Gap has widened.

#Snippets: IPV leads seed round in LiaPlus AI entrackr.com/2024/09/ipv-le…

NEW: A nearly two-year-long legal tussle with Gameskraft has pushed SaaS-based lending enabler Arthmate into utter chaos, including the arrest of its co-founder and former CEO, a top executive’s resignation, and employee exodus. A🧵on the chaos at Arthmate.

Gameskraft co-founder and CEO Ramesh Prabhu lodged a complaint with Gurugram Police, which led to an FIR being registered in March 2023, accusing Vihaan Kumar of financial irregularities and fraudulent activities. 15 months after the FIR, Kumar was arrested. 🧵continues...

Kumar’s actions had caused a financial loss of approximately Rs 12.15 crore to Gameskraft, including unpaid GST amounts that had already been remitted to the fraudulent service providers. Based on these allegations, EoW filed an FIR for criminal breach of trust.

For details, head to Harsh Upadhyay and Kunal Manchanda story viia Entrackr entrackr.com/2024/09/mayhem…

#Exclusive: Decoding Ather Energy’s unicorn round, Q1 FY25 numbers and marketshare ✍️ Kunal Manchanda entrackr.com/2024/09/exclus…

Swiggy vs Zomato in FY24 Revenue Swiggy: ₹ 11,247 Cr [36% up] Zomato: ₹ 12,114 Cr [71% up] Profit/Loss Swiggy: ₹ 2,350 Cr [Loss] Zomato: ₹ 351 Cr [Profit] Grocery biz GMV Instamart: ₹ 1,100 Cr BlikIt: ₹ 2,301 Cr Follow TheKredible for more. #Swiggy #Zomato

#Snippets: Venture Catalysts and 1Crowd back Nautical Wings Aerospace entrackr.com/2024/09/ventur…

Good story. 'An Arthmate spokesperson said that (Vihaan) Kumar has no association with the company.' 🤦‍♀️ Talk to anyone in the digital lending industry and they will say Vihaan is the one running the company from behind!!

Ather Energy, the EV firm recently tunred #unicorn after raising $71 Mn funding led by NIIF As per TheKredible, Ather's valuation stands at $1.25 Bn. Following the round, Hero MotoCorp remains the largest external stakeholder with 38.11% stake. entrackr.com/2024/09/exclus…

#Snippets: VentureSoul Partners launches Rs 600 Cr maiden fund entrackr.com/2024/09/ventur…

#FINTRACKR: Starbucks India posts Rs 1,218 Cr revenue in FY24; losses surge 3.2X ✍️ Kunal Manchanda entrackr.com/2024/09/starbu…

India's largest coffee chain Starbucks India in FY24 ➤Revenue from ops: Rs 1,218 Cr [12%⬆️] ➤Loss: Rs 80 Cr [220%⬆️] The company has left behind Cafe Coffee Day in terms of revenue in FY24 Follow TheKredible for more. #CCD #Starbucks #Coffee entrackr.com/2024/09/starbu…

Tata Starbucks’ revenue from operations increased 12.05% to Rs 1,218 Cr in FY24 from Rs 1,087 Cr in FY23 The company's losses surged 3.2x to Rs 80 Cr in FY24 from Rs 25 Cr in FY23 Story by Kunal Manchanda via Entrackr #Tata,#Starbucks #CoffeeLover #Coffee entrackr.com/2024/09/starbu…

NEW: Starbucks India emerged as the largest coffee chain in the country as the company left CC Day behind in revenue during FY24. However, the firm barely managed double digit growth while its losses widened over 3X in the same period. A🧵on Starbucks India financial numbers...

Its revenue from operations increased 12.05% to Rs 1,218 Cr in FY24 from Rs 1,087 Cr in FY23. Launched in 2012, Tata Starbucks now operates in over 390 stores across 54 Indian cities, with around 4,300 partners. 🧵continues...

Along with flat scale, Starbucks India’s losses surged 3.2X to Rs 80 Cr in FY24 from Rs 25 Cr in FY23. Its nearest competitor Coffee Cafe Day’s revenue stood at Rs 1,013 Cr in FY24. As of March 2024, it had 450 stores. For details, head to Kunal Manchanda story