Ola Bounces Back, Whatflix's Surge, Happy Diwali!

Whatfix marked an impressive 49% revenue surge, crossing the INR 400 Cr mark, while also booking a solid Rs 306 Cr from the U.S., trimming losses in the process. Meanwhile, the electric vehicle buzz is louder than ever, as two-wheeler EV sales crossed 1.2 lakh units in October, with Ola Electric bouncing back and regaining market share after a recent dip.

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“Abhi Hum Zinda Hai”: Two-Wheeler EV Sales Pick Up Pace In October, Ola Electric Regains Some Lost Market Share

Electric two-wheeler sales are back in the fast lane this October, with registrations topping 1.2 lakh units, up from 90,350 in September. Ola Electric, after a brief slowdown, made a strong comeback with a 49% jump to 36,865 units sold, reclaiming some of its lost ground.

Competitors like TVS Motor also saw gains, with their e-scooter registrations growing over 45% to 26,500 units, signaling a renewed charge in the EV race.

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“Haan, Yahi Sapna Hai Tera: Whatfix’s Revenue Jumps 49%, Crosses INR 400 Cr Mark

Bengaluru’s SaaS player, Whatfix, has quietly marked a significant milestone, with its operating revenue crossing the INR 400 Cr threshold in FY24.

Clocking a 49% revenue jump to INR 425 Cr from INR 285 Cr in the previous year, Whatfix has solidified its standing in digital adoption solutions. The SoftBank-backed startup’s growth signals a strong demand for streamlined user experiences amidst shifting digital landscapes.

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“Badhai Ho Badhaai”: Whatfix books Rs 306 Cr revenue from US in FY24, cuts losses

Whatfix’s focus on the U.S. market paid off in FY24, booking a substantial Rs 306 Cr in revenue from the region.

The digital adoption platform not only saw impressive 49% growth but also tightened its financials, reducing losses by 20% year-over-year. With these numbers, Whatfix signals a more resilient path forward in the competitive SaaS landscape.

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1. Country Delight has secured a fresh INR 200 Cr debt round from Alteria Capital to power its expansion and boost capacity. Known for delivering milk and essentials like desi ghee and paneer, the startup is gearing up to reach more households across India.

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2. Easy Home Finance has secured Rs 210 Cr in fresh funding led by Claypond Capital and SMBC Asia, marking its first capital infusion in over two years. The Mumbai-based platform is set to strengthen its presence in India’s home loan market with this new backing.

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