Infibleam Soars, Awfis Launches ‘Elite’, Zetwerk Eyes $1 Bn IPO

Infibeam sees a solid 29.1% revenue jump and a 16.7% rise in PAT, while Nykaa celebrates a 70% surge in net profit. CleverTap's CEO Sidharth Malik steps down, and Awfis targets the GCC market with its new 'Elite' offering and equity share allocation.

Arata, the D2C beauty brand, posts impressive 50% growth, and Zetwerk eyes a $1 Bn IPO. Meanwhile, Info Edge invests INR 4 Cr in legal tech startup LegitQuest, Unicommerce takes a majority stake in Shipway, and Zomato’s new ticket reselling feature goes live.

Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.

“Waah Kya Scene Hai”: Awfis Launches ‘Elite’ To Cater To India’s GCC Market

Awfis is upping its game with the launch of 'Elite,' a premium workspace designed specifically for India's growing GCC market.

The first Elite center has opened in Hyderabad, featuring executive suites, biophilic pods, podcast rooms, wellness spaces, and more. With expansion plans for Bengaluru, Delhi, and Mumbai, Awfis is banking on Elite to elevate its revenue and appeal to top-tier clients.

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“Zindagi Mein Kuch Bada Karna Hai”: Peak XV-Backed Zetwerk Eyes $1 Bn IPO

Zetwerk, backed by Peak XV, is setting its sights on a massive $1 Bn IPO, with plans to go public in Mumbai next year.

This comes as the manufacturing unicorn holds talks with investment bankers to map out its big debut. Adding to its growth momentum, Zetwerk recently announced a hefty INR 500 Cr investment to expand its manufacturing for renewables, underscoring its ambitious trajectory.

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“Abhi Toh Picture Baaki Hai”: Infibeam’s Revenue Jumps 29.1% In Q2, PAT Up 16.7%

Infibeam Avenues posted a 29.1% year-on-year rise in revenue, reaching INR 1,016.6 Cr in Q2 FY25, a significant growth from last year’s INR 786.9 Cr.

The company’s consolidated profit after tax (PAT) also increased by 16.7%, standing at INR 47.4 Cr, although it shows a 31.7% drop from the previous quarter’s PAT of INR 69.4 Cr. Despite the revenue boost, the stable yet declining PAT hints at possible challenges ahead in sustaining profitability at current growth levels.

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“Achha Chalta Hoon”: CleverTap CEO Sidharth Malik Resigns

CleverTap’s CEO Sidharth Malik has stepped down from his role, citing personal reasons for his departure in July 2024.

Over his three-year tenure, Malik played a key role in CleverTap’s growth, and the company expressed gratitude for his contributions. With co-founder Sunil Thomas now at the helm, CleverTap is set for its next chapter under familiar leadership.

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“Kaddu Katega, Sab Mein Batega”: Awfis Allots 6.16 Lakh Equity Shares Under ESOP Plan

Awfis has rewarded its team by allotting 6.16 lakh equity shares under its ESOP 2015 plan, boosting employee ownership and morale.

This latest issuance has increased the company’s paid-up capital to INR 70.8 Cr, up from INR 70.2 Cr. With a solid net profit of INR 38.67 Cr in Q2 FY25, Awfis is sharing its success while strengthening its capital base.

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“Badhaai Ho Badhaai”: D2C Startup Arata’s Sales Jump 50% To INR 21 Cr In FY24

Arata, the Delhi NCR-based D2C hair care brand, has seen its sales take off with a 50% jump, reaching INR 21 Cr in FY24 compared to last year’s INR 14 Cr.

This impressive growth highlights the surging demand for Arata's eco-friendly, plant-based products. With its sales up by 1.5X, Arata is steadily becoming a favorite in India’s hair care scene.

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“Hum Saath Saath Hai”: Unicommerce Acquires 42.76% Stake In Shipway

Unicommerce has acquired a 42.76% stake in Shipway, with plans to take full control within a year through a merger or stock swap. Shipway, founded in 2015, specializes in automating the post-purchase experience for D2C brands, integrating with ecommerce software providers.

As part of the deal, IndiaMART InterMESH sold its 26% stake in Shipway to Unicommerce for INR 41.59 Cr, marking a strategic move in the ecommerce automation space.

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“Yahan Ke Hum Sikandar”: Zomato’s ‘Book Now, Sell Anytime’ Feature Goes Live

Zomato has rolled out its ‘Book Now, Sell Anytime’ feature, allowing users to buy event tickets in advance and resell them on the app if plans change.

Kicking off with tickets for the highly anticipated Zomato Feeding India Concert, headlined by Dua Lipa on November 30, the feature offers flexibility for users. This move comes ahead of the launch of Zomato's District app, as the company's going-out business saw a 171% year-on-year growth in GOV to INR 1,849 Cr in Q2 FY25.

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“Feeling Good, Like I Should”: Nykaa Q2 Results As Net profit soars over 70% and margins improve

Nykaa's Q2 results are looking strong, with its net profit soaring 71.6% year-on-year to ₹10.04 crore, up from ₹5.85 crore in the same quarter last year.

The beauty giant also saw a 4.1% increase in profit compared to the previous quarter, signaling healthy growth. With improved margins, Nykaa continues to shine in the competitive beauty market.

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“Maamla Legal Hai”: Info Edge To Invest INR 4 Cr In Legal Tech Startup LegitQuest

Info Edge is stepping into legal tech, investing INR 4 Cr in LegitQuest over the next year. This investment will bring Info Edge's stake in the startup to nearly 28%, backing LegitQuest's AI-driven solutions tailored for legal professionals.

Founded in 2017, LegitQuest is transforming how lawyers work, with tools designed by founders Karan Kalia, Rohit Shukla, and Himanshu Puri to make legal research faster and smarter.

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1. Wheelocity has raised $15 Mn in a Series A2 round, led by Lightspeed, to fuel its expansion into the FMCG space. The round also saw backing from Alteria Capital, Anicut Capital, and founder Selvam VMS.

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2. Edtech SaaS startup Toddle is in talks to raise $15-18 Mn in its upcoming funding round, with interest from both new and existing investors. The fresh capital will fuel the company's growth as it continues to expand in the education technology space.

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3. StampMyVisa has raised Rs 6.6 crore in a pre-Series A round from Unicorn India Ventures to revolutionize the B2B travel sector. The startup plans to enhance its AI capabilities and expand services to streamline international travel and visa processes for Indian businesses.

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4. DesignX, a shopfloor hyper-automation company, has raised $1 million in a pre-Series A round led by Piper Serica Angel Fund. The funds will be used to expand its AI-driven Df-OS platform in key global markets and focus on sustainability and analytics.

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5. India IVF has raised $1.24 million in a pre-Series A round led by Tomorrow Capital, marking its first external funding since its launch. The tech-enabled fertility platform plans to use the capital to expand and enhance its services.

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