Startup77

Rohan Verma , CEO and Whole-Time Director of MapmyIndia, will transition from his executive role to become a Non-Executive Director by March 31, 2025. Verma is set to launch a new B2C-focused business, with MapmyIndia investing ₹10 lakh for a 10% equity stake and ₹35 crore through Compulsorily Convertible Debentures (CCDs). Chairman Rakesh Kumar Verma will continue to lead MapmyIndia, steering its geospatial technology advancements. The company also announced strategic investments in SimDaaS Autonomy and Kaiinos GeoSpatial Technologies. Despite a 13.82% revenue growth in Q2 FY25, MapmyIndia recorded an 8.2% dip in net profit compared to the previous year. #RohanVerma #MapmyIndia #LeadershipTransition #GeospatialTechnology #Startup77 #B2CVenture #BusinessInnovation #Entrepreneurship #TechInvestments #CorporateStrategy

Zomato has raised ₹8,500 crore via a Qualified Institutional Placement (QIP), marking its first major fundraising since its IPO in 2021. A significant portion of ₹2,137 crore will be utilized to expand Blinkit, its quick commerce unit, through investments in dark stores and warehouses. Additional funds will focus on marketing efforts to strengthen its competitive edge. Founder and CEO Deepinder Goyal has extended his salary waiver until 2026, showcasing his commitment to the company's growth. A viral Chief of Staff job post by Goyal stirred mixed reactions, highlighting Zomato's innovative approach to talent acquisition. #Zomato #FundingNews #QuickCommerce #BlinkitExpansion #FoodTech #MarketingStrategies #DeepinderGoyal #InnovativeLeadership #BusinessGrowth #Startup77

Hindustan Unilever Limited (HUL) continues to excel in India’s FMCG sector, with 19 brands crossing ₹1,000 crore in revenue. Surf Excel leads the charge, surpassing $1 billion in sales in 2022 and projected to exceed ₹10,000 crore in turnover by FY25. The company’s digital-first approach now accounts for 40% of its ad spend, driven by innovative, customized strategies and rapid deployment cycles. HUL has identified key growth areas in premium skincare, homecare, and wellness, aiming for 2x to 4x growth potential. CEO Rohit Jawa’s vision emphasizes innovation, balanced pricing, and inclusive strategies to secure HUL’s leadership in a dynamic market. #HUL #SurfExcel #FMCG #DigitalTransformation #Premiumization #Innovation #IndiaGrowthStory #ConsumerGoods #Leadership #Startup77

NODWIN Gaming has acquired Trinity Gaming, a leading gaming agency and Creator Service Provider, in a ₹24 crore deal. This acquisition, involving a mix of cash and stock swap, makes Trinity Gaming a wholly-owned subsidiary of NODWIN. Founders Abhishek Aggarwal and Shivam Rao will become NODWIN shareholders and continue leading Trinity. With over 1,000 creators and collaborations with global brands like Samsung and Krafton, Trinity’s expertise will strengthen NODWIN’s capabilities in gaming content and influencer management. The integration will also expand services into emerging markets such as Africa, Southeast Asia, and the Middle East. This acquisition aligns with NODWIN’s strategic growth, complementing its previous acquisitions of global gaming entities, and further solidifies its position in the gaming ecosystem. #NODWINGaming #TrinityGaming #GamingEcosystem #CreatorEconomy #EsportsIndia #GamingCommunity #AcquisitionNews #YouthEngagement #GamingCreators #Startup77

Flipkart-owned Cleartrip reported a Rs 810 crore loss in FY24, despite achieving 98% year-on-year revenue growth, with operational revenue rising to Rs 97 crore. The company's steep expenses, totaling Rs 988 crore, were driven by Rs 400 crore in employee benefits, Rs 128 crore in advertising, and Rs 91 crore in payment gateway charges. Heavy discounting of Rs 525 crore significantly impacted net revenue, leading to a negative EBITDA margin of -399%. Meanwhile, competitors like MakeMyTrip and EaseMyTrip.com remained profitable, highlighting Cleartrip’s challenges in sustaining financial stability amidst intense market competition. #Cleartrip #Flipkart #TravelIndustry #OnlineTravel #RevenueGrowth #BusinessLoss #CompetitiveMarket #StartupNews #MarketStrategy #Startup77

Anandamoy Roychowdhary, Partner at Peak XV Partners's Surge program, has announced his departure from the firm after an 11-year tenure. Starting as Director of Technology in 2013, Roychowdhary played a vital role as a technology advisor to key portfolio companies like Byju’s. Promoted to Partner in June 2023, his exit follows the departure of Piyush Gupta earlier this year. While Peak XV continues to manage $9.2 billion across 13 funds, Roychowdhary’s future plans remain undisclosed. #VentureCapital #PeakXV #StartupLeadership #TechnologyAdvisor #SurgeProgram #InvestmentNews #StartupEcosystem #LeadershipExit #AnandamoyRoychowdhary #Startup77

Info Edge-backed Gramophone reported a significant drop in its GMV, declining 70% from ₹316 crore in FY23 to ₹98 crore in FY24. Founded in 2016 by Nishant Mahatre and Tauseef Khan, the Gurugram-based agritech startup offers solutions like crop protection, seeds, and agri hardware, while connecting farmers with buyers through its "Gram Vyapaar" feature. Despite the scale contraction, the company controlled its expenses, reducing overall costs by 64% to ₹133 crore, leading to a 41% reduction in losses to ₹34 crore in FY24. However, its ROCE and EBITDA margins worsened, and it spent ₹1.36 to earn a rupee. Gramophone has raised over $20 million, with Info Edge holding a 32.89% stake. #Agritech #Gramophone #SustainableFarming #InfoEdge #AgriInnovation #BusinessUpdate #StartupNews #FarmersFirst #AgriTechIndia #Startup77

sebamed has launched its new campaign, Project Skin Deep, in collaboration with Leo Burnett, focusing on the deeper layers of skin to promote long-term skin health. The campaign highlights the science behind Sebamed's products, featuring unfiltered microscopic images of skin before and after use. It challenges traditional beauty standards by showcasing scientific evidence over edited visuals, encouraging consumers to prioritize healthy, science-backed skincare. The campaign runs across digital platforms and billboards, reinforcing Sebamed’s commitment to authentic skincare solutions. #Sebamed #ProjectSkinDeep #SkincareScience #HealthySkin #AuthenticBeauty #ScienceBackedSkincare #SkinCareRevolution #LongTermBeauty #BeautyBeyondSurface #SkinHealth #SebamedIndia #LeoBurnett #InnovationInSkincare #SkinCareCampaign #HealthySkinGoals #BeautyRedefined #Startup77

Niyo Solutions Inc. a fintech startup specializing in financial solutions like international travel cards, has partnered with CleverTap to elevate customer engagement. By utilizing CleverTap’s advanced automation tools, Niyo achieved a 2x increase in click-through rates, optimized conversion rates by 40%, and re-engaged 12% of inactive users through targeted campaigns. This collaboration streamlined onboarding processes, ensured compliance, and improved personalized communication, reducing drop-offs and strengthening customer trust. Both companies aim to revolutionize customer experiences in the travel fintech sector through this strategic alliance. #FintechInnovation #CustomerEngagement #Niyo #CleverTap #PersonalizedExperience #Automation #DigitalTransformation #TravelFintech #TechPartnerships #Startup77

Zomato Limited has raised ₹8,500 crore through a Qualified Institutions Placement (QIP) of equity shares at ₹252.62 per share, reflecting a 5% discount on the floor price. The capital will bolster Zomato's financial strength, supporting strategic growth initiatives, particularly in the quick commerce space via Blinkit. Prominent investors, including Motilal Oswal and ICICI Prudential, participated, with Motilal Oswal acquiring 6.92 crore shares (20.81% of the issue size). Post-transaction, Zomato's paid-up equity share capital has risen to ₹917.28 crore. The company recorded a 68.5% quarter-on-quarter revenue growth in Q2 FY25, reaching ₹4,799 crore, with net profit jumping 4.8x to ₹176 crore. Blinkit leads the quick commerce market with a 46% share, solidifying Zomato’s market dominance. #Zomato #FundingNews #QuickCommerce #Blinkit #EquityPlacement #MarketLeadership #BusinessExpansion #GrowthStrategy #FinancialNews #Startup77