Yaantra gives a new lease of life to your smartphone; Urban Ladder arm posts sharp rise in FY17 revenue, lossTeam YS
Yaantra is an online mobile phone store that offers repairing, refurbishing and reselling services for smartphones. Founded in 2013 in Bengaluru, its aim was to be a pioneer in the refurbished smartphones segment. Currently, it has self-owned service centres in seven cities and is also available pan-India through its retail partners in over 250 cities. With a growth of 600 percent year-on-year, Yaantra claims to have expanded its presence across India through a strong retail network as well as by growing its own capabilities.
24-year-old college dropout Vansh Taneja saw that cycles were the best solution for the every day commute, but also saw there was little incentive for people to ride a cycle. He believed that if a network of cycles was created, to be used by all people on a shared basis, it would give a massive impetus in solving last-mile connectivity. His answer was LetsCycle, a Delhi-NCR-based dockless bike sharing startup, where users can pick up a cycle from any location and drop it off at any location.
Urban Ladder Home Decor Solutions Pvt Ltd, which operates furniture retailer Urban Ladder, reported a steep rise in both revenue and loss for the year ended March 2017, documents filed with Registrar of Companies revealed. The company is the subsidiary of Urban Ladder Home Decor Solutions Pvt Ltd, which operates furniture e-tailer Urbanladder.com. The firm posted a revenue of Rs 53.15 crore, up 143 percent from its previous year's revenue of Rs 21.81 crore. Loss for the period rose from Rs 35.46 lakh to Rs 1.17 crore.