Sublime Life turns profitable in FY24, revenue plunges by 54%

Sublime Life, a D2C beauty brand founded in 2019 by Deep Lalvani, saw revenue fall by 54% from Rs 6.7 crore in FY23 to Rs 3.02 crore in FY24. The company offers cruelty-free skincare, hair care, and wellness products, including both international and local brands. Competing with brands like Mamaearth and Plum, Sublime Life is backed by investors such as Ador Multiproducts, which holds over 50% of its shares. Despite the revenue drop, the company turned profitable, recording Rs 1.17 crore in profit compared to a loss of Rs 5 crore the previous year. Total expenses also decreased, largely due to reduced material and employee costs, while EBITDA margin and ROCE showed improved but still negative figures.

#sublimelife #beautybrand #personalcare #d2cbeauty #financialreport #beautyindustry #beautyinvestments #indianstartups #financialperformance #gurugramstartups #wellnessproducts #thekredible #news

https://thekredible.com/blogs/....sublime-life-turns-p

 

thekredible.com

Sublime Life turns profitable in FY24, revenue plunges 54%

Sublime Life, a D2C beauty and personal care brand saw its revenue drop by 54% in FY24, declining from Rs 6.7 crore in FY23 to Rs 3.02 crore. 

FoodyBuddy turns profitable in FY23

Foodtech platform FoodyBuddy achieved a remarkable 17X revenue increase in FY23, reaching Rs 1.69 crore, up from Rs 9.74 lakh in FY22. Founded in 2015, the Bangalore-based platform connects home chefs with local consumers. It has raised Rs 20.50 crore across five funding rounds, with the latest in December 2020 led by Rebel Foods. Competing with Innerchef and Cookr, FoodyBuddy is valued at Rs 31 crore, with significant stakes held by Rebel Foods and Prime Venture Partners. The company cut expenses from over Rs 4 crore in FY22 to Rs 13 lakh in FY23 and became profitable, recording Rs 1.56 crore in profit after a loss in the previous year.

#foodybuddy #foodtech #startupsuccess #revenuegrowth #fundingrounds #entrepreneurship #innovativebusiness #homechefs #thekredible #startup #news #indianstartup

https://thekredible.com/blogs/....foodybuddy-turns-pro

 

thekredible.com

FoodyBuddy turns profitable in FY23

Foodtech platform FoodyBuddy posted an impressive 17X increase in revenue in FY23, reaching Rs 1.69 crore from Rs 9.74 lakh in FY22.

AVIOM India Housing recorded 53% rise in top scale in FY23

AVIOM India Housing, a Delhi-based fintech firm, saw a 53% revenue increase in FY23, reaching Rs 241.90 crore, driven mainly by interest income. Founded in 2016 by Kaajal Aijaz Ilmi, AVIOM provides housing loans to low-income households in semi-urban areas. Despite a 56% rise in expenses to Rs 219.91 crore, the company achieved a 32% profit growth, posting Rs 16.06 crore in profits. AVIOM has raised Rs 584.31 crore across 10 funding rounds, with significant shareholders including Gojo & Company Inc. and Capital 4 Development. Its strong financial performance is highlighted by a 59% EBITDA margin and over 11% ROCE, solidifying its market position.

#thekredible #aviomindiahousing #fintech #housingfinance #delhibasedcompany #financialperformance #homeloans #profitgrowth #gojoandcompany #indianfintech

https://thekredible.com/blogs/....aviom-india-housing-

 

thekredible.com

AVIOM India Housing recorded 53% rise in top scale in FY23

Delhi-based fintech firm AVIOM India Housing’s top line recorded an impressive 53% increase to touch Rs 241.90 crore in FY23.

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise

Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively.

#thekredible #wishcare #kolkatastartup #beautyandwellness #naturalskincare #startupsuccess #skincarebrand #entrepreneurship #startupjourney #skincareindustry #startupjourney #startup #insights

https://thekredible.com/blogs/....wishcares-top-line-c

 

thekredible.com

WishCare’s top line crossed Rs 19 Cr in FY23, profits rise

Kolkata-based beauty and wellness firm WishCare recorded a whopping 21X rise in its FY23 revenue to Rs 19 crore.

Ambrane recorded two fold rise in top scale in FY23

Founded in 2012 by Ashok Rajpal and Sanjay Rajpal, Delhi-based electronics brand Ambrane saw its FY23 revenue soar to Rs 249.96 crore, doubling from Rs 120.75 crore in the previous fiscal year. Ambrane specializes in mobile accessories, audio gadgets, personal care items, and smart devices, with a strong presence in both online and offline markets, including major platforms like Amazon and Flipkart, and retail chains like Croma. Despite this revenue boost, expenses also doubled to Rs 249.13 crore, causing profit to plummet by 77% to Rs 51.41 lakh. Key expenses included material costs, advertising, and employee benefits.

#thekredible #ambrane #electronicsbrand #revenuesurge #techstartup #mobileaccessories #smartdevices #ecommercesuccess #financialperformance #techindustry #indianmarket #businessexpansion #startupsuccess #electronicsindustry #ambranefy23 #startupnews #news

https://thekredible.com/blogs/....ambrane-recorded-two

 

thekredible.com

Ambrane recorded two fold rise in top scale in FY23

Electronics brand Ambrane reported impressive growth in FY23, with revenue surging to Rs 249.96 crore, marking a substantial 2X increase.