| | JANUARY 20219DESPITE THE ILL EFFECTS BUSINESSES SUFFERED THIS YEAR, MANY BUSINESSES HAVE UNDERGONE DRASTIC TRANSFORMATIONS3.55 million subscribers in July 2020 alone, which indeed has elevated the brand's subscribers to 400.8 million. Furthermore, its valuation has also spiked up by 75 percent in Sensex since March, says the Bloomberg reports.CloviaThe lingerie brand Clovia has raised Rs. 14.31 crore from a clutch of angels, She Capital Trust, and Ivy Cap Venture. The fresh proceeds for the Noida-based company have come after two years. Furthermore, the brand had raised Rs.75 crore in January 2019. Clovia has allotted about 11,377 Series B3 CCPS at a price of Rs.12577.83 each share, regulatory filing show. Golden Birch has infused Rs. 2.75 crore while existing investors Ivy Cap has invested Rs.2 crore. Madhukar Parekh has put in Rs.2.25 crore and She Capital Trust picked up shares worth Rs.1.87 crore. Baaya International has invested Rs.1.5 crore whereas other individuals infused Rs 2.44 crore. Clovia competes with Kalaari Capital-backed Zivame and PrettySecrets, ShopImagine, among several others. While the company is yet to disclose financials for FY19 and FY20, Clovia had recorded a 34 percent spike in revenue to Rs.51.8 crore in FY18.It also managed to cut down losses to Rs.8.6 crore in FY18 from Rs.10.2 crore in the previous fiscal year.RazorpayRazorpay initiated the payment gateway business when the space was overpopulated, but it has managed to scale and make a mark. The company that recently entered the unicorn club with a $100 million Series D round, it has also demonstrated exceptional financial performance during the financial year 2019- 2020.The fintech platform recorded a 2.6X inflation in its revenues which rose from Rs.193 crore in FY19 to Rs.509 crore during FY20. At Rs.383.8 crore, domes-tic collections made up 75.4 percent of the operating revenues while the rest 24.6 percent were generated through the export of software development services to RazorpayInc USA.FacebookFacebook India has managed to achieve a notable leap in its top-line during FY20 with its collections ex-ceeding the Rs.1,000crore milestone with comfortable margins. While its costs have increased by more than one-third, Facebook India has managed to double its profits during the fiscal that ended in March 2020. The growth was propelled by the jump in advertising in-come. Overall revenue from operations grew by 36.2 percent to Rs 1,215.6 crore in FY20 from Rs 892.5 crore during FY19.
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