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Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74%

EntrackrEntrackr · 7d ago
Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74%
Medial

Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74% After growing 75% in FY24, online credit platform MoneyView sustained its momentum with a 74% revenue rise in FY25, while profits increased 40% to Rs 240 crore. Following a 75% year-on-year growth in FY24, online credit platform Moneyview maintained its strong growth momentum and posted another 74% YoY increase in its revenue in FY25. At the same time, profits for the Bangalore-based firm grew 40% to Rs 240 crore during the year. Moneyview’s revenue from operations grew to Rs 2,339 crore in FY25 from Rs 1,342.37 crore in FY25, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview provides personalized credit products such as instant personal loans, credit cards, BNPL, and financial management solutions through partner lenders. Its lending partners include Aditya Birla Capital, Northern Arc, Vivriti Capital, Oxyzo, among others. Income from fees and commissions on loan disbursals was the primary revenue driver for MoneyView, contributing over 63% of its total operating revenue, which increased to Rs 1,486.8 crore in FY25. Interest on portfolio loans surged 2.6X to Rs 789 crore, while interest income on deposits and gains from financial assets added another Rs 63.3 crore. The company also earned Rs 39.4 crore in non-operating income, including net fair value gains on financial instruments, taking its total income to Rs 2,738.5 crore in FY25. For the fintech unicorn, impairment on portfolio loans and write-offs were among its largest expenses, amounting to Rs 346 crore in FY25, nearly three times higher year on year. This included Rs 246 crore in write-offs. Another major cost was the Default Loss Guarantee (DLG) expense at Rs 321.7 crore, representing the amount set aside to cover potential loan defaults under guarantee arrangements with partner banks and NBFCs. Together, these costs accounted for over 32% of total expenses. Finance costs also rose nearly threefold to Rs 370 crore, in line with a similar increase in non-current borrowings, which climbed to Rs 1,201 crore during the year. Employee benefit expenses rose 42% to Rs 222.5 crore in FY25, while outsourcing service costs and transaction processing costs stood at Rs 196.6 crore and Rs 51.7 crore, respectively, during the year. Other overheads, including information technology, legal & professional fees, took the company’s overall expenses to Rs 2,059.3 crore in FY25. The significant scale-up helped Moneyview grow its profit by over 40% to Rs 240.3 crore in FY25 from Rs 171.1 crore in FY24. On a unit level, the company spent Rs 0.88 to earn a rupee in FY25. As of March 2025, Moneyview’s current assets stood at Rs 4,198.4 crore, including healthy cash and bank balances of Rs 1,067.7 crore. According to startup data platform TheKredible, the firm has raised over $230 million across multiple rounds from investors including Accel, Tiger Global, and Ribbit Capital, including $4.6 million from Accel and Nexus Venture Partners that turned the company into a unicorn. In June 2025, Moneyview converted into a public entity, indicating its plans to go public. The company is reportedly planning to raise over $400 million (around Rs 3,400 crore) through its initial public offering (IPO).

Arya.ag reports Rs 340 Cr revenue in FY24, profit surges 2.5X

EntrackrEntrackr · 10m ago
Arya.ag reports Rs 340 Cr revenue in FY24, profit surges 2.5X
Medial

Arya.ag became the first agritech startup to secure two funding rounds in 2024. This milestone was driven by a significant increase in scale while maintaining profitability, a rarity in the sector in recent years. Arya.ag’s operating revenue climbed 18% to Rs 340 crore in FY24 from Rs 288 crore in FY23, as per its consolidated financial statement sourced from the Registrar of Companies (RoC). Noida-based Arya.ag is a grain commerce platform, connecting agriproduce sellers and buyers. It enables farmgate storage, finance, and year-round supply, serving farmers, FPOs, financial institutions, SME processors, traders, and corporate agribusinesses. Its subsidiary, Aryadhan, offers warehouse receipt financing. Storage and warehousing income was the largest contributor and generated Rs 212.8 crore or 62.64% of total operating revenue, with a 7.5% rise. Interest income on loans rose significantly by 27.2% to Rs 55.4 crore, while other income contributed another Rs 71.5 crore. The company earned additional Rs 13 crore from non-operating revenue which pushed its total income to Rs 352 crore in FY24. On the expense front, the cost of services, its largest expense, grew marginally by 3.1% to Rs 183.9 crore, representing 55.66% of total expenses, employee benefit costs rose by 17.1% to Rs 50 crore, while finance expenses surged by 56.3% to Rs 60 crore. Other expenses added another Rs 36.5 crore. Overall, Arya.ag’s total expenses increased by 16% to Rs 330.4 crore in FY24 from Rs 284.6 crore in FY23. Arya.ag’s profit spiked 2.5X to Rs 19 crore in FY24 from Rs 7.6 crore in FY23. Its ROCE and EBITDA margin stood at 14.87% and 25.3% respectively. Arya.ag’s expense-to-earning ratio stood at Rs 0.97. As of March 2024, the firm reported Rs 1114 crore of current assets including Rs 103 crore of cash and bank balance. According to TheKredible, Arya.ag has raised a total of $144 million in funding till date having Lightrock Venture and Aspada Investment Company as its lead investors. Recently, the firm secured a $19.8 million commitment from the United States International Development Finance Corporation (DFC) to guarantee a debt facility for its agri-commerce subsidiary, Aryatech.

Miko reports Rs 358 Cr revenue in FY24, income from subscription biz surges 29X

EntrackrEntrackr · 5m ago
Miko reports Rs 358 Cr revenue in FY24, income from subscription biz surges 29X
Medial

Miko, a Mumbai-based robotics and AI startup known for its interactive robots for children, continued its growth trajectory in the fiscal year ending March 2024, recording a 58% year-on-year increase in revenue. Miko's revenue from operations increased to Rs 358 crore in FY24, from Rs 226 crore in FY23, according to its consolidated financial statement sourced from the Registrar of Companies (RoC). Miko creates personal companion robots focusing on educating and entertaining children from the age group of 5 years to 11 years. The company also allows child-focused content partners and developers to port their content on Miko and monetise via subscription. The company's revenue from product sales (robots) grew 46% to Rs 329 crore in FY24, while income from subscription services of content applications saw an exponential rise — growing 29 times from Rs 1 crore to Rs 29 crore during the same period (FY24). On the expense front, the largest cost center was material cost, which surged 50% to Rs 182 crore. Advertising expenses, which typically reflect brand-building efforts, jumped 79% to Rs 113 crore. Depreciation expenses surged 206% year-on-year to Rs 95 crore in FY24. Employee benefit expenses, however, declined by 23% to Rs 30 crore in the said fiscal year. Overall, the firm’s total expense grew 55% YoY to Rs 505 crore in FY24 from Rs 325 crore in FY23. The company reported a net loss of Rs 120 crore in FY24, up from Rs 108 crore in FY23. Its ROCE and EBITDA margin stood at -85.71% and -8.45%, respectively. On a unit economics basis, Miko spent Rs 1.41 to earn a rupee in FY24. The Mumbai-based firm reported current assets worth Rs 297 crore in FY24 which includes Rs 89 crore in cash and bank balance. According to startup data intelligence platform TheKredible, Miko has raised a total of $76 million till date, having Chiratae Ventures and Yournest as its lead investors. The company's co-founders Sneh Vaswani, Prashant Iyengar and Chintan Raikar together own 19% of the company.

Wealthy’s revenue surges 72% in FY25, losses touch Rs 35 Cr

EntrackrEntrackr · 16d ago
Wealthy’s revenue surges 72% in FY25, losses touch Rs 35 Cr
Medial

Wealthy, an investment advisory and wealth management platform, achieved a 72% year-on-year increase in scale during FY25. This came after a two-fold expansion in the preceding fiscal year (FY24), showing the firm's continued growth momentum. Wealthy’s revenue from operations grew to Rs 25 crore in FY25 from Rs 14.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Revenue from brokerage services was its largest stream which accounted for 56% of the total income. This income more than doubled to Rs 14 crore in FY25 from Rs 6.3 crore in FY24. Revenue from advisory services brought in Rs 9 crore, a 24% year-on-year increase, while commission income surged 110% to Rs 2 crore during the period. Wealthy also reported Rs 10 crore as non-operating income, pushing its total income to Rs 35 crore in FY25. Employee benefit expenses remained its largest cost center, forming over 53% of the total expenses. This cost grew 23% to Rs 37 crore in FY25 from Rs 30 crore in FY24. Legal and professional fees more than doubled to Rs 9 crore, while commission costs increased 69% to Rs 7.6 crore. Advertising spend also saw a sharp rise of 92% to Rs 2.5 crore in the last fiscal year. Overall, Wealthy’s total expenditure rose 41% year-on-year to Rs 70 crore in FY25 from Rs 49.5 crore in the previous fiscal year. The AWI-backed company recorded a net loss of Rs 35 crore in the last fiscal year, which went up by 46% from Rs 24 crore in FY24. Its ROCE and EBITDA margin stood at -155.17% and -152%, respectively. On a unit level, the firm spent Rs 2.8 to earn a rupee of operating revenue during FY25, compared to Rs 3.41 in FY24. As of March 2025, the Bengaluru-based firm recorded current assets worth Rs 17.5 crore including Rs 7 crore in cash and bank balance. According to startup data intelligence platform TheKredible, Wealthy has raised a total of Rs 117.27 crore including Rs 45 crore in Series B round led by Falcon Edge’s Alpha Wave Incubation Fund which is the largest stakeholder with close to 23% as of the firm’s Series A. Its co-founders Aditya Agarwal and Prashant Gupta together own 34.5% of the company.

Exclusive: BigHaat crosses Rs 1,100 Cr revenue in FY25; turns EBITDA profitable

EntrackrEntrackr · 2m ago
Exclusive: BigHaat crosses Rs 1,100 Cr revenue in FY25; turns EBITDA profitable
Medial

Exclusive All Stories Exclusive: BigHaat crosses Rs 1,100 Cr revenue in FY25; turns EBITDA profitable Full-stack agritech platform BigHaat Agro posted a flat scale with single-digit year-on-year growth in the fiscal year ending March 2025. However, the Bengaluru-based company managed to narrow its losses by over 25% during the last fiscal year. According to its co-founder Sateesh Nukala, BigHaat has crossed the Rs 1,100 crore revenue threshold in FY25 from Rs 1,050 crore in FY24. BigHaat’s revenue split consists of 85% of revenue coming from farm produce sales, with agri-inputs, which is direct to farmers, and digital only contributing 15%. The platform now counts 3 million monthly active farmers and reported 15% gross margins in FY25, said Nukala in an interaction with Entrackr. Nukala highlighted that exports and advanced processing, a high-margin vertical launched in FY25, now contribute 20% to its monthly revenue. “We have reduced our net loss to Rs 25 crore in FY25 from Rs 35 crore in FY24 and turned EBITDA positive for the last three quarters,” said Nukala. He also added that BigHaat is among the few agritech startups to achieve profitability at scale with 6x revenue-to-capital efficiency. As per Nukala, the company is targeting Rs 1,400 crore in FY26, with spices emerging as a key growth driver. “We are also open to acquisitions of new brands to strengthen our portfolio,” he emphasized. BigHaat has raised around $25 million to date. In January 2022, it raised Rs 100 crore led by JM Financial. Beyond Next Ventures, Ashish Kacholia, Ankur Capital, and others are some notable investors for the firm. This contrasts with larger peers. DeHaat, India’s most valued agritech startup, clocked Rs 2,675 crore revenue in FY24 but with losses of over Rs 240 crore. Ninjacart, backed by Walmart and Flipkart, crossed Rs 2,000 crore revenue in the same fiscal but recorded a Rs 259.6 crore loss. By combining steady topline growth, improving margins, and sustained EBITDA profitability, BigHaat is positioning itself as one of the few agritech ventures balancing scale with financial discipline, while many peers continue to burn capital at larger scales.

Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65%

EntrackrEntrackr · 19d ago
Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65%
Medial

Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65% Furlenco managed 65% year-on-year revenue growth and kept tight control on expenses. As a result, Furlenco posted a Rs 3 crore profit after tax (PAT) in FY25, compared with a Rs 130 crore loss in FY24. After a tepid performance in the last fiscal year, subscription-based furniture rental firm Furlenco has made a notable comeback in FY25. The Bengaluru-based firm managed 65% year-on-year revenue growth and kept tight control on expenses. As a result, Furlenco posted a Rs 3 crore profit after tax (PAT) in FY25, compared with a Rs 130 crore loss in FY24. Furlenco’s revenue from operations grew to Rs 229 crore in FY25 from Rs 139 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Furlenco provides furniture and home decor for rent along with relocation services. Income from furniture rental services accounted for 91% of the operating revenue, which grew by 61% to Rs 208 crore in FY25. Income from the sale of products (furniture including sofas and beds), more than doubled to Rs 21 crore during the fiscal year ending March 2025. Including other non-operating activities such as treasury gains of Rs 11 crore, its total income rose to Rs 240 crore in FY25. The company streamlined its cost structure and reduced its total expense by 16% to Rs 237 crore in FY25 from Rs 282 crore in FY24. Employee benefits expenses decreased by 35% year-on-year to Rs 31 crore in FY25, while finance costs dropped 41% to Rs 19 crore in FY25. Cost of material, however, rose 33% to Rs 8 crore in FY25. Depreciation on the company’s furniture rose 29% to Rs 45 crore in FY25 from Rs 35 crore in FY24. With strong revenue growth and lower burn, Furlenco turned profitable and posted a profit of Rs 3 crore in FY25, in contrast to a loss of Rs 130 crore in FY24. Its ROCE and EBITDA margin improved significantly to 5.68% and 24.45%, respectively. On a per-unit basis, the firm spent Rs 1.03 to earn every rupee of operating revenue, compared to Rs 2.03 in FY24. Furlenco’s current assets stood at Rs 106 crore, including cash and bank balances of Rs 32 crore in FY25. According to startup data intelligence platform TheKredible, Furlenco has raised a total of $298 m in funding till date, with Sheela Foam and Lightbox Ventures as its lead investors. The company’s founder and chief executive, Ajith Mohan Karimpana owns 12% of the company. Furlenco certainly seems to have discovered a better playbook for its business, because numbers like these looked unlikely till last year. While the concept has certainly found takers, operating costs had been too high to offer hope of such a turnaround. So credit to the team for having pulled it off.

LiquiLoans revenue surges 3.4X to Rs 696 Cr in FY24, remains profitable

EntrackrEntrackr · 9m ago
LiquiLoans revenue surges 3.4X to Rs 696 Cr in FY24, remains profitable
Medial

LiquiLoans revenue surges 3.4X to Rs 696 Cr in FY24, remains profitable While the Reserve Bank of India (RBI) tightens regulations around the peer-to-peer (P2P) lending space, with the impact expected to be seen in FY25 and FY26, the sector’s poster child, LiquiLoans, has experienced 3.4x growth in the fiscal year ending March 2024. LiquiLoans’ revenue from operations jumped to Rs 695.63 crore in the last fiscal year (FY24) from Rs 203.43 crore in FY23, its financial statements sourced from the Registrar of Companies (RoC) show. LiquiLoans operates as a peer-to-peer lending platform, providing personal loans, consumer loans, and deposit financing. The platform emphasizes high diversification, capping portfolio exposure per borrower at 0.5%. During the last fiscal year, the sale of these services was the company’s sole source of revenue. LiquiLoans made additional Rs 10 crore from interest income which pushed its total income to Rs 706 crore in FY24. On the expense front, service fee expenses accounted for the largest share, surging 4X to Rs 578.57 crore in FY24, compared to Rs 140 crore in FY23. Commission payouts increased by 88% to Rs 64.72 crore, while employee benefit expenses rose 2.5X to Rs 40.80 crore. Overall, LiquiLoans' total expenses jumped 3.3X, reaching Rs 704.59 crore in FY24, up from Rs 212.94 crore in FY23. The steep rise in expenses led to an 88% drop in profits for LiquiLoans, declining to Rs 71 lakh in FY24 from Rs 5.70 crore in FY23. The company's ROCE and EBITDA margin stood at 1.11% and 0.35%, respectively. On a unit basis, LiquiLoans spent Rs 1.01 to generate every rupee of operating revenue in the last fiscal year. The Mumbai-based company reported cash and bank balances of Rs 33 lakh and current assets worth Rs 283 crore in FY24. According to TheKredible, Liquiloans has raised $15 million to date, with Matrix Partners and CRED serving as its lead investors. LiquiLoans has built a strong reputation in the business, and market feedback indicates some of the lowest non-performing loans in its portfolio as well. As the backend for some leading players in the business, the firm has also focused on the higher credit score side of the market, further reducing risk. What that has also meant is that margins can be narrower if returns are safer. Thus, margin expansion will need to look at the cost side harder. With the regulator keen to weed out short-term players, LiquiLoans seems well placed for a strong run in the vanilla personal loans business, besides future opportunities with other products as it builds its own database of high-quality borrowers.

Rare Rabbit nears Rs 650 Cr revenue in FY24, profit surges 2.3X

EntrackrEntrackr · 8m ago
Rare Rabbit nears Rs 650 Cr revenue in FY24, profit surges 2.3X
Medial

Rare Rabbit nears Rs 650 Cr revenue in FY24, profit surges 2.3X Premium fashion brand Rare Rabbit has been growing rapidly in recent years, with its revenue increasing by over 69% during the fiscal year ending March 2024. At the same time, the firm’s profit surged 2.3 times, touching Rs 70 crore during the same period (FY24). Rare Rabbit’s revenue from operations increased to Rs 637 crore in FY24 from Rs 376 crore in FY23, according to its financial statement sourced from the Registrar of Companies (RoC). Rare Rabbit is a men's fashion brand operated by The House of Rare. Founded in 2015, the brand offers a range of clothing including shirts, polos, T-shirts, trousers, and jackets. Product sales were the company’s primary source of revenue. The company earned Rs 5 crore from interest income, bringing its total income to Rs 642 crore in FY24. On the expense front, the major cost, material expenses increased by 53% to Rs 208.4 crore. Employee benefit expenses surged by 95% to Rs 78 crore while expense increased by 45% to Rs 93 crore. Rent and commission expenses also increased by 62% and 58%, respectively. Overall, Rare Rabbit’s total expenses grew by 59.9% to Rs 542 crore in FY24, up from Rs 339 crore in FY23. Since Rare Rabbit’s revenue growth outpaced its expenses, the company’s profit surged 2.3 times to Rs 75 crore in FY24 from Rs 32 crore in FY23. The EBITDA margin improved to 19% from 14.7%, while the return on capital employed (ROCE) increased to 52.15% in FY24 from 42.02% in the previous fiscal year. On a unit level, Rare Rabbit spent Rs 0.85 to earn a rupee in the last fiscal year. As of March 2024, the company held Rs 2 crore in cash and bank balances, with current assets totaling Rs 349.5 crore. According to TheKredible, Rare Rabbit has raised a total of approx $24 million of funding to date, which includes the recent Rs 50 crore funding round from its existing lead investor A91 Partners. Rare Rabbit’s success and presence have practically crept up if you have been an ordinary industry watcher. The men's focused brand (their women's offering is called Rare is, and a children's planned offering will be Rare Ones) has gone about its work slowly but surely, not offering the permanent discounts that have been a feature of many others. The premium positioning seems to have worked eventually, placing the brand in a very strong position a decade after it launched. So will the House of Rare stay independent? We are betting it will, at least until after FY25 numbers, which could take the brand beyond the 1000 crore milestone. At that level, assuming it remains profitable, a unicorn valuation will be just one of the perks of staying rare.

iD Fresh Food reports Rs 681 Cr revenue in FY25; profit surges over 5X

EntrackrEntrackr · 14d ago
iD Fresh Food reports Rs 681 Cr revenue in FY25; profit surges over 5X
Medial

Ready-to-cook food brand iD Fresh Food maintained its growth momentum in FY25, following its turnaround in FY24 when it became profitable. The firm’s revenue grew 22% year-on-year in the fiscal year ending March 2025, while its profit jumped over 5X in the same period. iD Fresh Food’s operating revenue rose to Rs 681.37 crore in FY25 from Rs 557.84 crore, its annual financial statements sourced from the Registrar of Companies (RoC) show. The Bengaluru-based firm earned most of its revenue from the sale of finished goods such as parotas and various batters, which accounted for 76.2% of its total operating income at Rs 518.93 crore. The remaining 23.8%, amounting to Rs 162.2 crore, came from traded goods including dairy products, chapatis, beverages, frozen fruits and chutneys. iD Fresh Food’s cost structure shows that the cost of goods sold was its largest expense, accounting for 50% of total costs. This expense rose 17% to Rs 332.17 crore in FY25 from Rs 283.34 crore in FY24. Meanwhile, employee benefits expenses rose 18% to Rs 143.91 crore, including ESOP costs of Rs 10.31 crore. Advertising and marketing expenses increased 11% year-on-year to Rs 52.34 crore. Rent expenses rose 26% to Rs 27 crore, while transportation costs spiked 45% to Rs 18.93 crore in FY25. Other overheads including power and fuel, legal and professional fees, repairs and maintenance, and travel expenses added another Rs 87 crore, taking total expenses to Rs 661.49 crore. Cash outflows from operating activities tripled to Rs 33.35 crore in FY25. In the end, the company’s revenue growth outpaced the rise in total expenses. As a result, iD Fresh Food’s profit surged over 5X to Rs 25.87 crore from Rs 4.43 crore in FY24. The deferred tax credit of Rs 24.88 crore has been excluded from the analysis, as it is a non-cash item and not part of the company’s core operations. On a unit level, the Premji Invest-backed firm spent Rs 0.97 to earn a rupee of operating revenue in FY25, compared to Rs 1 in FY24. It also improved its EBITDA margin to 8.68% during the last fiscal year. As of March 2025, iD Fresh Food recorded current assets worth Rs 206.74 crore including Rs 99.21 crore in cash and bank balance. According to startup data intelligence platform TheKredible, iD Fresh Food has raised around $120 million to date from investors, with Premji Invest and NewQuest Capital among the lead backers.

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