CashKaro.com reports INR 11.1 Cr FY23 loss | Inc42 Media posted on the topic | LinkedIn (2024)

In the financial year 2022-23, CashKaro experienced a positive shift. Their net loss reduced by 25%, dropping from INR 14.8 Cr to INR 11.1 Cr compared to the previous fiscal year. This improvement was aided by the addition of a new revenue stream, which involved selling electronic vouchers. CashKaro's primary focus is on providing consumers with access to various benefits while shopping online. This includes discounts, price comparisons, and special deals across a wide range of ecommerce platforms, spanning over 1,500 options such as Nykaa, Amazon, Flipkart, Tata1MG, and Myntra. Through these offerings, users have the opportunity to earn cashback and rewards. Despite the challenges, CashKaro's total revenue for FY23 rose to INR 251.7 Cr, showing growth from INR 217.8 Cr in the previous fiscal period. This indicates a promising trend for the platform, reflecting its effectiveness in catering to the needs of online shoppers and expanding its revenue sources.CashKaro.com#cashkaro #startupnews #startups #startupnewsindia #businessnews #m18infinity #positivenews #nykaa #amazon #fliplkart #tata1mg #myntra

#Exclusive: Coupons and cashback platform CashKaro.com’s operating revenue jumped over 20% to cross the INR 300 Cr mark in the financial year 2023-24, its cofounder Swati Bhargava said 👇 The Ratan Tata-backed startup is yet to file its financial statements for FY24 with the Ministry of Corporate Affairs. However, as per its unaudited statements, it clocked an operating revenue of INR 302 Cr in the year ended March 31, 2024, Bhargava told Inc42.This would translate to an increase of about 21.5% compared to its operating revenue ofINR 248 Cr in FY23. Founded by Swati Bhargava and Rohan Bhargava in 2013,CashKarooffers coupons, price comparisons, and discounts and allows users to earn cashbacks and rewards for shopping online across over 1,500 ecommerce platforms, including Nykaa, Amazon, Flipkart, Tata 1mg and Myntra.🔗 To read more in detail, click here: https://lnkd.in/gJ8G5TVK#news #revenue #startup

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Flipkart, the renowned e-commerce giant, expressed interest in acquiring Zepto, the Mumbai-based unicorn that has been creating waves in the industry. However, according to a report by ET, Zepto has turned down this offer.Flipkart offered a whopping $2 billion (₹16,701 crores) to acquire Zepto, with the founders having the opportunity to continue managing operations. However, Zepto has decided to pursue a financial round to secure new funding at a staggering valuation of approximately $2.5 billion (220,877 crores), nearly double its previous valuation. This is a clear testament to the incredible momentum and growth witnessed in the quick-commerce sector.Aadit Palicha, the CEO of Zepto, has made it clear that the company is not actively seeking strategic investors at the moment, putting an end to ongoing discussions with external parties, contrary to market rumors.Keep an eye on Zepto as it continues to make waves in the industry, further solidifying its position as a disruptive force in the quick-commerce space. Exciting times lie ahead for this innovative company!#startuppedia #startupnews #zepto #flipkart

You may have a gr8 #product . However if you don't have any customers, then that's worthlessOn the other hand, If you have a #mvp product and even if you have a small trial customer, then that's going to bring you hope & energy to make it better.We, at Digibazaar, getting traction and inquiry from all over India to digitise the local shops who lost their ground because of Amazon, Flipkart, Zomato, Swiggy, Zepto, 1Mg and of similar kinds.Our objective is to empower local shops, increase their sales by providing the e-commerce platform Digibazaar: Online Local Shopping.#startup #startupindia #localbusiness #smallbusiness #delivery #fooddelivery

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Flipkart's bid to acquire Zepto falls through, shaking up the quick commerce space.The quick commerce sector is on a trajectory to redefine e-commerce as we know it, potentially reaching a gross merchandise value (GMV) of around $34 billion by FY29. This isn't just a trend; it's a transformation.📃In a recent turn of events, Flipkart, a Walmart-owned giant, made an offer valuing Zepto at under $2 billion. Still, Zepto declined as Flipkart sought a majority stake, which Zepto was unwilling to give up.Flipkart later launched its quick delivery service rather than purchasing a stake in Zepto, another fast delivery company. This choice shows that more and more companies are focusing on giving customers what they want right away. 🤔But what does this mean for new businesses and investors?💡Zepto's bold decision to focus on a financial round rather than a strategic sale, aiming for a valuation increase and an IPO, speaks volumes about the confidence and ambition driving today's startups. The startups are not solely focused on creating quick exits but also on ensuring long-term viability and maintaining control of their vision.🚀 Flipkart's decision to double down and establish its own quick-commerce vertical underscores the adaptability and resilience of established players in the e-commerce industry. This move sends a clear message that, in the rapidly changing e-commerce landscape, innovation and speed are critical and non-negotiable.This scenario isn't just about two companies. It reflects a significant industry evolution in which quick commerce has progressed from a 'nice-to-have' to an 'essential' component of the e-commerce eco-system. The implications are vast, from how we invest and compete to how we cater to ever-evolving consumer expectations.What's your take on this shift towards quick commerce?#quickcommerce #startup #ecommerce

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🚀 Zepto, a 3-year-old startup, raised $665 million at a $3.6 billion valuation, signaling the competitive quick commerce space.📈 Quick commerce in India is booming, projected to hit $6 billion by 2025 with companies like Flipkart and BigBasket expanding rapidly.📦 Despite challenges, India's quick commerce focuses on efficient operations and exploring revenues beyond groceries, aiming for profitability and diverse offerings.-Want full insights? Subscribe to Tech in Asia to read the entire article.

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𝐖𝐚𝐥𝐦𝐚𝐫𝐭 𝐒𝐞𝐭 𝐭𝐨 𝐈𝐧𝐟𝐮𝐬𝐞 $𝟔𝟎𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭'𝐬 𝐍𝐞𝐰 𝐅𝐮𝐧𝐝𝐫𝐚𝐢𝐬𝐞Walmart, the largest shareholder of Indian e-commerce giant Flipkart, is poised to invest approximately $600 million in a new fundraise for the startup, as confirmed by a Flipkart spokesperson on December 21.Read More: https://lnkd.in/gmSCuJ9A#AsiaOne#AsiaOneMagazine#media#dailyupdates#todaynews#newsupdates#newstoday#todaysnews#breakingnews#latestnews#trendingnews#newsfeed #walmart #flipkart #flipkartforindia #walmartmarketplace #marketplace #marketplaceministry #marketplaces

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As quick commerce players fight it out with India's biggest e-commerce companies for a share of the retail pieVertical Players like Firstcry display a credible playbook on how to create a successful retail business in India by focusing on the customer and solving their pain pointFirstcry's journey is a great case study on how the organic and logical way to solve a problem in retail works with offline and online presence built over the years, one store and one SKU added at a time to build trust and reliabilityBy focusing on a category with a large TAM and high emotional involvement, they have been able to sustainably build a behemoth of a business empireWhich is not just focusing on India but also selling to the rest of the worldAs large retailers Like Reliance, Amazon, Flipkart and D-Mart fight out with VC funded startups in Quick commerce and category playsEvery professional in Retail, Marketing, Logistics and Finance has a lot to learn from the incredible journey of Firstcry on how to delight the customer and make it big in India and overseas marketsBehind every success story is a team of professionals obsessed about customers and achieving excellence in everything they doHow much more time do they take to turn profitable is the only thing pending nowHopefully it will be very soon Any thoughts ?#Firstcry #IPO #Startup #Retail #Finance

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Exciting developments in the Indian e-commerce scene! Reports suggest that Walmart-owned Flipkart is in discussions to potentially acquire Dunzo, a popular delivery startup based in Bengaluru. The acquisition talks, though ongoing, are facing complexities due to Dunzo's ownership structure, with potential involvement from Mukesh Ambani's Reliance Industries, which holds a significant stake in Dunzo. However, Dunzo has denied engaging in acquisition conversations, adding an intriguing twist to this unfolding story. #Walmart #Flipkart #Dunzo #DeliveryStartup #IndianEcommerce #TechNews

Indian E-commerce giant Flipkart has launched its quick commerce platform, Flipkart Minutes. It is almost similar to Zepto, Swiggy Instamart, Zomato’s Blinkit, and others to compete for domination in the ever-growing industry.Flipkart Minutes wants to differentiate itself as a service, if felt below expectations, customers can cancel or refuse to collect items at the doorstep.The service is currently live only for Bangalore regions of HSR, Bellandur and a few other areas.Flipkart started planning for rapid delivery in March after new quick commerce entrants found success. With its e-commerce capabilities, the company is considering a different rapid delivery format.Users are currently receiving their products within 8-16 minutes, which is in line with most competitors. Flipkart offers free deliveries for orders over Rs 99 and charges a Rs 5 platform fee. These services aim to attract and grow the customer base and are usually discontinued after widespread adoption.#startuppedia #flipkart #flipkartminutes #zepto #blinkit #startup #quickcommerce

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