Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to Rs 18 crore. Despite reduced expenses (down 14% to Rs 28 crore), losses rose 11% to Rs 8.2 crore. Key costs included advertising (33%), materials (25%), and employee benefits (10%). Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. Major stakeholders include ... moreJuicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to Rs 18 crore. Despite reduced expenses (down 14% to Rs 28 crore), losses rose 11% to Rs 8.2 crore. Key costs included advertising (33%), materials (25%), and employee benefits (10%). Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. Major stakeholders include its Promoters, Amit Nanavati, Verlinvest, and Purplle.
Trendlyne’s scale grew 50% in FY23, profits dwindle 15%
Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne wa... moreTrendlyne’s scale grew 50% in FY23, profits dwindle 15%
Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne was founded by Amber Pabreja and is funded by investors like IIFL Finance.
FinBox recorded over two fold rise in scale in FY23
Mumbai-based fintech firm FinBox more than doubled its revenue to Rs 36.2 crore in FY23, with 91% from operations. Founded by Rajat Deshpande, Anant Deshpande, and Nikhil Bhawsinka, FinBox offers digital credit products and credit intelligence. Despite raising Rs 116 crore in 2022, expenses surged to Rs 59 crore, leading to a 21-fold increase in losses to Rs 23 crore.
Mumbai-based fintech firm FinBox more than doubled its revenue to Rs 36.2 crore in FY23, with 91% from operations. Founded by Rajat Deshpande, Anant Deshpande, and Nikhil Bhawsinka, FinBox offers digital credit products and credit intelligence. Despite raising Rs 116 crore in 2022, expenses surged to Rs 59 crore, leading to a 21-fold increase in losses to Rs 23 crore.
Tirex Chargers posted 67% hike in scale in FY23, losses drop 70%
Tirex Chargers, an EV charging company in Ahmedabad, experienced a 67% revenue increase to Rs 13.3 crore in FY23. Offering AC and DC chargers from 7kW to 360kW, it serves various vehicles and has installed 10,000 kW chargers for clients like Foton and Olectra. Despite a 68% rise in expenses, it maintained revenue parity, supported by a Seed round of Rs 15 crore in 2022. Visit - https://thekredible.com/blogs/tirex-chargers-posted-... moreTirex Chargers posted 67% hike in scale in FY23, losses drop 70%
Tirex Chargers, an EV charging company in Ahmedabad, experienced a 67% revenue increase to Rs 13.3 crore in FY23. Offering AC and DC chargers from 7kW to 360kW, it serves various vehicles and has installed 10,000 kW chargers for clients like Foton and Olectra. Despite a 68% rise in expenses, it maintained revenue parity, supported by a Seed round of Rs 15 crore in 2022. Visit - https://thekredible.com/blogs/tirex-chargers-posted-67-hike-in-scale-in-fy23-losses-drop-70
