Harsh Upadhyay Profile picture
Mar 24, 2020 3 tweets 2 min read Read on X
Announcement by #FinanceMinister

▪️ Deadline for #incometax return extended to June 30

▪️March, April, May #GST return, extended to June 30

▪️Companies having less than Rs 5 cr turnover - no interest, no late fee, no penalty for GST. For Rs 5 Cr+ turnover - interest rate 9% Image
#Debit card holders can withdraw cash without any charges from any other bank's ATM for next 3 months (30/06/2020)

▪️No penalty for not maintaining minimum balance

▪️ Transaction charges on digital trade has been reduced
For newly incorporated companies: 6 more months to file commencement of business report

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More from @upadhyay_harsh1

Jan 30, 2023
Profit number of bootstrapped companies (FY22)

▪️Zoho [SaaS]: Rs 2749 Cr
▪️Zerodha [fintech]: Rs 2094 Cr
▪️GamesKraft [gaming]: Rs 937 Cr
▪️Gameberry [gaming]: Rs 93 Cr
▪️Wingify [SaaS]: Rs 58 Cr
▪️Noise [D2C]: Rs 36 Cr
Zoho’s profit crosses Rs 2,700 Cr during FY22
entrackr.com/2023/01/zohos-…
Zerodha posts Rs 4,964 Cr revenue and Rs 2,094 Cr profit in FY22
entrackr.com/2023/01/zerodh…
Read 7 tweets
Jan 25, 2021
Around 95 #edtech startups raised funds in 2020

Byju’s => $1.14 Bn [total fund raised in 2020]
Unacademy => $346 Mn
Vedantu => $144 Mn
Eruditus => $113 Mn
Toppr => $52 Mn
Cuemath =>$43 Mn
Springboard =>$31 Mn
LEAD School =>$28 Mn
Classplus => $21.5 Mn
Interviewbit => $20 Mn
Doubtnut =>$15 Mn
Lido Learning =>$8.8 Mn
Testbook =>$8.4 Mn
Flinto =>$7.2 Mn
upGrad =>$6.7 Mn
CodingNinjas =>$5.2 Mn
Eduvanz =>$5 Mn
Playshifu =>$4.4 Mn
Eupheus Learning =>$4.3 Mn
Camp K12 =>$4 Mn
Practically =>$4 Mn
Sunstone Eduversity =>$3.28 Mn
Teachmint => $3.5 Mn
FrontRow => $3.2 Mn
Entri => $3.1 Mn
Uolo => $2.73 Mn
Kyt => $2.5 Mn
Masai School => $2.5 Mn
Stones2milestones => $2.6 Mn
Instasolv => $2 Mn
StayQrious => $2 Mn
BitClass => $2 Mn
WinUall => $2 Mn
Genius Teacher => $2 Mn
Pariksha =>$1.8 Mn
Ken42 =>$1.4 Mn
Read 7 tweets
Oct 3, 2020
ESOP allotments and buybacks in Indian #startups in 2020

=> Pine Labs allotted Rs 102 Cr worth #ESOP to its CTO, CFO and a dozen others [Sep]

=> Zetwerk allotted Rs 4.77 Cr worth ESOP to founders and employees [Sep]

=> Zerodha completed ESOP buyback worth Rs 60-65 Cr [Sep]
=> Vy Capital bought Urban Company’s Rs 37.5 Cr worth ESOP [Aug]

=> Zomato allotted ESOP worth Rs 385 Cr [Aug]

=> Byju’s allotted ESOP worth Rs 53 lakhs to 4 employees [July]

=> Oyo announced Rs 130 Cr worth ESOP for furloughed employees [June]
=> Paytm allotted ESOP to WeavedIn’s co-founders and staffs worth Rs 4.8 Cr [July] + Rs 14 Cr ESOP to employees [May]

=> Meesho provided ESOP buyback worth Rs 7.2 Cr [Feb]
Read 4 tweets
Sep 17, 2020
Over 50 2nd/3rd-time founders raised funds for their new startup in 2020

Lalit Mangal - Airmeet
Paavan Nanda - WinZo
Jitendra Gupta - Jupiter
Kunal Shah - Cred
Ashish Kashyap - INDmoney
Amit Lakhotia - Park+
Saurabh Saxena - Uable

[List includes startups founded betwn 2017-20]
Sachin Bhatia and Atit Jain - BulBul
Manish Shara - Onecode
Awais Ahmed - Pixxel
Anshuman Bapna - Terra.do
Rushabh Sheth - Docsumo
Pankaj Chaddah - Mindhouse
Deepak Dhar - Reputes
Sumeet Kapur - Wellcure
Satyen Kothari - CubeWealth
Manish Tewari - PiggyRide
Tanmoy Mukherjee - Brb
Shailesh Gupta - Yolobus
Karan Shaha - Vahak
Saurav Kumar - Euler
Rahul Ramesh - Entri
Indus Khaitan - Quolum
Indrajeet Roy - Hoi Food
Anand Sinha - Leap Club
Ravish Naresh and team - Khatabook
Naman Sarawagi - Refrens
Sumit Sinha - Phable
Read 6 tweets
Jul 21, 2020
ESOPs expansion, allotment and buyback in startups & unicorns in 2020 (till date)

▪️BharatPe created ESOP pool worth ~ Rs 142 Cr in Jan

▪️Lenskart expanded ESOP pool to Rs 216 Cr in Feb

▪️Ola expanded ESOP pool by adding Rs 326 Cr in Feb

bit.ly/3joFM0I

A thread ⤵️
▪️Vogo increased ESOPs pool for staff and directors in Feb

▪️Bounce increased its ESOP pool to Rs 127 Cr in Feb

▪️Meesho’s investor Naspers bought ESOP worth $1 Mn in Feb

▪️CarDekho announced ESOP scheme worth $3.5 Mn in Feb; allotted worth Rs 3.51 Cr to 43 staff in March
▪️Swiggy expanded its ESOP pool to Rs 1,589 Cr in April

▪️Grofers doubled its ESOP pool to 11.4% in April-May

▪️Paytm announced to offer Rs 250 Cr worth ESOPs in 2020: Former & existing staff vested ESOPs of Rs 14 Cr in May; allotted ESOPs to WeavedIn’s staff in July
Read 6 tweets
Jun 9, 2020
Google Pay recorded 541 million UPI transactions in May followed by PhonePe with 444 million and Paytm at 124 million.
My story bit.ly/3f3uXye
@entrackr Image
UPI P2M transactions in May 2020

▪️PhonePe:193 Mn
▪️Google Pay:182 Mn
▪️Paytm: 74 Mn
▪️Amazon Pay: 17 Mn
▪️BHIM: 2.8 Mn
Number of transacting users [May '20]

▪️Google Pay: 75 Mn
▪️PhonePe: 60 Mn
▪️Paytm: 30 Mn
Read 4 tweets

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