Two students from IIT Delhi started a digital platform called 'Animall' for buying and selling cattle resulting in an impressive revenue rise. The platform's revenue in FY22 was projected at Rs 7.4 crore, and it recently jumped to an astounding Rs 565 crore. The Bengaluru-based company was launched in 2019, according to a LinkedIn article.

Animall's founders, Anurag Bisoy, Kirti Jangra, Libin V Babu, and Neetu Y, have created this platform with the aim of uplifting the lives of dairy farmers and making cattle trading and dairy farming a more profitable space to operate in.

Based on financial statements filed with the RoC, the startup experienced a surge in operating scale from FY21 to FY22. Specifically, there was a 148-fold increase, with the operating scale rising from Rs 5 lakh in FY21 to Rs 7.4 crore in FY22.

This digital platform also offers animal healthcare services. The company made 90% of its revenue from cattle trading in FY22. The remaining 10% came from healthcare, artificial insemination, and marketplace commission.

The company also earned a finance income of Rs 3.94 crore during FY22, bringing its total collection to Rs 11.34 crore. However, the startup incurred a cost of Rs 18.04 crore in selling and distribution, which accounted for 32.5% of its total expenditure during FY22. This figure was significantly higher than the Rs 9.62 crore spent in FY21.

Animall has been successful in raising around Rs 170 crore in funding from prominent investors such as Beenext, Sequoia, and Nexus Ventures. The company's latest round of funding was in Series B, in which it raised $14 million, and was valued at approximately $75 million ( Rs 565 crore) as of July 2021.