🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Dezerv reports Rs 26 Cr revenue and Rs 75 Cr loss in FY24

EntrackrEntrackr · 9m ago
Dezerv reports Rs 26 Cr revenue and Rs 75 Cr loss in FY24
Medial

Dezerv, a company backed by Premji Invest, reported a revenue of Rs 26.25 crore and a loss of Rs 74.53 crore for the fiscal year ending March 2024. The revenue grew by 160% compared to the previous year, while losses increased by 95.1%. The total income for the year was Rs 26.33 crore, with significant expenses in employee costs (Rs 63.34 crore), marketing (Rs 18.48 crore), legal (Rs 4.13 crore), and miscellaneous expenses (Rs 14.89 crore), totaling Rs 100.84 crore. The company’s ROCE was -64.9% and EBITDA margin was -267.45%. Dezerv had cash and bank balances of Rs 100 crore and current assets worth Rs 122 crore. In FY23, the company had a revenue of Rs 10.22 crore and a loss of Rs 38.20 crore. The company raised $60 million in funding, with investors including Premji Invest, Elevation Capital, Matrix, and Accel. Dezerv targets high net-worth individuals (HNIs) with an investment threshold ranging from Rs 15 lakhs to several crore rupees, focusing on portfolio management services for working professionals.

Co-living startup Truliv raises strategic investment from BCCL

EntrackrEntrackr · 2m ago
Co-living startup Truliv raises strategic investment from BCCL
Medial

Co-living startup Truliv raises strategic investment from BCCL Co-living startup Truliv has entered into a strategic equity partnership with Bennett, Coleman and Company Limited (BCCL) at a valuation of Rs 356.50 crore. The Chennai-based company had earlier raised 2.1 million US dollars in a seed funding round from DRA Homes and other investors. According to a press release, the fresh funds will be used to expand Truliv’s footprint into new cities, strengthen its technology platforms, and build out the next set of alternate asset classes in hospitality including holiday homes and retirement living. Founded in 2019 by Rohit Reddy and Ranjeeth Rathod, Truliv is a subsidiary of DRA and is focused on transforming the alternate asset class hospitality sector in India. The company aims to deliver impactful and future-ready living solutions that cater to the evolving needs of diverse demographic segments. Operating through a built-to-suit, asset-light model, Truliv says its approach blends real estate efficiency with hospitality finesse. Its high occupancy properties serve the growing base of mobile professionals, digital nomads, and young urban migrants in India. Truliv currently operates in the holiday homes segment as its second asset class, with several more offerings under development. Its upcoming portfolio includes student housing, retirement communities, and nature-centric living solutions. Each offering is designed to redefine residential experiences through innovation, quality, and lifestyle integration. With plans to scale into new cities and diversify into emerging segments like holiday homes, retirement living, and nature-centric stays, the company is projected to generate Rs 200 crore in annual revenue within the next three years.

Exclusive: Physicswallah revenue crosses Rs 3,000 Cr in FY25, cuts losses by 80%

EntrackrEntrackr · 3d ago
Exclusive: Physicswallah revenue crosses Rs 3,000 Cr in FY25, cuts losses by 80%
Medial

Edtech unicorn PhysicsWallah (PW) recorded strong growth in FY25, with a sharp rise in revenue and a notable cut in losses, according to Entrackr sources familiar with the company’s financials. Physicswallah’s operating revenue grew by around 55% to over Rs 3,000 crore in the fiscal year ending March 2025. For background, the Delhi-based company recorded 140% year-on-year growth to Rs 1,940.4 crore in FY24 from Rs 744.3 crore in FY23. As per sources, the rebound was steered by the company’s offline push, which now contributes a major share of its topline. PW expanded its footprint to 200 centers in FY25 from 124 a year earlier. The growth was supported by a healthy teacher-student ratio and efficient seat allocation. By FY25, overall enrolments rose to 5 million from 3.6 million in FY24. The company has now expanded into over 30 test prep categories and increased offerings like more upskilling courses and IOI centers in multiple new cities, besides expanding its presence in the Gulf region. When it comes to the bottom line, the company narrowed losses in the range of 80% in the last fiscal year (FY25). Notably, PhysicsWallah’s losses widened over 13X to Rs 1,131 crore in FY24 due to one-time non-cash charges of Rs 756 crore booked as fair value loss on compulsorily convertible preference shares (CCPS). The financial improvements come as PW gears up to go public. The company has received SEBI’s nod to file its Draft Red Herring Prospectus (DRHP) and is planning to raise around Rs 4,500 crore through the IPO. The listing could value the company in the range of Rs 35,000-40,000 crore, according to sources. Founded in 2016 by Alakh Pandey and Prateek Maheshwari, PhysicsWallah has emerged as one of the few scaled edtech firms to maintain positive cash flows in previous fiscal years. With losses now under control, rising enrolments, and strong offline traction, PW is positioning itself as a rare success story in India’s embattled edtech sector, one that could set the tone for investor sentiment ahead of its market debut.

Download the medial app to read full posts, comements and news.