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Startup Street: Licious' road to profitability and Spotify's rise since debut
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Startup Street: Licious' road to profitability and Spotify's rise since debut
Dec 16, 2019 11:57 AM

Fresh meat and seafood brand Licious has raised USD 30 million in its fifth round of funding led by Singapore-based Vertex Growth Fund along with its existing investors. Startup Street spoke to both the co-founders, Abhay Hanjura and Vivek Gupta, and they say that they are all set to see operational profitability in the current fiscal.

Ten months ago, Spotify landed in India bang in the middle of highly competitive music streaming market. It didn't make much sense to be the 12th company entering the space but in less than a year, the company claims that it has moved to the third or fourth position.

It has surpassed its first-year target. Its focus for next year is to shift users from listening to pirated music to paid music, they also plan to focus on regional content and artists as well as add more Indian originals and podcasts. Sunny Sen, spoke to Amarjit Singh Batra, managing director at Spotify India and asked what attracted him to invest in India even though there were many other players already.

Founded in 2015 by Sandeep Lodha, Weddingz is an online marketplace for wedding venues and vendors. The startup was acquired by OYO last year in August 2018 and has seen a whopping 480 percent growth in revenue, with 636 percent growth in bookings since. Megha Vishwanath spoke with the founder to talk to him about the company's way forward and life post-acquisition.

First Published:Dec 16, 2019 8:57 PM IST

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