the largest distribution platform for sellers in the nation hence fuelling growth, profitability, and employment in one of India’s oldest industries.
First Traction
The company’s first reported funding was led by Matrix Partners and LightSpeed Ventures. The funding was raised in a Series A round and the amount was $5M.
Financial Report
The online fashion marketplace has recorded a great decline in overall revenue over the years. The firm which registered ₹179.95Cr of revenue in FY20 reported total revenue of only ₹79.64Cr in FY21 and ₹69.31Cr in FY21-22. V-Mart retail limited in 2022 acquired Limeroad at a lump-sum amount of ₹31.12Cr, which is one-tenth of the ₹350Cr raised by the e-commerce-focused brand in Venture Capital once.
Competitors
The firm faces huge competition from more well-established startups like Myntra, AJIO, Snapdeal, Baggout, and FashionAndYou.
7. Mamaearth
The Gurugram-headquartered retail company Mamaearth works in the E-Commerce space. It was founded in 2016 by Ghazal Alagh. The firm offers multi-category organic beauty care products. It has a huge range of products including shampoos, conditioners, body lotions, face wash, body wash, moisturizers, lip balms, and many more. It also offers baby care products and color cosmetics like lipsticks, lip balms, foundation, and so on. The D2C-modeled startup gained unicorn status a few years back. The co-founder of the company, Ghazal Alagh was also seen as a “shark” in Shark Tank India Season 1.
First Traction
The brand operating in skincare, haircare, and other baby care products raised its first seed funding on 5 December 2016. The amount raised was $111K and the investment was led by Fireside Ventures.
Financial Report
The firm reported an annual revenue of ₹964.3Cr in FY21-22. The gross revenue surged to ₹1,515.3Cr in the next financial year. The Computed Annual Growth Rate (CAGR) stands at 203% in the last 5 years. The Gurugram-based company incurred a net profit of ₹14.4Cr, moving into the profitability bracket for the first time in the last 3 years. But in FY22-23, it reported a net loss of ₹151Cr.
Competitors
Amwoodo has been its biggest competition for quite a time now. Other alternatives include Pilgrim, The Ayurveda Experience, Just Herbs, and WOW Skin Science. Mamaearth as of now has a 19% market share equaling with Amwoodo.
Recent In News
The shares of Honasa Consumer, the parent company of Mamaearth have fallen by 4.5% in trade this previous month as a block deal worth ₹291Cr took place on the exchanges.
8. Menstrupedia Comic
Menstrupedia Comic is a guide to educate Indian people about menstruation. It is regarded as one of the must-read comic books for every girl child. It is considered to be the most creative and best period-guide for every 9-year-old girl and above. Famous Indian author, Aditi Gupta is the co-founder of Menstrupedia Comic. She along with her husband, both National Institute of Design Alumni, founded the company in 2012.
First Traction
The firm was an entirely self-funded venture for a year. But in May 2013, it announced the launching of crowdfunding as they ran out of funds to complete further processes. The crowdfunding campaign finished in Aug 2013 and was a huge success as it recorded 175 contributors and more than the targeted amount being raised.
Financial Record
As of now, Menstrupedia Technologies Private Limited is an unlisted private company. The Gujarat-headquartered firm’s operating revenue ranges between ₹1Cr-100Cr for the financial year ending on 31 March 2023. Its EBITDA has increased by 47,325.24% over the previous year. At the same time, its book net worth has increased by 10,834.46 %. Menstrupedia has raised a total funding of $65.5K over 1 round. The funding was raised from an angel investor, Namita Thapar
Competitors
The firm faces challenges from other well-established firms such as Medical News Today, NHS Choices, What to Expect, and WebMD.
9. MobiKwik
This Indian payment service-providing platform was founded by the Husband-Wife duo of Bipin Preet Singh and Upasana Taku in 2009. The Gurugram-headquartered service provider enables customers to add money to a built-in online wallet which can be further used to make payments online. It also has a variety of financial services under its belt such as accident insurance, life insurance, loans, credit card bill payment, DTH recharge, etc.
First Traction
In 2013, after co-founder Bipin’s initial $250K seed investment, MobiKwik reported its first funding on 1 June 2013. It was a Series A funding of $5M led by Peak XV Partners
Financial Record
The super-powered payment app’s gross revenue for the fiscal year ending 31 March 2022 was ₹543.2Cr. The overall revenue increased slightly to ₹561.1Cr the next year. The net loss recorded by the firm was ₹128.2Cr in FY21-22. The company managed to cut its losses by approximately 33% the next year as the net loss was ₹83.8Cr in FY23. The combined annual growth rate (CAGR) for the last 5 years stands at 36%. The firm has raised $269M over 21 rounds.
Competitors
The top 6 competitors of MobiKwik are Freecharge, easemydeal, airtel, jio, BSNL, and Telecomtalk.
Recent In News
The fintech firm in January this year filed its preliminary papers with market regulators Sebi to raise ₹700Cr through its first Initial Public Offering (IPO).
10. Nykaa
India’s leading omnibeauty channel platform Nykaa was founded by Falguni Nayar in 2012. She saw some disparities in the Indian market for cosmetics like a lack of product availability across the country, and delays in deliveries, and was motivated by the huge demand for beauty and cosmetic products in India. The B2C-modeled firm majorly deals in cosmetics for women. Nykaa offers a well-curated comprehensive selection of makeup, skincare, haircare, bath and body, fragrance, grooming appliances, personal care, and health and wellness categories.
First Traction
The e-commerce brand started with 3 people. It closed its first-ever round in Series A of ₹20Cr. Harindarpal Singh Banga and his wife Indra Banga were the earliest investors in the startup.
Financial Record
Nykaa’s net revenue flourished 36.3% to ₹5,144 crore during the fiscal year ending March 2023 as compared to ₹3,774 crore in FY22, according to the company’s consolidated annual financial statements with the National Stock Exchange. The B2C-modeled brands’ total expenses also increased by 36.8% to ₹5,135 crore during FY23 in comparison to ₹3,753 crore in FY22. Reportedly, the EBITDA margin and ROCE of the company improved to 5.53% and 6.45% respectively in FY23. To date, the company has raised a total of $373 Million in funding over 15 rounds. The company currently has a valuation of $14 Billion.
Competitors
Purplle, Myntra, Tatacliq, and Ajio are the top competitors of the E-Commerce startup. However, Nykaa currently has the majority of the market share.
Recent In News
The shares of FSN E-Commerce Venture rose by 3% on the Bombay Stock Exchange(BSE) last month to ₹176.60 as the company held its investors’ meeting. The board members expressed confidence regarding the growth of the business.
11. Pristyn Care
Founded by Dr.Garima Sawhney, Harsimarbir Singh, and Dr. Vaibhav Kapoor in 2018, Pristyn Care is a health-tech firm specializing in minimally invasive medical and surgical inventions. The company covers various medical studies and surgeries including proctology, gynecology, urology, IVF, vascular, laparoscopy, anesthetics, otorhinolaryngology, and ophthalmology. The organization has a network of more than 700 partnered hospitals and 100 clinics.
First Traction
The Gurugram-headquartered firm’s first noteworthy funding was raised in a Series A round in June 2019. The funding amount was $4M and the investment was led by Sequoia Capital India.
Financial Record
Delhi NCR-based healthtech Pristyn Care’s revenue from operations in FY23 rose to ₹452.8Cr from ₹312.7Cr in the previous fiscal year. Hence a surge of 1.4X was reported in operational revenue. The Peak XV Ventures-backed firm’s total revenue rose to ₹493.7Cr in FY22-23 from ₹338.9Cr in FY22. The net loss incurred in 2022 was ₹277.1Cr which grew by 38 to ₹382.5Cr in the next financial year. The total expenditure increased to ₹876.8 Cr in FY23, a rise of 42% from ₹616 Cr in the previous year.
Competitors
The Top alternatives to Pristyn Care are OptumCare, CiverMed, CVS Health, Speedoc, Plum, and Maxim Healthcare Services.
Recent In News
Health tech firm Pristyn Care aims for profitability by the end of this year and is eyeing for its Initial Public Offering (IPO) in the next three years.
12. Rivigo
Revolutionizing logistics in India with the fastest, safest, and most reliable express deliveries, Rivigo is a technology-enabled logistics platform provider offering transport services. It was co-founded by Gazal Kalra in 2014. The Gurugram-headquartered firm is a part of Mahindra Logistics. The firm aims to modernize goods mobility and bring down the overall logistics cost in the country. Operating a pan-India B2B express network, Rivigo focuses on zero-defect operations and customer-centricity to drive excellence using world-class technology.
First Traction
The company raised its first seed funding in August 2014. The amount of the funding was $1.7M. The company was valued at $10.4M at that time. A year later it secured Series A funding of $9.9M.
Financial Record
The overall revenue generated by the firm in the financial year 2022 was ₹313.9Cr which reduced significantly to ₹114.1Cr in the next financial year. In 2022, the company became profitable recording a net profit of ₹78.4Cr. The Gurugram-based logistics platform provider reported a net profit of ₹69.1Cr in FY22-23. The firm has a valuation of $30.2M as of August 2022. It has raised $314M over 16 rounds to date.
Competitors
Good Move Logistics and Transport leads the market share (25%) in this sector. Other worth-mentioning competitors include XP India, TruckGuru, Weeple, and Tiranga Logistics.
13. She Capital
Founded in 2018 by Anisha Singh, She Capital operates in the fintech sector as it is a Venture Capital firm that seeks to invest in early-stage startups. It is India’s leading diversity fund that invests in companies or businesses specifically led by women of India. They currently invest at the Seed, Pre-Series A, and Series A stages of the round. The early-stage Venture Capital (VC) has its headquarters in New Delhi.
First Traction
She Capital invested in Yuva Kabaddi which operates in the movies, music, and entertainment sectors. This was the early-stage VC’s 5th investment. The firm has invested in 14 startups as of now
Financial Record
The investment trends of She Capital show that the firm has made 3 investments in 2024. The maximum investments in a single year stands at 5 which were made in 2022 and 2023. The young Venture Capital also funded a startup in 2019 and 2020. The maximum investments have been made in the Series A round. The average round size for Series A stands at $2.04M. It is followed by the seed round. Five investments have been made in this round by the firm. The average round size for the seed round is $1.4M. The mean round size for Pre-Series A is $4M.
Recent In News
SheCapital’s latest investment was on 02 May 2024 in Ellementery, a company within the home furnishings industry.
14. SHEROES
Sheroes is a women’s community platform offering support, resources, and interactions through its website. It is the Women-Only social networking platform which is a safe and trusted space for women. It allows users to discuss health, careers, and relationships and share their life stories, achievements, and moments. The Delhi-headquartered startup was founded by Sairee Chahal in 2014.
First Traction
Initially, SHEROES started as a helpline number. It secured seed funding on 12 August 2015. The amount of the funding was $748K.
Financial Record
The women’s online community startup has raised $5.98M over 6 rounds. The latest funding was done in a Series A round in December 2021, the amount of the funding remains undisclosed. Sheroes’s valuation is $30M as of 5 December 2020. The rest of the financials of this startup have not yet been reported officially.
Competitors
Sheroes’s top competitors in the Indian market include HerKey, Fairygodboss, and Pepul.
15. ShopClues
ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd. The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal, and Radhika Aggarwal. Operating in the E-Commerce sector the company is backed by major Venture Capital firms like Tiger Global Management, Helion Ventures, and Nexus Ventures Partners. The Gurugram-headquartered firm joined the Unicorn Club in January 2016.
First Traction
The B2C-modeled startup raised its first funding on June 01, 2011. In 2015, ShopClues was valued at $1.1 billion. In July 2016, ShopClues collaborated with a hybrid e-commerce company, StoreKing to promote its products.
Financial Record
The Gurugram-based e-commerce marketplace ShopClue’s revenue in the financial year 2018 was $25.81M. The sale of services contributed 81.2% of its revenue from operations. The net loss incurred in 2018 was ₹208Cr. In FY19, the losses were reduced to ₹69Cr as per the regulatory filings. In 2019, the troubled E-Commerce platform was acquired by Singapore-based Qoo10 with stock valued at US$70 million. It was recorded as one of the biggest valuation meltdowns of an Indian-based startup at that time
Competitors
The online marketplace ShopClues could not steady itself among competitors like Limeroad, Snapdeal, Amazon India, and Flipkart
16. The Good Glamm Group
Founded by the trio of Darpan Sanghvi, Priyanka Gill and Naiyya Saggi The Good Glamm Group is a content-to-commerce company that produces and sells personal care and cosmetic products, with operations in India, Dubai, Singapore, and the USA. It is one of Asia’s Largest Platforms to support and accelerate the growth of Mom Micro- Entrepreneurs.
First Traction
The firm reported its funding on 7 April 2016. The amount of the funding was $5.99M and it was done in a Series A round.
Financial Record
The Good Glamm Group operating revenues surged 4.9X to ₹240Cr in FY21-22 from ₹49.3Cr in the previous fiscal year. Subsequently, the net loss incurred by the company rose 6.3X to ₹272.8Cr in FY22 from ₹43.6Cr in 2021, the company’s consolidated financial statement with the Registrar of Companies shows. Its EBITDA margin and ROCE stood at -92.37% and -14.71% respectively in FY22.
Competitors
The firm’s similar companies include Ooyala, Electrify Video Partners, NECF, and POSTOPLAN.
Recent in News
The legal battle among Good Glamm group, its portfolio firms, and their investors has intensified, with the content-to-commerce company initiating arbitration proceedings against the Indian Angel Network (IAN). The Mumbai-headquartered firm, which has received legal notices from the founders and shareholders of some of the startups it acquired in 2021, initiated the proceedings against the angel investor group at the Indian Council of Arbitration.
17. Yatra
The travel-tech company, Yatra was founded in 2006 by Dhruv Shringi, Manish Amin, and Sabina Chopra. It is India’s leading travel service provider. The Gurugram-headquartered firm provides services such as flight bookings, hotel booking, bus tickets, train tickets, flight and stay, and holiday packages on its platform. It is a one-stop destination for solving all travel-related issues.
First Traction
Yatra raised its first funding in January 2006. It has as of now raised a total funding of $87.5M over 7 rounds. In April 2012, it became the second-largest online travel service in India, with a 30 percent share of the market for online travel-related transactions.
Financial Record
The overall revenue of the B2C-modeled firm stood at ₹198.9Cr in FY22 which grew 56.5% from ₹112.2Cr revenue generated in FY20-21. The online travel aggregator(OTA) Yatra reported a 59.6% decline in its loss for the financial year 2022, as the net loss reported in FY22 was ₹48.2Cr. The Delhi NCR-based travel tech platform has raised $87.5M over 07 rounds.
Competitors
The firm faces fierce competition from companies like Goibibo, ixigo, MakeMyTrip, redBus, cleartrip, and EaseMyTrip.
Recent In News
Online travel agency Yatra signed an agreement to provide travel services to Indian pharmaceutical giant Cipla – in line with the company’s strategy to focus efforts on the more profitable corporate business.
18. YourStory
YourStory is India’s biggest platform dedicated to fostering the startup ecosystem via entrepreneurship-related stories, resources, products, and transactions. It is a definitive source for connections, communications, and content that powers brands and business objectives. It was founded in 2008 by Shradha Sharma, an ex-brand advisor at The Times of India. The digital media platform has its headquarters in Bengaluru
First Traction
The online media platform received its first funding on July 25, 2015. It was in a Series A round and the amount of the funding was $2.5M. The company had a valuation of $9.7M at that time.
Financial Record
The annual revenue reported by the firm in FY20 was ₹2,683.5L which surged to ₹3,137.7L in the next financial year. The company has a valuation of $37.2M as of August 2022. The firm has managed to remain profitable in FY20 and FY21. The net profit earned in 2020 was ₹65.3L which increased to ₹105L in 2021. Operating in the Media and Entertainment sector the startups has raised $11.9M in over 5 rounds.
Competitors
Inc42 has been its toughest competitor in the market. Alongside Inc42, Entrackr, Tech in Asia, and VCCircle are its other alternatives.
19. Zivame
The Bengaluru-headquartered Zivame operates an online lingerie store for women. It was founded in 2011 by Richa Kar. The online lingerie store is one of India’s top-selling B2C intimate wear brands. It has over 150 retail stores and a presence in 4000+ partnered stores across the country. The main aim behind founding Zivame was to allow women to shop for intimate apparel without having the fear of being judged.
First Traction
Zivame’s first funding round was on March 14, 2012. It was done in a Series A round and the amount was $3M, the investment was led by Chiratae Ventures. Both Kalaari and IDG Ventures had invested in the firm during this period.
Financial Record
The Trifecta Capital-backed firm gross revenue rose by 60% to ₹138Cr in FY19 from ₹82.8Cr in FY18. The marketing expenses decreased 18% YoY from 2018-19. The company managed to reduce its losses from operations by 44 percent. The losses from operations decline to ₹18Cr in FY18-19 from ₹32Cr in the previous financial year. The E-Commerce platform has raised $73M over 8 rounds to date.
Competitors
The Top competitors of India’s leading lingerie brands include Clovia, ShyAway, Amantelingerie, and Jockey.
Recent In News
Actoserba Active Wholesale, which owns the online lingerie store and became a part of Reliance Retail reported a 31% drop in sales to ₹147 crore for 2020-21, while its net loss also decreased by 11% to ₹42 crore.
20. Zolostays
Founded in 2015 by the trio of Dr. Nikhil Sikri, Akhil Sikri, and Sneha Choudhary, Zolostays is a real-tech co-living-focused app that provides ready-to-move rooms/beds. Zolo uses bulk inventory in usually residential townships and ties up with real estate companies to make the rooms/beds available. It uses the Internet of Things (IoT) technology for water and electricity billing. During the pandemic, Zolo provided 75 rent-free accommodation to those who lost their jobs.
First Traction
Operating in the Real Estate space it started off with $1M funding from Nexus Ventures Partners.
Financial Record
The B2C-modeled firm expects to achieve a revenue of ₹660Cr for the FY23-24. The company’s revenue stood at ₹140Cr in 2022 which surged to ₹300Cr in FY23. The firm also reported that its EBITDA margin for FY23 is positive. In FY23, the company’s expenses rose 1.5X to ₹167.9 crore as compared to the preceding year’s ₹112.4 crore. It spent over 42% on employee benefits and close to 3% of the total expenses on legal and professional charges in 2023. The firm stands at a valuation of ₹1,407.3Cr. It has raised ₹863.2Cr over 10 funding rounds to date.
Competitors
The firm faces tough challenges from its alternatives like StanzaLiving, OYO, NestAway, Hello World, Colive, Housr, and Firstup Spaces.
Recent In News
Last year, Akhil Sikri stepped down as co-founder of the startup in the course of launching a new venture firm.
Note- Present all the startups mentioned above alphabetically, without any promotions involved.
