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Bhagwati Products eyes over two-fold surge in FY26 revenue

Economic Times

Economic Times · 1d ago

Bhagwati Products eyes over two-fold surge in FY26 revenue

Bhagwati Products, a leading electronics contract manufacturer, plans to double its revenue to Rs 15,000 crore by FY26, up from Rs 6,200 crore. The company, collaborating with Huaqin, seeks to expand its manufacturing capabilities to include Android tablets, wearables, and smartphones, targeting exports to the US. It aims to transition from contract manufacturing to original product design, investing in new facilities and upskilling its workforce, thus enhancing control over components and suppliers.

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Mobikwik losses surge 6X in Q1 FY26

Entrackr

Entrackr · 28d ago

Mobikwik losses surge 6X in Q1 FY26

Mobikwik losses surge 6X in Q1 FY26 Fintech platform MobiKwik reported its quarterly results for the first quarter of the ongoing fiscal year (FY26), with revenue declining 20.8% year-on-year and losses rising over six-fold. MobiKwik’s revenue from operations decreased by 20.8% to Rs 271 crore in Q1 FY26 from Rs 342 crore in Q1 FY25. Commissions on recharges, processing, and interest on servicing loans, payment gateways, as well as platform fees were the primary revenue sources for MobiKwik in Q1 FY26. The company has 180.2 million registered users and 4.64 million merchants at the end of the first quarter (FY26). For the payments platform, payment gateway costs accounted for the largest expense, making up 46% of the total cost of Rs 143 crore in Q1 FY26. Employee benefit expenses stood at Rs 42 crore, while lending fees amounted to Rs 29 crore. MobiKwik’s financial guarantee, legal, advertising-marketing, finance, and other overheads took its total burn to Rs 313 crore in Q1 FY26. MobiKwik’s losses rose over six-fold to Rs 42 crore in Q1 FY26, compared to Rs 6.6 crore in the same quarter last year. For the fiscal year ended in March 2025, it reported a net loss of Rs 121.5 crore. Earlier this month, Mobikwik received approval from SEBI to operate as a stockbroker and clearing member through its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). At the end of Thursday's session, Mobikwik’s stock was trading at Rs 246.80 with a total market capitalization of Rs 1,929 crore or approximately $227 million.

Indkal eyes three times revenue growth this fiscal to Rs 1,150 crore with wearables foray

Economic Times

Economic Times · 1y ago

Indkal eyes three times revenue growth this fiscal to Rs 1,150 crore with wearables foray

Indkal, an electronics hardware design firm, aims to achieve over three-fold revenue growth this fiscal, reaching Rs 1,150 crore. The company plans to enter the smart wearables segment with its brand Wobble, expecting a revenue of Rs 250-300 crore. Indkal designs consumer electronic goods for companies like Acer and Black & Decker and gets them manufactured from electronic manufacturing services companies. It aims to address the reliability aspect of wearables products in India and offer high-quality and reasonably priced options.

With 5x growth in FY23 revenue, Matrix-backed FarMart eyes inorganic growth

Money Control

Money Control · 2y ago

With 5x growth in FY23 revenue, Matrix-backed FarMart eyes inorganic growth

Agritech startup FarMart, backed by Matrix Partners India, achieved significant growth, with five-fold revenue increase in FY23 compared to FY22, reaching Rs 1,060 crore in revenue. The company shifted from unsuccessful models to a successful SaaS-led B2B food supply platform, catering to over 15 states and 2,700 buyers across multiple countries.

Ather Energy eyes expansion in North, Northeast India

YourStory

YourStory · 24d ago

Ather Energy eyes expansion in North, Northeast India

Ather Energy plans to expand its network significantly in India, aiming to double its experience centres to 700 by FY26, focusing on northern and northeastern regions. The electric vehicle maker reported Q1 FY26 revenue growth of 78.8% to Rs 644.6 crore, with a 10.7% market share, and is transitioning to LFP batteries to improve margins. Non-vehicle segment revenue, like accessories and software, also contributed 12% of its earnings.

SaaS unicorn Darwinbox losses surge 2.4X to Rs 158 Cr in FY23

Entrackr

Entrackr · 1y ago

SaaS unicorn Darwinbox losses surge 2.4X to Rs 158 Cr in FY23

HR tech platform Darwinbox has experienced a two-fold growth in scale, thanks to a $72 million investment from TCV, Salesforce Ventures, Sequoia India, and Lightspeed. However, the company's losses outpaced its revenue growth, nearing Rs 160 crore during the last fiscal year. Darwinbox reported a 91.5% surge in revenue from operations, reaching Rs 224 crore in the fiscal year ending March 2023. The majority of its operating revenue came from the sale of subscription services, while employee benefits accounted for 55% of overall expenditure. Darwinbox's losses stood at Rs 158 crore in FY23.

Hocco Ice Cream eyes top spot in India with ₹100 crore funding

Inshorts · 3m ago

Hocco Ice Cream eyes top spot in India with ₹100 crore funding

Hocco Ice Cream, founded by Ankit Chona, has raised ₹100 crore to fuel its national expansion. With over 150 SKUs, a premium sub-brand, and plans to boost production and retail presence, Hocco aims for ₹400 crore revenue by FY26. Celebrity-backed and innovation-driven, it’s quickly emerging as a top contender in India’s growing ice cream market.

Astrotalk rides online astrology boom to double FY24 revenue to Rs 651 crore

Economic Times

Economic Times · 11m ago

Astrotalk rides online astrology boom to double FY24 revenue to Rs 651 crore

Astrology startup Astrotalk has experienced a significant surge in revenue, with its operating revenue for FY24 more than doubling to Rs 651 crore. The company also saw its net profit increase over ten-fold to Rs 94 crore in the same period. Astrotalk operates on a revenue-sharing model with over 10,000 active astrologers on its platform, serving customers domestically and internationally. The startup aims to continue expanding and plans to go public in 2026. It has raised $30 million in funding to date and is currently valued at $300 million.

China’s Huaqin Seeks JV With Bhagwati For India Entry

Inc42 · 1y ago

China’s Huaqin Seeks JV With Bhagwati For India Entry

Chinese ODM Huaqin is reportedly in advanced discussions with Indian OEM Bhagwati Products for a joint venture to enter the Indian market. The JV would allow Huaqin to establish its presence in India as an ODM and EMS player, while also benefiting Bhagwati Products by securing projects from Chinese smartphone brands such as Oppo, Vivo, and Realme. This comes after Huaqin's previous talks with Lava for a joint venture fell through due to investigation by the Enforcement Directorate in a money laundering case. The move is part of India's efforts to boost domestic manufacturing and reduce reliance on imports.

New-Age Tech Stocks Surge On Broader Market Bull Run, FirstCry Biggest Gainer This Week

Inc42 · 2m ago

New-Age Tech Stocks Surge On Broader Market Bull Run, FirstCry Biggest Gainer This Week

This week, new-age tech stocks in India experienced a surge amidst a broader market uptrend. Of the 33 monitored stocks, 20 showed gains between 0.21% and over 15%. FirstCry, focusing on kids' products, emerged as the top performer, rising 15.07%, enhancing its market value to $2.4 billion. Despite recent declines, this uptick highlights the vibrancy of India's capital market. With upcoming IPOs, market expectations for early FY26 remain promising.

UrbanVault starts two coworking centres in Gurugram; to invest Rs 100 crore in FY26 to expand biz - The Economic Times

Economic Times

Economic Times · 1m ago

UrbanVault starts two coworking centres in Gurugram; to invest Rs 100 crore in FY26 to expand biz - The Economic Times

UrbanVault has launched two coworking centers in Gurugram, spanning 35,000 square feet, and plans to invest over Rs 100 crore in FY26 to expand across India. These new centers, located on Golf Course Road, offer premium office spaces with seating for 700 and start at Rs 12,000 per seat. The company, which operates 2.5 million sq ft across multiple cities, anticipates reaching a revenue of over Rs 250 crore by FY26, driven by strong market demand.

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