The company plans to utilise the funds to expand its presence in South Asia and North America.
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The company's valuation after this investment is around Rs 2,500 crore (USD 300 million). Astrotalk aims to achieve a revenue of Rs 620-630 crore with a profit of Rs 120 crore in FY24
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The new funds will likely support Ather's new product launches and the expansion of its charging infrastructure and retail dealership network
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According to market repots, the Indian sports apparel market was valued at USD 673.34 million in 2022. Moreover, it is expected to reach USD 1926.10 million by 2029, growing at a CAGR of 16.2 per cent
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The Mumbai-based firm had sold a 10 per cent stake in RDC Concrete to a group of investors led by Ashish Kacholia in November 2023. It bought the ready-mix company for about USD 90 million in mid-2021
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The company previously raised a pre-seed round of USD 1.1 million in 2023, led by Eximius Ventures and participation from DSP HMK, Capri Global, Upsparks Capital, MGA Ventures and Climber Capital
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In FY24, the company sold 3,700 vehicles and expanded its presence from 5 to 22 cities. As of now, Euler Motors has raised a total of Rs 770 crore
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The company’s platform promises to make Gen AI app development up to 4x faster. The platform also promises to cut down development costs by up to 70 per cent
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The company has experienced 40-50 per cent revenue growth in FY24, reflecting the post-COVID growth in India's beauty and personal care sector
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As customer acquisition costs soar, consumer companies are rushing to find new ways to make their apps appealing by building super apps that offer multiple services
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