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Agritech startup DeHaat posts 40% rise in FY24 operating revenue, halves loss

Economic Times

Economic Times · 1y ago

Agritech startup DeHaat posts 40% rise in FY24 operating revenue, halves loss

Indian agritech startup DeHaat has achieved a 40% increase in operating revenue, reaching INR 2,700 crore ($358 million) in FY24, while reducing its losses by half. The company attributes its growth to operational efficiency and a focus on high-margin businesses, such as exporting sustainable farm produce and selling biological agricultural inputs. DeHaat aims to achieve profitability for the full fiscal year in FY25. Additionally, the startup has launched its first-ever employee stock ownership plan (ESOP) buyback program worth INR 10 crore ($1.3 million). Founded in 2012, DeHaat provides farmers with market access, quality inputs, and agricultural advice.

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Swiggy DRHP: Revenue Crosses INR 10,000 Cr Mark In FY24, Loss Almost Halves

Inc42 · 1y ago

Swiggy DRHP: Revenue Crosses INR 10,000 Cr Mark In FY24, Loss Almost Halves

Swiggy's net loss for FY24 was INR 2,350 Cr, a decrease from the previous year's loss of INR 4,179.3 Cr. However, its operating revenue saw a 36% increase, reaching INR 11,247.3 Cr compared to INR 8,264.5 Cr in FY23. The company also improved its EBITDA margin from -46.4% in FY23 to -16.2% in FY24.

Practo posts 22% rise in FY24 operating revenue, cuts loss by 90%

Economic Times

Economic Times · 1y ago

Practo posts 22% rise in FY24 operating revenue, cuts loss by 90%

Healthcare startup Practo reported a 22% increase in operating revenue to Rs 242 crore for FY24. It also reduced its operating loss by 90% to Rs 17 crore. The company helps patients connect with doctors, book appointments, and seek online consultations. It has a network of over 40 crore consumers, 150,000 doctors, and 80,000 healthcare establishments. Practo experienced significant growth in tier II and III markets, with revenues in these areas increasing by 50%. The company plans to achieve profitable growth in FY25 and explore international expansion.

Zypp Electric’s Revenue Zooms 2.7X, Nears INR 300 Cr Mark

Inc42 · 12m ago

Zypp Electric’s Revenue Zooms 2.7X, Nears INR 300 Cr Mark

Akash Gupta's startup recorded a revenue of INR 292.7 Cr in FY24, marking a 168% growth compared to the previous fiscal year. Adding other income, the total revenue reached INR 302.6 Cr. However, despite the increase in revenue, the startup experienced a net loss of INR 91.1 Cr, which was a 125% rise from the previous year's INR 40 Cr loss.

Enkash’s revenue nosedives 77% in FY25, halves losses

Entrackr

Entrackr · 4d ago

Enkash’s revenue nosedives 77% in FY25, halves losses

Enkash saw its revenue plunge 77% in the fiscal year ending March 2025 due to a sharp fall in service income. However, the Mayfield-backed firm managed to cut its loss by more than half during the said fiscal year. Enkash’s operating revenue fell to Rs 71 crore in FY25 from Rs 304 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Enkash offers virtual corporate credit cards, expense management software, and other financial services to help SMEs manage their cash flows and expenses efficiently. The firm derives the majority of its revenue from this service, which dropped by 77% to Rs 68 crore in the last fiscal year from Rs 299 crore a year ago. Income from fees and services also slipped 40% to Rs 3 crore during the period. Including non-operating income of Rs 6 crore, Enkash’s total income stood at Rs 77 crore in FY25 as compared to Rs 308 crore in FY24. The company’s total costs declined 73% to Rs 94 crore in FY25 from Rs 345 crore in FY24. Gift cards purchased formed the largest cost center, contributing nearly 66% of the overall expenses. This expense category fell 73% to Rs 62 crore in FY25 from Rs 233 crore in FY24. Employee benefit costs shrank 44% to Rs 23.5 crore in FY25 from Rs 42 crore in FY24, while other expenses dropped steeply by 89% to Rs 7.5 crore. Despite the drastic revenue fall, Enkash managed to cut down its losses with the help of reduced expenses. The company controlled its loss by 54% to Rs 17 crore in FY25 from Rs 37 crore in FY24. Its ROCE and EBITDA margin stood at -37.70% and -32.25%, respectively. On a unit level, Enkash spent Rs 1.32 to earn a rupee of operating revenue during FY25, compared to Rs 1.13 in FY24. The company had cash and bank balances of Rs 25 crore at the end of March 2025, while its current assets were recorded at Rs 68 crore. According to startup data intelligence platform TheKredible, Enkash has raised a total of $23.5 million of funding till date, having Ascent Capital, Axilor Ventures, and Mayfield as its lead investors. Its founder Yadvendra Tyagi owns 10.28% of the company.

Zomato-backed startup Curefit faces loss 42% to ₹889 cr

Inshorts · 10m ago

Zomato-backed startup Curefit faces loss 42% to ₹889 cr

Zomato-backed fitness startup Curefit consolidated net loss for the financial year ending March 2024 widened 42% to ₹888.5 crore from ₹625.5 crore in the previous fiscal year due to an increase in cash burn. The rise in loss came despite the startup operating revenue growing 33.6% to ₹926.6 crore in FY24 from ₹693.7 crore in FY23.

DeHaat Completes First ESOP Buyback Worth INR 10 Cr, Eyes Full Year Profitability In FY25

Inc42 · 1y ago

DeHaat Completes First ESOP Buyback Worth INR 10 Cr, Eyes Full Year Profitability In FY25

Agri-tech startup DeHaat recently conducted its first employee stock ownership plan (ESOP) buyback, benefiting 153 team members, including senior vice presidents and field teams. The company has issued ESOPs worth over INR 100 crore to more than 200 individuals. Additionally, DeHaat reported a 40% year-on-year increase in its revenue from operations, totaling INR 2,700 crore in FY24, while also narrowing its losses by 50% YoY.

Curefoods’ FY24 Loss Halves To INR 173 Cr

Inc42 · 10m ago

Curefoods’ FY24 Loss Halves To INR 173 Cr

Curefoods significantly reduced its FY24 losses by 49.64%, driven by substantial revenue growth and improved margins. The company's operating revenue surged by 53.17% to INR 585.1 crore, up from INR 382 crore the previous fiscal year. Additionally, the EBITDA loss decreased to INR 82.8 crore compared to INR 275.7 crore in FY23, while the EBITDA margin improved from -72% to -14%, reflecting better financial performance and operational efficiency.

Chaayos’ Loss Halves To INR 54 Cr In FY24

Inc42 · 9m ago

Chaayos’ Loss Halves To INR 54 Cr In FY24

Chaayos witnessed a significant improvement in its financial performance during FY24. The company managed to halve its loss to INR 54 crore, while its operating revenue increased modestly by 4.89% to reach INR 248.6 crore. Additionally, Chaayos successfully reduced its total expenditure by 3.69% to INR 352.2 crore. Notably, the company achieved a positive EBITDA of INR 28.3 crore, compared to an EBITDA loss of INR 22.1 crore in the previous fiscal year.

toothsi Parent makeO Posts INR 220 Cr Loss In FY23; Revenue Jumps Over 2X

Inc42 · 1y ago

toothsi Parent makeO Posts INR 220 Cr Loss In FY23; Revenue Jumps Over 2X

Healthtech startup makeO, the parent company of dental tech platform toothsi, reported a 19.5% increase in net loss to INR 220.2 Cr in FY23, attributed to a rise in expenses. makeO's operating revenue more than doubled to INR 168.4 Cr, driven by its various verticals including skin treatment solutions through skinnsi. The majority of makeO's revenue came from the sale of toothsi's clear dental aligners, which saw a 77% increase. makeO also expanded its services to include laser hair reduction, acne treatment, and dermafacial under skinnsi. The company raised $40 Mn in its Series C funding round to support its expansion plans.

DeHaat’s gross revenue nears Rs 2,000 Cr in FY23, losses soar 94%

Entrackr

Entrackr · 2y ago

DeHaat’s gross revenue nears Rs 2,000 Cr in FY23, losses soar 94%

DeHaat, a full-stack agritech marketplace, has raised $60 million led by Sofina Ventures and aims to achieve breakeven in FY24. However, the company's losses increased to Rs 371 crore in the fiscal year ending in March 2023. DeHaat saw a growth of 54.2% in gross revenue, reaching Rs 1,965 crore in FY23, mainly from the sale of agricultural products. The company expanded its presence across 11 states, with 10,000 DeHaat franchise centers serving 1.5 million farmers in 100,000 villages. Despite the growth, DeHaat's expenses, such as procurement and employee benefits, resulted in significant losses.

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