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Great Learning's scale goes past Rs 1,039 Cr in FY25

EntrackrEntrackr · 3m ago
Great Learning's scale goes past Rs 1,039 Cr in FY25
Medial

Great Learning's scale goes past Rs 1,039 Cr in FY25 Edtech and professional upskilling platform Great Learning recorded modest growth in FY25, with its consolidated revenue from operations growing 4.7% to Rs 1,039 crore, up from Rs 992 crore in FY24, according to the company’s documents reviewed by Entrackr. The company’s operating profit (excluding Interest, Depreciation, non-cash expense (ESOP), exceptional items, and tax surged threefold to Rs 40.23 crore during the same period, compared to Rs 13.82 crore in FY24. As per the company, the sustained global demand for professional upskilling in artificial intelligence (AI) was a key growth driver for Great Learning through FY25. It also expanded its academic portfolio with new collaborations, including tie-ups with IIT Bombay and Johns Hopkins University, to introduce advanced AI and digital business programs. As per the document, its total costs grew marginally to Rs 998.9 crore in FY25 from Rs 978.2 crore a year earlier. Marketing and business promotion remained the largest expenditure at Rs 371.2 crore, up from Rs 339 crore, followed by employee benefits at Rs 267.5 crore and professional and consultancy costs of Rs 266.7 crore. Administrative and other costs declined to Rs 93.4 crore, the document mentioned. Commenting on the results, Mohan Lakhamraju, Founder and CEO of Great Learning, said the company achieved profitability for two consecutive years through innovation and operational discipline, rather than cost-cutting measures. Great Learning offers professional learning programs across AI, data science, machine learning, and digital business leadership. The company claims over 13.8 million learners across 170+ countries and 1,750 programs, supported by a network of more than 8,000 industry mentors. With steady topline expansion, improving margins, and continued investment in AI-driven initiatives, Great Learning has managed to sustain growth momentum even as many edtech peers continue to recalibrate their business models and spending patterns.

Legaltech startup LegalKart raises Rs 6.5 Cr in fresh round

EntrackrEntrackr · 1y ago
Legaltech startup LegalKart raises Rs 6.5 Cr in fresh round
Medial

LegalKart, a legal consultation platform, raised Rs 6.5 crore in its latest funding round from IIM Udaipur Incubation Centre. Aevitas Capital, Shift Alt Cap, and others have also participated. Earlier in January 2022, the Gurugram-based startup had raised Rs 4 crore in its pre-Series A round led by Mumbai Angels and others. The proceeds will be infused to ramp up company’s growth and drive the development of its AI-enabled legal technology solutions. Founded in 2019 by Arvind Singhatiya, LegalKart provides legal services with AI-driven documentation, consultations, and tailored digital solutions. The platform allows users to connect with legal professionals and lawyers in all Indian languages through audio and video calls, ensuring greater accessibility. LegalKart goes beyond consultations, offering services like property document verification, vehicle challan payments, and convenient review and drafting of legal documents. In the last 8 months, LegalKart claims to have witnessed a 453% jump in its business topline. The newly infused funds will be strategically utilized to fuel this exponential growth, introduce new AI-driven products, and expand LegalKart’s presence in India’s tier II and tier III cities.

Exclusive: Fabric maker Jain Cord raises Rs 200 Cr in Series A from Lohia family office

EntrackrEntrackr · 1d ago
Exclusive: Fabric maker Jain Cord raises Rs 200 Cr in Series A from Lohia family office
Medial

Exclusive: Fabric maker Jain Cord raises Rs 200 Cr in Series A from Lohia family office Jain Cord, a Gurugram-based manufacturer of cotton and linen fabrics, has raised its first institutional funding of Rs 200 crore in a Series A round from the Lohia Family Office, operated under Indorama Capital Holdings Pte. Ltd. Jain Cord Industries’ board has issued 31,79,550 compulsorily convertible preference shares (CCPS) and 100 equity shares at an issue price of Rs 629 per share to raise a total of Rs 200 crore, according to its regulatory filing with the Registrar of Companies (RoC). According to Entrackr’s estimates, Jain Cord Industries is valued at around Rs 829 crore ($94.75 million) on a post-money basis. The fresh funds will be utilised for working capital requirements, repayment of unsecured borrowings, capital expenditure, and business expansion, along with supporting general operating expenses, as per the RoC filing. Founded in 1960, Jain Cord Industries is a vertically integrated textile manufacturer engaged in the production and processing of fabrics and garments. The company offers end-to-end capabilities across weaving, knitting, dyeing, finishing, and garment manufacturing, supported by modern production technologies and process-driven operations. Jain Cord is known for its woven fabrics, including corduroy and velveteen, and serves domestic and international apparel brands. It operates manufacturing facilities in Gurugram and Kosi near Mathura, with large-scale fabric and garment production capacity and a focus on quality and compliance standards. After the fresh allotment, Indorama Capital Holdings Pte. Ltd will hold a 24.13% stake in Jain Cord Industries, while the promoters’ shareholding will decline to 75.87% from 100% on a fully diluted basis. Jain Cord Industries reported revenue of Rs 783.33 crore in FY25, up from Rs 537.37 crore in FY24. Its profit reached Rs 19.97 crore in FY25 compared to Rs 12.52 crore in the previous fiscal.

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