Financial Services & Banks
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Opportunity India Desk Jul 10, 2019 - 1 min readThere is a huge demand for high-quality, affordable primary healthcare in the world. Rising income levels, ageing population, growing health awareness and changing the attitude towards preventive healthcare is expected to boost primary healthcare services demand in the future. Owing to this demand, many healthcare companies are raising funds for expanding their offerings and introducing ...
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Opportunity India Desk Jun 27, 2019 - 1 min readMyGlamm, a direct-to-consumer beauty brand company, has secured Rs 100 crore funding. The round, led by Bessemer Venture Partners, and the Mankekar family office, valued the company at Rs 500 crore. The round has also seen participation from existing investor L’Occitane, a beauty and cosmetics brand. MyGlamm differentiates itself on content and celebrity-led marketing to lure ...
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Opportunity India Desk Jun 26, 2019 - 1 min readHealth and fitness startup CureFit has raised $120 million in its Series D round of equity and debt funding. The funding round has been led by existing investors Chiratae Ventures (formerly IDG Ventures India), Accel, Kalaari Capital and Oaktree Capital. The round has also seen participation from new investors including Unilever Ventures, Epiq Capital, Innoven ...
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Opportunity India Desk Jun 25, 2019 - 1 min readBacked by Cipla and Manipal Group’s Ranjan Pai, Wellthy Therapeutics has shifted its focus towards rapid revenue growth after spending three years (since inception) on validating its solutions through real-world studies. It is a start-up working in the area of digital healthcare solutions. Wellthy is a digital personal diabetes coach, using artificial intelligence (AI) to facilitate behavioural change and improve health ...
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Opportunity India Desk Jun 15, 2019 - 1 min readThe pioneer in the field of colorectal treatment and surgery in India, Smiles International Institute of Colo-Proctology (Smiles) estimates revenue of $3.5 million for FY 19-20. SMILES International Institute of Colo-Proctology, one of the First Integrated colo-rectal hospitals in India, has already generated revenue of Rs 6.9 crore in the first financial year of 2018-19 ...
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Opportunity India Desk Apr 15, 2019 - 1 min readCarDekho, the Google-backed auto classifieds portal, has increased its revenue by 62% to about Rs 260 crore in the year ended March 2019. The company’s revenue grew on the back of strong performance in the used-car segment. CarDekho, run by the Gurgaon-based Girnar Sofware, said that revenues earned from its used-car business and affiliate services ...
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Opportunity India Desk Feb 11, 2019 - 1 min readRoyal Orchid Hotels, operating 5 and 4-star hotels for business and leisure travelers, has posted revenues of Rs 30.55 crore for the third quarter of the financial year 2019. In the third quarter of the financial year 2018, the chain had reported revenues of Rs 28.40 crore. While the company reported a profit after tax ...
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Opportunity India Desk Jan 03, 2019 - 1 min readPayPal, the US-headquartered digital payments company, has posted more than twelve-fold jump in revenue generated by its Indian payments subsidiary to Rs 260 crore in the financial year 2018. In the previous year, the company had reported revenue of Rs 21 crore. PayPal’s net profit increased at a relatively modest pace during this period, up ...
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Opportunity India Desk Jan 02, 2019 - 1 min readSkincare startup Pureplay Skin Sciences (India) Pvt Ltd, selling skin and hair care products under brands Plum and Phy, is targeting to earn Rs 100 crore revenue in the next five years. The company is offering 45 stock keeping units (SKUs) across skin and hair care solutions like moisturisers, sunscreen lotions and shampoo. Presently, it serves ...
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Opportunity India Desk Dec 29, 2018 - 1 min readAirbnb India, an arm of the San Francisco-based online travel aggregator Airbnb, has posted a revenue of about Rs 35 crore for the financial year that ended in March 2018. In the previous fiscal, the company reported a revenue of Rs 31.4 crore. Airbnb is one of the world's most valuable startups. It is reportedly valued ...