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Scaler revenue declines to Rs 363 Cr in FY25; cuts losses by 98%

EntrackrEntrackr · 1m ago
Scaler revenue declines to Rs 363 Cr in FY25; cuts losses by 98%
Medial

Upskilling platform Scaler failed to scale up in FY25 with a decline in revenue. However, a sharp reduction in employee benefit expenses helped the company slash its losses by 98% over the same period. Scaler’s revenue from operations dipped 5.5% to Rs 363 crore in FY25 from Rs 384 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Scaler is a tech upskilling platform that focuses on honing college students' and tech professionals’ skills. The company offers various courses through live classes. Sales of these courses were the sole source of revenue for the company. Including other income of Rs 3 crore, the company’s total income stood at Rs 366 crore during FY25. The Bengaluru-based company has continued to curb its expenses over the years. Employee benefits remained the company’s largest expense, accounting for 46% of the total expense. This cost fell 26.5% to Rs 169 crore in FY25 from Rs 230 crore in FY24. Advertising and promotional spending also saw rationalization, which fell 30% to Rs 64 crore, while training & recruitment expenses dropped 22.4% to Rs 38 crore. IT expenses reduced by one-third to Rs 10 crore, whereas rent expenses increased 6% to Rs 18 crore. Overall, Scaler brought down its total expenses by 23% to Rs 365 crore in FY25 from Rs 474 crore in FY24. The sharp cut in spending helped the company cut its loss by 98% to Rs 2.3 crore in FY25 from Rs 139 crore in FY24. However, the company posted positive EBITDA of Rs 40 lakh in the same period with an EBITDA margin of 0.10%. Scaler closed FY25 with cash and bank balances of Rs 13 crore, while its current assets stood at Rs 48 crore. Interestingly, the company’s current liabilities stood at Rs 330.5 crore during the year. According to TheKredible, Scaler Academy has raised a total of $75 million of funding till date from Tiger Global and Peak XV among others. Its founders, Anshuman Singh and Abhimanyu Saxena, each hold 29.16% of the company. Peak XV Partners owns 22.61%, while Tiger Global holds an 8.13% stake in the company.

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DailyRounds delivers Rs 363 Cr profit on Rs 641 Cr revenue in FY25

EntrackrEntrackr · 11d ago
DailyRounds delivers Rs 363 Cr profit on Rs 641 Cr revenue in FY25
Medial

DailyRounds delivers Rs 363 Cr profit on Rs 641 Cr revenue in FY25 Following a 16% year-on-year growth in FY24, healthcare-focused edtech platform DailyRounds maintained steady momentum in FY25, as its operating scale increased 13% while its profits surged another 13% to Rs 363 crore in the same period. Dailyround’s operational revenue grew to Rs 641 crore in the fiscal year ending March 2025 from Rs 568 crore in FY24, its consolidated financial statements sourced from the Registrar of Companies show. DailyRounds’ flagship product, Marrow, is an online learning platform offering medical students and practitioners subscription plans that include video lectures, question banks, and test series. These plans, spanning 3 to 36 months, contributed 88% of the operating revenue, which increased to Rs 641 crore in the last fiscal year. The remaining operating income came from book sales to students under specific plans, which contributed Rs 75 crore, with the balance from market research services. The company also earned Rs 132 crore in non-operating income from interest on deposits and investments, which took its total revenue to Rs 773 crore during the last fiscal year. On the expense side, legal and professional fees formed the largest cost center for the firm, contributed nearly 31% of total expenses, and amounted to Rs 91 crore in FY25. This cost increased 42% compared to FY24. Its employee benefits expenses surged 25% to Rs 85 crore in FY25. Web hosting, payment gateways, advertising, business promotion, and other overheads pushed the Bengaluru-based company’s total expenditure to Rs 295 crore in FY25 from Rs 225 crore in FY24. Stable year-on-year growth in scale, coupled with controlled expenditure, enabled the Microsoft-backed DailyRounds to report a 13% increase in profits to Rs 363 crore in FY25 from Rs 320 crore in FY24. Its ROCE and EBITDA margin stood at 21.21% and 57.29%, respectively. On a unit level, DailyRounds spent Rs 0.46 to earn a rupee of operating revenue. At the end of March 2025, its total current assets stood at Rs 1,826 crore, including cash and bank balances of Rs 1,756 crore, nearly 2.5 times higher than FY24.

Yulu revenue jumps 98% in FY25; losses stand at Rs 126 Cr

EntrackrEntrackr · 2m ago
Yulu revenue jumps 98% in FY25; losses stand at Rs 126 Cr
Medial

Fintrackr All Stories Yulu revenue jumps 98% in FY25; losses stand at Rs 126 Cr Electric mobility startup Yulu has nearly doubled its revenue in the fiscal year ended March 2025 to Rs 237.4 crore. At the same time, the company cut down losses by 12% to Rs 126 crore. Yulu’s operating revenue jumped 98% year-on-year to Rs 237.4 crore in FY25 from Rs 120 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Eight-year-old Yulu offers last-mile connectivity by renting electric bikes and operating an extensive EV charging and battery-swapping network. The company provides urban Mobility-as-a-Service (MaaS) across Bengaluru, Mumbai, and Delhi-NCR. Rental income from electric vehicles remained Yulu’s dominant revenue driver, forming nearly 85% of its operating revenue at Rs 201 crore in FY25. Sales of electric bikes and accessories contributed another Rs 22.67 crore. The company also earned Rs 13.24 crore by supplying riders, field staff, and other manpower services to clients. The rest of its operating income came from franchise operations and delivery-related services. The company also earned Rs 4.53 crore from interest on fixed deposits, current investments and dividend income, taking its total revenue to Rs 241.9 crore. On the expense side, the cost of materials was the largest cost centre, accounting for 43.23% of total expenses which rose 53% to Rs 151.56 crore in FY25. Employee benefits expenses remained flat at Rs 88.43 crore including Rs 9.35 crore in ESOP costs, while depreciation and amortisation surged over 70% to Rs 66 crore. Other overheads, including advertising expenses, rent, and legal and professional fees, pushed total expenses to Rs 350.6 crore in the last fiscal year, marking a 36% jump from Rs 258.3 crore in FY24. Coming to the bottom line, the Bajaj-backed company’s 98% jump in revenue enabled it to trim losses by 12% to Rs 126 crore in FY25, compared to Rs 142.8 crore in FY24. Yulu’s EBITDA margin improved to –15.29% from –80.11% in FY24, while EBITDA (loss) stood at Rs 36 crore. On a unit level, the company spent Rs 1.48 to earn a rupee of operating revenue. The company’s current assets stood at Rs 101.95 crore at the end of March 2025. Notably, its cash and bank balance fell 93% to Rs 9.65 crore during the period, down from Rs 142.7 crore in FY24. According to startup data intelligence platform TheKredible, the Bengaluru-based company has raised over $140 million to date, including $19.25 million secured in February last year from Magna and Bajaj Auto.

FirstCry-parent posts Rs 2,172 Cr revenue in Q3 FY25, cuts losses by 70%

EntrackrEntrackr · 1y ago
FirstCry-parent posts Rs 2,172 Cr revenue in Q3 FY25, cuts losses by 70%
Medial

FirstCry-parent posts Rs 2,172 Cr revenue in Q3 FY25, cuts losses by 70% Brainbees Solutions, the parent company of kids-focused omnichannel retailer FirstCry, has released its Q3 FY25 today. The report highlights sound financial growth, with a 14.3% year-on-year growth in scale and controlled losses by 70%. FirstCry's revenue from operations grew to Rs 2,172 crore in Q3 FY25 from Rs 1,900 crore in Q3 FY24, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. The sale of its products through offline stores and websites in India and the international market was the primary source of revenue, accounting for nearly 82% of total operating revenue, while its subsidiary, GlobalBees, contributed Rs 422 crore. The company also made Rs 44 crore from interest income which took its overall revenue to Rs 2,217 crore in Q3 FY25, compared to Rs 1,936 crore in Q3 FY24. For the omnichannel retailer, the cost of procurement of materials accounted for 66% of the overall expenditure which increased 17% year-on-year to Rs 1,451 crore in Q3 FY25 from Rs 1,239 crore in Q3 FY24. FirstCry’s employee benefits stood at Rs 177 crore in Q3 FY25 which includes Rs 28 crore as ESOP cost. The marketing, legal, rent, and technology were other overheads that pushed the overall expenditure to Rs 2,210 crore in Q3 FY25 from Rs 1,978 crore in Q3 FY24. The decent scale and controlled expenditure helped FirstCry to reduce its losses by 70% to Rs 15 crore in the last quarter. Notably, the company reported a positive EBITDA of Rs 152 crore. As of the last trading session, FirstCry’s share price stood at Rs 419 per share, with a total market capitalization of Rs 21,753.8 crore (approximately $2.5 billion).

SleepyCat reports Rs 98 Cr revenue and Rs 9 Cr loss in FY25

EntrackrEntrackr · 2d ago
SleepyCat reports Rs 98 Cr revenue and Rs 9 Cr loss in FY25
Medial

SleepyCat posted strong growth in the fiscal year ended March 2025, with its operating revenue nearing Rs 100 crore. At the same time, the direct to consumer mattress brand kept its losses in single digits. SleepyCat’s revenue from operations rose 44% to Rs 98 crore in FY25 from Rs 68 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). SleepyCat operates a direct-to-consumer model focused on selling mattresses and sleep accessories primarily through its online channels. The company generated most of its revenue from the sale of finished goods, which contributed 89% of the total and increased 39% to Rs 87 crore in FY25. Revenue from the sale of traded goods nearly doubled to Rs 9.8 crore during the year. On the spending side, the cost of material accounted for half of its total cost, this expense climbed 52% to Rs 54 crore in FY25 from Rs 35.6 crore in FY24. Employee benefit expenses rose 11% to Rs 10 crore in FY25 from Rs 9 crore in FY24. Overall, SleepyCat’s total expenses expanded 44% to Rs 108.5 crore in FY25 from Rs 75.5 crore in FY24. Along with the increase in its scale, the company’s loss increased by 29% to Rs 9 crore in FY25 from Rs 7 crore in FY24. The company posted an EBITDA loss of Rs 9.6 crore in FY25 compared to Rs 6.7 crore in the previous year, while its EBITDA margin remained largely flat at -9.80%. The Bengaluru-based firm reported cash and bank balances of Rs 3 crore at the end of FY25, while its current assets stood at Rs 18.6 crore. SleepyCat has raised around $5 million of funding till date, having DSG Consumer Partners as its lead investor.

Spinny posts Rs 4,657 Cr revenue in FY25; cuts losses by 28%

EntrackrEntrackr · 5m ago
Spinny posts Rs 4,657 Cr revenue in FY25; cuts losses by 28%
Medial

Spinny posts Rs 4,657 Cr revenue in FY25; cuts losses by 28% Used car retailer Spinny posted a steady performance in FY25 with notable top-line growth and narrowing losses. The Gurugram-based company’s revenue from operations jumped 25% year-on-year to Rs 4,657 crore, up from Rs 3,730 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Spinny primarily generates its revenue from used car sales, accounting for 97.7% of its operating income (Rs 4,553 crore) from this segment, marking a 25.7% YoY rise during FY25. The balance came from commissions, support services, and advertising. Beyond operations, the company booked Rs 89 crore in non-operating income from interest on deposits, corporate bonds, mutual fund gains, and fair value adjustments. This pushed its total income to Rs 4,746 crore in FY25 from Rs 3,822 crore in FY24. For the used car retailer, the cost of procuring cars was naturally the largest cost center, accounting for 83.3% of the overall cost. In line with a 25% revenue surge, this cost grew 23% to Rs 4,309 crore in FY25. The firm cut its employee benefits by 13.8% to Rs 338 crore in the said year. Spinny’s direct cost stood at Rs 147 crore while its advertising and promotion costs reduced by 11.3% to Rs 125 crore in FY25. Other overheads, including information technology, legal, travelling, and rent, took the total cost to Rs 5,170 crore in FY25. The decent growth in its revenue helped Spinny to cut down its losses by 28.3% to Rs 423 crore in FY25 from Rs 590 crore in FY24. The company has also improved its per unit expense to revenue ratio in FY25, which was recorded at Rs 1.11. In March this year, the company closed $170 million round this year led by Accel Leaders Fund. According to startup data intelligence platform TheKredible, Spinny has raised around $676 million to date, including investors like Tiger Global, Accel, Elevation Capital, and others. The company expanded its portfolio by acquiring Autocar India, an auto media and car content platform, and started its own NBFC subsidiary.

Coding Ninjas posts Rs 67 Cr revenue in FY25; losses fall 41%

EntrackrEntrackr · 5m ago
Coding Ninjas posts Rs 67 Cr revenue in FY25; losses fall 41%
Medial

Coding Ninjas posts Rs 67 Cr revenue in FY25; losses fall 41% After posting flat revenue growth during FY24, Info Edge-backed edtech platform Coding Ninjas demonstrated 26.4% year-on-year growth in its operating revenue in the last fiscal year. Significantly, the Gurugram-based company managed to cut its losses by 41% in FY25. Coding Ninjas’ revenue from operations grew to Rs 67 crore in FY25 from Rs 53 crore in FY24, the company’s annual filing sourced from the Registrar of Companies (RoC) shows. Founded in 2016 by Ankush Singla, Kannu Mittal, and Dhawal Parate, Coding Ninjas provides online educational and coaching services to engineering students, including training in programming languages such as C++, Java, and Python, as well as other skills such as machine learning, web development, and data science. Income from online coaching services was the sole source of revenue for Coding Ninjas in the last fiscal year. According to its financial statements, the company expanded its course portfolio during the year through collaborations with premier institutions and universities. On the cost side, the company managed to cut expenses by 9% in the said period. Its employee benefits decreased by 18.5% to Rs 44 crore, while promotion expenses stood steady at Rs 28 crore. With 26% year-on-year revenue growth, the firm’s losses reduced by 41.2% to Rs 30 crore in FY25 from Rs 51 crore in FY24. However, its accumulated losses over its lifetime reached Rs 151.5 crore in FY25. According to Entrackr’s analysis of its annual report, the firm had total current assets of only Rs 17 crore, including cash and bank balances of Rs 7.5 crore. Importantly, its total current liabilities exceeded its current assets by Rs 24.7 crore, which could be a cause for concern. As per the startup data intelligence platform TheKredible, Info Edge is the only external investor in the company and has poured in around Rs 178 crore (about $22 million) across three funding rounds. In October 2022, Info Edge increased its stake from 26% to 51% in Coding Ninjas with an investment of Rs 135.4 crore ($17 million). Coding Ninjas competes with platforms like Scaler, Masai School, and Newton School, along with Coding Blocks, GUVI, Udemy, and Coursera. These rivals offer courses for beginners, job-ready bootcamps, and advanced programs.

Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr

EntrackrEntrackr · 5m ago
Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr
Medial

Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr Smytten, a product discovery and trial platform, improved its expense discipline and significantly narrowed losses, but the revenue decline highlights its continuing struggle to achieve sustainable growth in FY25. The company’s revenue from operations declined 10.5% to Rs 111 crore in FY25 from Rs 124 crore in FY24, according to its provisional financial statement sourced from the Registrar of Companies (RoC). Smytten derives its income largely from product trials and allied services for D2C and FMCG brands. The firm also generates ancillary revenues through brand promotions and partnerships. The company did not provide a revenue breakup in its provisional financial statements. On the expense front, the cost of materials, the firm’s largest expense, declined 17% to Rs 58 crore in FY25 from Rs 70 crore in FY24. Employee benefit expenses fell 9% to Rs 20 crore, while details of other overheads, including marketing, tech, and operational costs, were not disclosed. Overall, the company managed to reduce its total expenses by 21% to Rs 131 crore in FY25 from Rs 165 crore in FY24. The sharper control on expenses helped Smytten cut its losses by 41% to Rs 23.5 crore, as compared to Rs 40 crore in FY24. Its ROCE and EBITDA margin stood at -76.92% and -16.92%, respectively. On a per-unit basis, the firm spent Rs 1.18 to earn a rupee of revenue in the last fiscal year. As of March 2025, the Bengaluru-based company reported current assets worth Rs 67 crore, including Rs 20 crore in cash and bank balances. According to TheKredible, Smytten has raised a total of $22 million of funding till date, having Roots Ventures and Fireside Ventures as its lead investors. The company’s co-founders Siddhartha Nangia and Swagata Sarangi together own 39.32% of the company.

Ola Electric losses surge 50% to Rs 564 Cr in Q3 FY25, revenue declines

EntrackrEntrackr · 1y ago
Ola Electric losses surge 50% to Rs 564 Cr in Q3 FY25, revenue declines
Medial

url: https://entrackr.com/news/ola-electric-losses-surge-50-to-rs-564-cr-in-q3-fy25-revenue-declines-8698803. Content: Ola Electric reported its Q3 FY25 results on Friday, showing a 19.4% year-on-year decline in revenue. At the same time, the company's losses grew by 50%, highlighting a challenging quarter for the SoftBank-backed electric mobility firm. Ola Electric’s revenue from operations decreased to Rs 1,045 crore in Q3 FY25 from Rs 1,296 crore in Q3 FY24, its unaudited consolidated financial statements sourced from the National Stock Exchange show. Income from the sale of electric scooters was the sole source of revenue for Ola Electric while the collection from the sale of batteries contributed only a small portion in the third quarter of the ongoing fiscal year. For the EV scooter manufacturer, the cost of procurement of materials accounted for 56% of the total cost which stood at Rs 851 crore in Q3 FY24. Employee benefits, advertising, and technical support were some other cost centers, taking the total burn to Rs 1,505 crore in Q3 FY25. A decline in sales and fixed costs caused Ola Electric's losses to rise by 50% in Q3 FY25, reaching Rs 564 crore compared to Rs 376 crore in the same quarter of the previous fiscal year (Q3 FY24). In January, Ola Electric regained its top spot in the electric two-wheeler (EV 2W) segment, capturing a 24.91% market share with 24,330 units sold, according to Vahan data. TVS Motors followed in second place, selling 23,788 units, while Bajaj Auto claimed a 21.80% market share with 21,294 units sold.

Scaler nears Rs 400 Cr revenue in FY24; losses down by 58%

EntrackrEntrackr · 1y ago
Scaler nears Rs 400 Cr revenue in FY24; losses down by 58%
Medial

Upskilling platform Scaler has showcased better financial results for the fiscal year ending March 2024. The Bengaluru-based firm achieved over 21% growth in its operating scale while reducing losses by 58% compared to the previous fiscal year (FY23). Scaler’s revenue from operations grew to Rs 384.5 crore in FY24, from Rs 316.7 crore in FY23, according to its consolidated financial statement filed with the Registrar of Companies (RoC). Scaler is a tech upskilling platform that focuses on honing college students and tech professionals’ skills. The company offers six-month computer science courses through live classes. Sales of these courses accounted for 99% of the firm’s operating revenue in FY24. The company made additional Rs 4.5 crore from interest income which pushed its total revenue to Rs 389 crore in FY24. Along with achieving decent growth in scale, the company has reduced costs across verticals, as evident from its expenditure on employee benefits, which declined by 28.57% to Rs 230 crore. Advertising costs dropped by 35% to Rs 92 crore, while IT expenses decreased by 31.82%. However, training and recruitment expenses rose by 44.12% to Rs 49 crore, and rent increased by 44.44% to Rs 13 crore in FY24. Overall, Scaler's total expenses declined by 22.2%, from Rs 609 crore in FY23 to Rs 474 crore during the last fiscal year. Optimization of major expense categories helped Scaler reduce its overall losses by 58% to Rs 139 crore in FY24. Its EBITDA Margin also improved to -32.02%. On a unit basis, the company spent Rs 1.23 to earn a rupee during the fiscal year. The company reported current assets worth Rs 83 crore including cash and bank balances worth Rs 20 crore in FY24. According to TheKredible, Scaler Academy has raised a total of $75 million of funding till date from Tiger Global and Peak XV among others. Its founders, Anshuman Singh and Abhimanyu Saxena, each hold 29.16% of the company. Peak XV Partners owns 22.61%, while Tiger Global holds an 8.13% stake in the company. While the financial numbers would indicate a runway for another six months in FY25, the firm will certainly need one more round of funding to stand independently. The business has scale, the brand has built some credibility now and a strong future beckons if Scaler can build on that momentum. The edtech does face its share of challenges, and will need to expand with care so as not to expend too many resources in markets where success may not necessarily follow. With its short term courses offering a career leg up, markets where the potential is high but the basic education system is a shambles will be a bad idea, one feels. As students simply may not be equipped to benefit as they should. We should know soon enough what route the firm takes to build a sustainable business.

Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%

EntrackrEntrackr · 5m ago
Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%
Medial

Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37% Flipkart Internet, the B2B arm of Walmart-owned Flipkart, reported a 14% year-on-year rise in revenue, crossing the Rs 20,000 crore mark in the fiscal year ending March 2025. The Bengaluru-based firm also reduced its losses by 37%, bringing them below Rs 1,500 crore during the same period. Flipkart Internet’s revenue from operations increased to Rs 20,493 crore in FY25, from Rs 17,907 crore in FY24, as per its consolidated financial statements filed with the Registrar of Companies (RoC). Flipkart’s revenue is driven by marketplace, logistics, and advertising services. Income from marketplace services more than doubled to Rs 7,751 crore in FY25 from Rs 3,734 crore in FY24, contributing 38% to operating revenue. Advertising income surged 27% to Rs 6,317 crore, making up 31% of the topline. However, revenue from logistics services declined by 38% to Rs 4,224 crore, reducing its share to 21%. The firm made an additional Rs 314 crore from non-operating sources, which pushed its total revenue to Rs 20,807 crore in the last fiscal year (FY25). On the cost side, the largest cost head remained logistics service charges, which increased 9% to Rs 7,144 crore, accounting for 32% of total expenses. Employee benefit expenses declined 8% to Rs 4,748 crore, while marketing costs rose sharply by 37% to Rs 4,100 crore, making up 18% of overall costs. Collection charges stood at Rs 2,693 crore (12.1% of expenses) and legal/professional fees at Rs 1,394 crore. Overall, Flipkart Internet’s total expenses grew 8% to Rs 22,311 crore in FY25 from Rs 20,627 crore in FY24. Flipkart Internet managed to cut its losses by 37% to Rs 1,494 crore in FY25, from Rs 2,359 crore in FY24. Its EBITDA losses narrowed to Rs 1,078 crore in FY25 from Rs 1,869 crore in FY24, with the EBITDA margin improving from -10.25% to -5.18%. On a unit level, Flipkart spent Rs 1.09 to earn a rupee in FY25, better than Rs 1.15 in FY24. The company’s current assets stood at Rs 11,952 crore, while cash and bank balances rose to Rs 187 crore.

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