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Bhanzu reports 3.7X growth in FY25; losses trims 42%

EntrackrEntrackr · 18h ago
Bhanzu reports 3.7X growth in FY25; losses trims 42%
Medial

Bhanzu reports 3.7X growth in FY25; losses trims 42% Bhanzu posted strong growth in the fiscal year ended March 2025, as its operating revenue jumped nearly fourfold. Despite the sharp rise in scale, the company kept expenses stable, which helped its losses reduce by 42% during the period. Hyderabad-based Bhanzu’s revenue from operations jumped over 3.7X year-on-year to Rs 109.5 crore in FY25 from Rs 29.4 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2020, Bhanzu provides experiential math learning courses that enable cognitive abilities among children aged between 5 to 16 years. According to its website, the company has trained over 50,000 students through its bouquet of courses. The sale of these courses was the sole source of its operating revenue in FY25. The company also has a presence in the US, the UK, and the Middle East. According to the filing, international markets contributed over 69% of total revenue at Rs 75.7 crore, a 4.3X jump compared to FY24. Meanwhile, the Indian market contribution stood at Rs 33.9 crore, with nearly 3X year-on-year growth. For the edtech firm, employee benefits formed the largest cost head, with 50% share of total expenditure. This cost fell 17% to Rs 96.3 crore in FY25 from Rs 115.4 crore in FY24. The decline came largely due to lower ESOP cost (non-cash), which dropped to Rs 11.7 crore from Rs 25.8 crore in the previous fiscal. The Lightspeed-backed company also spent heavily on sales and marketing expenses, which formed over 20% of the total expenditure. This cost rose 46% year-on-year to Rs 40.8 crore in the last fiscal year. Training and recruitment expenses also surged 2.4X to Rs 28.6 crore. IT expenses, legal and professional fees, rent, and other overheads added Rs 27.9 crore to the overall expenditure. As a result, total expenses rose 11% to Rs 193.6 crore in FY25, compared to Rs 174.4 crore in FY24. In the end, the 3.7X growth led the company to cut its losses by 42% to Rs 79 crore in FY25, compared to Rs 135.5 crore in FY24. Its EBITDA margin improved to -75.8%, while EBITDA (loss) stood at Rs 83 crore in the previous fiscal. At the unit level, Bhanzu spent Rs 1.77 to earn every rupee of operating revenue in FY25. As of March 2025, the firm reported current assets of Rs 179.5 crore, including cash and bank balances of Rs 167.5 crore. The strong cash position followed the $16.5 million Series B round led by Epiq Capital during the financial year.

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LeadSquared trims losses by 45% in FY25; growth remains modest

EntrackrEntrackr · 4m ago
LeadSquared trims losses by 45% in FY25; growth remains modest
Medial

LeadSquared trims losses by 45% in FY25; growth remains modest LeadSquared reported a significant reduction in losses for the fiscal year ending March 2025. However, the company’s growth remained modest, with a 17% year-on-year increase. LeadSquared, a customer relationship management (CRM) software provider for sales automation and marketing, reported a significant reduction in losses for the fiscal year ending March 2025. However, the company’s growth remained modest, with a 17% year-on-year increase. The company’s revenue from operations rose to Rs 326 crore in FY25 from Rs 279 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). For context, the Bengaluru-based firm had reported 9% year-on-year growth in revenue during FY24. LeadSquared operates as a software as a Service (SaaS) platform, delivering comprehensive solutions for sales, marketing, and onboarding automation. The company also recorded Rs 40 crore as other income, taking its total income to Rs 366 crore in FY25 from Rs 325 crore in FY24. Employee benefit expenses, which form 61.5% of its total expenditure, fell 8.5% to Rs 280 crore in FY25 from Rs 306 crore in FY24. Data centre costs rose slightly by 6.5% to Rs 82 crore, while advertising and promotional expenses increased 38.5% to Rs 18 crore during the year. Overall, the company managed to reduce its total expenses by 6.4% to Rs 455 crore in FY25 from Rs 486 crore in FY24. With increased scale and cut in expenses, the company reduced its losses by 45% to Rs 89 crore in FY25 from Rs 162 crore in FY24. Its ROCE and EBITDA margin stood at -24.18% and -34.05%, respectively. On a unit level, LeadSquared spent Rs 1.40 to earn a rupee of operating revenue during FY25, compared to Rs 1.74 in FY24. LeadSquared’s cash and bank balances stood at Rs 362 crore in FY25, down from Rs 423 crore a year earlier, while its current assets stood at Rs 565 crore. According to TheKredible, LeadSquared has raised a total of $205 million of funding till date, having WestBridge Capital and Gaja Capital as its lead investors.

Walmart India trims losses to Rs 110 Cr in FY25 amid muted revenue growth

EntrackrEntrackr · 5m ago
Walmart India trims losses to Rs 110 Cr in FY25 amid muted revenue growth
Medial

Walmart India trims losses to Rs 110 Cr in FY25 amid muted revenue growth Walmart India, the wholesale and retail arm of the global retail giant, managed to reduce its losses in FY25 even as revenue growth remained subdued. Walmart India’s operating revenue grew by a modest 2.6% to Rs 5,331 crore in FY25, as compared to Rs 5,195 crore in FY24, as per its financial statement sourced from Tofler. Walmart makes money via wholesale trading, with significant contributions from both food and non-food products; sales of these products accounted for 99% of the total operating revenue. The company made Rs 43 crore from other income, comprising gains from financial instruments and interest on bank deposits, which pushed its total revenue to Rs 5,374 crore in FY25 from Rs 5,200 crore in FY24. On the expenditure front, the cost of materials, which formed nearly 90% of overall expenses, increased 3% to Rs 4,924 crore in FY25 from Rs 4,791 crore in FY24. Employee benefit expenses declined by 10% to Rs 139 crore, while finance costs fell 17% to Rs 57 crore. Transportation and collection charges saw a small increase to Rs 94 crore and Rs 44 crore, respectively. Overall, total expenses rose marginally by 2.4% to Rs 5,484 crore in FY25 from Rs 5,355 crore in FY24. Walmart India succeeded in narrowing its loss by 29% to Rs 110 crore in FY25 from Rs 154 crore in FY24. Its ROCE and EBITDA margin stood at -8.85% and -0.35% respectively. On a unit level, Walmart India spent Rs 1.03 to earn a rupee of revenue in FY25. The company had current assets worth Rs 765 crore, including Rs 59 crore in cash and bank balances during the same period. Flipkart Internet, the B2C arm of Flipkart, which is owned by Walmart, reported a 14% year-on-year increase in revenue for FY25, exceeding Rs 20,000 crore. During the same period, the company successfully reduced its losses by 37%, bringing them down to Rs 1,494 crore. Walmart India faces competition from organized retail and wholesale players, including Reliance Retail and Metro Cash & Carry.

Acko posts Rs 2,837 Cr revenue in FY25, trims losses by 37%

EntrackrEntrackr · 3m ago
Acko posts Rs 2,837 Cr revenue in FY25, trims losses by 37%
Medial

Acko posts Rs 2,837 Cr revenue in FY25, trims losses by 37% Following a 20% year-on-year rise in FY24, insurtech platform Acko sustained its momentum with 35% revenue growth in FY25. At the same time, the company also cut its losses by 37% during the same period. Acko’s revenue from operations surged to Rs 2,837 crore in FY25, compared to Rs 2,106 crore in FY24, according to its consolidated annual figures accessed from the Registrar of Companies (RoC). For the digital insurance provider, income from gross premium earned made up 73.5% of its total income, rising 31% to Rs 2,085 crore during the last fiscal year. Service contracts, recoveries from reinsurers, commissions, interest income from investments, and other miscellaneous income pushed total revenue to Rs 2,887 crore in FY25, up from Rs 2,160 crore in FY24. In terms of cost breakdown, employee benefit expenses declined slightly by 6% to Rs 334 crore in FY25 from Rs 355 crore in FY24, accounting for 10% of the company’s total costs. The firm also cut its advertising spend by 12% to Rs 497 crore, while commissions paid to sole selling agents rose 35% to Rs 283 crore during the previous fiscal. A large portion of the company’s expenses was grouped under miscellaneous costs, primarily comprising claims paid, premium on reinsurance ceded, and other office and administrative expenses. This category amounted to Rs 2,006 crore in FY25. Overall, the total expenses for the Accel-backed company rose 17% to Rs 3,312 crore in FY25, compared to Rs 2,830 crore in FY24. Stronger top-line and tighter cost control helped Acko to reduce its losses by 37% to Rs 424 crore in FY25. Its ROCE and EBITDA margin improved to -30.5% and -16%, respectively. On a unit basis, Acko spent Rs 1.17 to earn a rupee in FY25. The company’s current assets stood at Rs 1,798 crore, including Rs 28 crore in cash and bank balance at the end of FY25. According to TheKredible, Acko has raised over $458 million to date. General Atlantic is the largest external shareholder with a 10.7% stake, followed by Accel Partners and Elevation Capital. Acko’s competitor Digit Insurance reported Rs 2,088 crore operating revenue in Q2 FY26, while its profit after tax increased by 30% to Rs 116.5 crore during the same period.

Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses

EntrackrEntrackr · 7m ago
Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses
Medial

Tata 1mg, the digital healthcare platform backed by Tata Digital, continued its growth trajectory in the fiscal year ending March 2025 while straining its losses. Tata 1mg’s consolidated revenue rose 22% to Rs 2,392 crore in FY25 from Rs 1,968 crore in FY24, according to Tata Sons’ Annual Report for the fiscal year. Tata 1mg is a health tech startup for online orders of allopathic, ayurvedic, homeopathic medicines, vitamins, nutrition supplements, and other health products, delivered to the home. 1mg’s revenue was split across two entities: Tata 1mg Technologies, which clocked Rs 2,016.5 crore, and Tata 1mg Healthcare Solutions, which contributed Rs 375.5 crore in FY25. The company's total cost rose by 17% to Rs 2682 crore in FY25, up from Rs 2303 crore in FY24. The Gurugram-based company posted a consolidated loss of Rs 276 crore in FY25, 12% lower than the Rs 313 crore loss reported in FY24. On a unit basis, the company spent Rs 1.12 to earn a rupee of operating revenue in FY25. On the asset side, Tata 1mg reported total assets of Rs 2,025 crore at the end of FY25 while its total liabilities reached Rs 1,190 crore. In the e-health space, Tata 1mg competes with Reliance-backed Netmeds, PharmEasy, and Apollo 24/7. Tata Digital acquired a 55% stake in 1mg in June 2021 but has since gained around 8.5% additional stake in the e-medicine platform. According to TheKredible, Tata Digital currently holds a 63.5% stake in 1mg, which was last valued at 1.25 billion. Tata Digital reported a standalone revenue of Rs 546.9 crore and a loss of Rs 827.5 crore in FY25, indicating continued investment in its digital commerce bets including 1mg and other verticals such as BigBasket, Cult.fit, and the recently launched Tata Neu.

FIITJEE-backed PlanetSpark trims losses by 70% in FY24

EntrackrEntrackr · 1y ago
FIITJEE-backed PlanetSpark trims losses by 70% in FY24
Medial

FIITJEE-backed PlanetSpark trims losses by 70% in FY24 PlanetSpark’s revenue from operations grew 60% to Rs 67 crore in FY24 from Rs 42 crore in FY23, its annual financial statements sourced from the Registrar of Companies show. Edtech platform PlanetSpark secured $17 million in funding, led by Prime Venture Partners by the close of FY24. This major investment follows the company's steady growth and reduced losses in the fiscal year ending March 2024. PlanetSpark offers live 1:1 classes in public speaking, creative writing, storytelling, debate, podcasting, stand-up comedy, and poetry for the K8 generation. Income from rendering education services formed 96% of the total operating income which increased 54% to Rs 64.5 crore in FY24. The rest of the income comes from the platform and cancellation fees. It also added Rs 1.13 crore from interest and liability written back which tallied its overall revenue to Rs 68.4 crore in FY24, compared to Rs 43.5 crore in FY23. Similar to other edtech companies, its employee benefits accounted for 50% of the overall expenditure. The company managed to curb these costs by 25% to Rs 47 crore in FY24 from Rs 63 crore in FY23. This includes Rs 3.5 crore as ESOP cost (non-cash). The teacher's salary and marketing cum branding costs were controlled by 59% and 38% to Rs 11 crore and Rs 18 crore respectively in FY24 from Rs 27 crore and Rs 29 crore in FY23. Its legal, traveling, communication, and server pushed the total expenditure to Rs 95 crore in FY24 from Rs 133 crore in FY23. The reduction in employee benefits, teacher's salary, and marketing along with the 60% growth in scale helped PlanetSpark to reduce its losses by 70% to Rs 26.6 crore in FY24, compared to Rs 89.5 crore in FY23. Its EBITDA margin improved to -35% while its expense-to-revenue ratio refined to Rs 1.42. At the end of FY24, the company has current assets of Rs 13.5 crore including cash and bank balances of Rs 7 crore. PlanetSpark has raised over Rs 260 crore including debt-equity rounds and is currently valued at Rs 620 crore. According to the startup data intelligence platform TheKredible, Prime Venture Partners (Seabright) is the largest external stakeholder followed by FIITJEE.

Licious reports Rs 795 Cr revenue in FY25; cuts EBITDA losses by 45%

EntrackrEntrackr · 4m ago
Licious reports Rs 795 Cr revenue in FY25; cuts EBITDA losses by 45%
Medial

Licious reports Rs 795 Cr revenue in FY25; cuts EBITDA losses by 45% Kunal Manchanada 18 Oct 2025 20:34 IST Direct to consumer (D2C) meat and seafood brand Licious recorded a 16% year-on-year growth in its operating scale during the fiscal year ending March 2025. According to the company’s press release, its revenue grew to Rs 795 crore in the last fiscal year. The Bengaluru-based firm also claimed to narrow EBITDA losses by 45%. For context, Licious saw a 9% revenue decline in the last fiscal year (FY24) due to an operational reset, but the last fiscal year (FY25) indicated a recovery led by its omnichannel approach. While Entrackr will analyze the company’s detailed financials once it files its annual statement with the RoC, Licious said it reduced EBITDA losses by 45% to Rs 163 crore in FY25 from Rs 296 crore in FY24. The company credited this improvement to cost control measures and better contribution margins across business lines. Licious claims to serve over 1.2 million monthly customers across 20 cities, with online sales contributing more than 85% of overall revenue. Offline expansion also gathered pace, with the brand crossing 50 retail outlets, including the My Chicken and More chain it acquired in February FY25. Licious plans to scale its retail footprint to 80–100 stores by FY26. Meanwhile, the company’s H1 FY26 revenue rose 42% year-on-year to Rs 530 crore, according to the release. Its quick delivery service, Licious Flash, now serves 60% of its online customers. To date, the Temasek-backed firm has raised over $450 million. According to TheKredible, Mayfield India holds the largest stake in Licious at 14.69%, followed by Vertex Ventures, 3one4 Capital, and others. It competes with FreshToHome, Zappfresh, BBDaily, MeatRoot, and Easymeat.

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