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BluSmart's GMV jumps 77% in first half of FY25

VCCircle

VCCircle · 8m ago

BluSmart's GMV jumps 77% in first half of FY25

BluSmart, an EV-ride hailing platform, has reported a 77% hike in gross merchandise value (GMV) for the first half of fiscal year 2025 compared to the previous year, driven by strong customer growth in its premium services. The company's GMV reached INR 275 crore ($36.4 million) for H1 FY25, up from INR 155 crore ($20.6 million) in the same period a year ago. BluSmart attributes its growth to fleet and charging network expansion, highlighting the increasing demand for sustainable mobility solutions in India.

Related News

Nykaa in-house brands cross Rs 2,100 GMV in FY25 - The Economic Times

Economic Times

Economic Times · 4d ago

Nykaa in-house brands cross Rs 2,100 GMV in FY25 - The Economic Times

Nykaa’s House of Brands, encompassing seven beauty and five fashion lines, achieved a GMV of Rs 2,100 crore in FY25, marking a 52% CAGR over five years. The parent company, FSN E-Commerce, aims for a GMV target of Rs 6,000 crore by FY30. Beauty and fashion sales contributed 75.5% and the remainder, respectively, to Nykaa's overall GMV of Rs 15,604 crore. Notable growth was seen in products like Dot & Key.

Nykaa Jumps Over 6% On Expectation Of ‘High-Twenties’ Revenue Growth In Q4

Inc42 · 1y ago

Nykaa Jumps Over 6% On Expectation Of ‘High-Twenties’ Revenue Growth In Q4

Shares of Nykaa's parent company, FSN E-commerce, soared over 6% following the company's optimistic growth outlook for the January-March quarter. Nykaa expects a "high twenties" year-on-year revenue growth and a "mid-twenties" growth in gross merchandise value (GMV). The company attributes this growth to strong momentum in customer acquisition, platform conversion, and user-level growth. The beauty and personal care (BPC) category is expected to drive growth, with a projected GMV growth of around 30%. Additionally, Nykaa's fashion segment is expected to grow in the high twenties in terms of GMV. In Q3, Nykaa's consolidated net profit more than doubled, supported by the growth in the fashion business and margin expansion.

Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24

Inc42 · 1y ago

Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24

Trust Fintech, a Nagpur-based company offering SaaS products and fintech solutions, witnessed a significant increase in operating revenue, which rose by 55.4% to INR 35 Cr in FY24 compared to INR 22.5 Cr in FY23. However, the company experienced a decline in profit and revenue in the second half of FY24, in contrast to the first half of the year. Trust Fintech recently listed on NSE Emerge.

Bottomline: TPG-backed Grihum Housing's AUM tops $1 bn, asset quality worsens

VCCircle

VCCircle · 6m ago

Bottomline: TPG-backed Grihum Housing's AUM tops $1 bn, asset quality worsens

Grihum Housing Finance, backed by TPG, has achieved an assets under management (AUM) milestone of over $1 billion in the first half of the financial year starting April 2024. This growth positively influenced net profits for FY24 and the first half of FY25. However, there are concerns over the company's deteriorating asset quality, despite its financial advancements. The management, led by MD & CEO Manish Jaiswal, navigates these dual fronts of growth and challenges.

CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY

Entrackr

Entrackr · 11d ago

CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY

CarTrade released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Monday. The company reported a 22% year-on-year revenue growth compared to Q1 FY25, with profit doubling in the same time period. CarTrade’s revenue from operations grew 22% to Rs 173 crore in Q1 FY26 in contrast to Rs 142 crore in Q1 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The company’s total income for Q1 FY26 grew to Rs 199 crore, up from Rs 157 crore in Q1 FY25. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 38% of the total operating revenue which increased to Rs 66 crore in Q1 FY26 from Rs 51 crore in Q1 FY25. Income from the remarketing and classified segment stood at Rs 59 crore and Rs 48 crore, respectively, in the first quarter of the ongoing fiscal year. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 6% to Rs 75 crore during the period. Including other costs, CarTrade’s overall expenses increased 8% to Rs 142 crore in Q1 FY26 from Rs 23 crore during Q1 FY25. The decent growth and controlled spending enabled CarTrade to double its net profit to Rs 47 crore in Q1 FY26, compared to Rs 23 crore in Q1 FY25. CarTrade’s share price is trading at Rs 1,871 (as of 10:56 AM) with a total market capitalization of Rs 8,886 crore ($1.03 billion).

Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X

Entrackr

Entrackr · 6m ago

Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X

Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X Info Edge, the parent company of Naukri and 99acres, released its unaudited financial results for Q3 FY25. According to the company’s update sourced from the National Stock Exchange (NSE), revenue from operations grew by 15.2% to Rs 722 crore in Q3 FY25 from Rs 627 crore in Q3 FY24. The company recorded Rs 2,100 crore in revenue during the first nine months of FY25, with profits reaching Rs 632 crore. Info Edge derives the majority of its revenue—73%—from Naukri.com, which contributed Rs 527 crore in Q3 FY25, marking a 12.3% year-on-year growth compared to Q3 FY24. Meanwhile, revenue from 99 acres reached Rs 104 crore, while the Jeevansathi and Shiksha segments collectively generated Rs 91 crore during the same quarter. The company added another Rs 187 crore from interest on deposits and investments, which pushed its overall revenue to Rs 9,094 crore in Q3 FY25, compared to Rs 660 crore in Q3 FY24. Info Edge spent 62.6% of its overall expenditure on employee benefits, which increased by a modest 9.7% year-on-year to Rs 305 crore in Q3 FY25. Its advertising and internet costs stood at Rs 82 crore and 20 crore, respectively. The company’s overall cost grew 7% YoY to Rs 487 crore in Q3 FY25 from Rs 455 crore in Q3 FY24. The steady growth and surge in other income with controlled expenditure led its profits to increase by 142% to Rs 288 crore in Q3 FY25, compared to Rs 119 crore in Q3 FY24. On a unit level, it spent Rs 0.67 to earn a rupee in Q3 FY25. As of 4:40 PM, Info Edge is trading at Rs 7,910, reflecting a Rs 203.1 increase following today's results. Its total market capitalization value improved to Rs 1,02,501 crore ($12.2 billion).

SoftBank-backed Meesho losses halved to Rs 1,675 cr in FY23, revenue grew 77% to Rs 5,735 cr

Money Control

Money Control · 1y ago

SoftBank-backed Meesho losses halved to Rs 1,675 cr in FY23, revenue grew 77% to Rs 5,735 cr

E-commerce platform Meesho reported a revenue growth of 77% from Rs 3,232 crore in FY22 to Rs 5,735 crore in FY23. The company's losses also reduced by 49% to Rs 1,675 crore in FY23. Meesho attributed the growth to increased transactions by existing customers and successful monetization efforts. Cost-cutting measures, including lower customer acquisition costs and reduced spend on server infrastructure, contributed to the reduction in losses. Meesho's revenue in the first half of FY24 stood at Rs 3,521 crore, with losses of Rs 141 crore.

Go Digit General Insurance profit jumps 2.2X during Q4 FY25

Entrackr

Entrackr · 3m ago

Go Digit General Insurance profit jumps 2.2X during Q4 FY25

Go Digit General Insurance has reported steady financial performance quarter-on-quarter, as the company’s gross written premium (GWP) increased by 10% in the quarter ending March 2025. At the same time, its profit doubled during the same quarter (Q4 FY25). Go Digit’s GWP rose to Rs 2,576 crore in Q4 FY25, compared to Rs 2,335 crore in Q4 FY24, according to its financial report sourced from the National Stock Exchange. For the full fiscal year, the Bengaluru-based firm crossed the Rs 10,000 crore milestone in GWP for the first time, growing 14% to Rs 10,282 crore in the fiscal year ending March 2025.

Startup funding jumps 77% to $144 million this week

Economic Times

Economic Times · 1y ago

Startup funding jumps 77% to $144 million this week

In the third week of February 2024, startup funding surged by 77% compared to the same week the previous year, reaching a total of $143.6 million across 21 deals. The majority of the funding was in the early-stage category, accounting for approximately 76% of the total. Some notable funding rounds included Captain Fresh securing $25 million, Astrotalk raising $20 million, Amber receiving $21 million, Supertails raising $15 million, and MetalBook securing $15 million.

BluSmart plans premium fleet after sales of Rs 376 cr in FY24

The Arc Web

The Arc Web · 8m ago

BluSmart plans premium fleet after sales of Rs 376 cr in FY24

BluSmart, an all-electric ride-hailing company, reported gross revenues of Rs 376 crore in FY24, a significant increase of 135% from the previous year. The company expects further growth with projected revenues of Rs 720 crore in FY25, driven by fleet expansion and expansion into new cities. BluSmart's average gross fare per ride was Rs 468 in FY24 and is expected to rise by 20% to Rs 561 in FY25 and reach Rs 789 by 2027. The company currently operates a fleet of 8,000 electric cabs and plans to raise funds to launch operations in Mumbai and other markets and introduce a premium fleet.

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