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Bootstrapped Collegedunia hits Rs 200 Cr revenue, eyes 3X growth and IPO in 5 years

EntrackrEntrackr · 10m ago
Bootstrapped Collegedunia hits Rs 200 Cr revenue, eyes 3X growth and IPO in 5 years
Medial

Bootstrapped Collegedunia hits Rs 200 Cr revenue, eyes 3X growth and IPO in 5 years College search platform Collegedunia surpassed the Rs 200 crore revenue mark in 2024. The Gurugram-based company’s growth has been guided by strong collaborations with educational institutions and a focus on delivering useful resources and guidance to students. Over the years, Collegedunia has teamed up with institutions like LPU, IILM, Amity, ICFAI, Parul, and Bennett University offering students access to crucial information and career counseling. After crossing the Rs 200 crore revenue mark, Collegedunia is aiming to triple its revenue over the next five years, with a focus on global expansion, the company’s chief executive Sahil Chalana told Entrackr. "We also have plans to go public upon reaching Rs 600 crore in revenue,” he said. As per startup data intelligence platform TheKredible, Collegedunia reported Rs 192.23 crore in operating revenue in FY24. The company also turned profitable in FY24, with profits nearing Rs 5 crore. For the uninitiated, Collegedunia is a bootstrapped startup founded in 2014. The group also includes 3.14, KickCash, and Prepp, which together offer services aimed at growth in ed-tech and digital marketing. 3.14, a performance-driven ad tech platform, supports brands in enhancing their marketing through data insights and currently counts Amazon, Flipkart, PhonePe, GoJek, and Walmart among its key clients. Prepp, a platform designed to help government exam aspirants in India, has experienced significant growth. Over the past year, Prepp has gained traction among students preparing for exams like UPSC, SSC, and various state-level exams. On the other hand, KickCash is a user acquisition app that rewards users for playing mobile games. It uses AI to suggest games, helping increase user engagement. As mobile gaming grows, KickCash is becoming a key player in rewarded gaming in India. “To reach its Rs 600 crore revenue goal by 2029, the company is focusing on three key areas: expanding operations, advancing technology, and diversifying into new markets,” pointed out Chalana. While large cities have been the primary focus, there is a growing demand for structured education guidance in smaller towns. Collegedunia now aims to reach the tier II and tier III markets by offering content and services designed for them. Meanwhile, the company is working to help international students navigate college admissions and career opportunities globally. Launched in 2021, Collegedunia’s Study Abroad vertical has grown over 120% YoY. Initially focused on major destinations like the USA, UK, and Canada, it now covers more European countries. In 2024–25, it opened centres in Hyderabad, Delhi, Thane, Srinagar, and Kolkata, with more on the way. As per the company, Collegedunia is expanding beyond college search to offer career advice, skill-building, and global education support.

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Zolostays hits Rs 200 Cr revenue in FY24, trims losses

EntrackrEntrackr · 1y ago
Zolostays hits Rs 200 Cr revenue in FY24, trims losses
Medial

Zolostays hits Rs 200 Cr revenue in FY24, trims losses Co-living company Zolostays has achieved a fivefold increase in growth over the last two fiscal years, expanding its revenue from Rs 43 crore in FY22 to more than Rs 200 crore in FY24. Despite this growth, the Nexus Ventures-backed firm maintained control over its losses during this period. Zolostays’ revenue from operations doubled to Rs 204.4 crore in FY24 from Rs 95.5 crore in FY23, as per its consolidated financial statement sourced from the Registrar of Companies (RoC). Zolostays provides co-living spaces to students, professionals, and organizations. Income from residential accommodations and facilities, including service fees and accommodation charges, accounted for 93% of the total operating revenue. This income grew 3.4x to Rs 191 crore in FY24 from Rs 55 crore in FY23. Zolostays also offers services to colleges and universities for managing residential facilities, along with food subscriptions and other amenities. Revenue from this segment dropped 72% to Rs 10.4 crore in FY24. The firm earned Rs 4.6 crore in interest income, bringing its total income to Rs 209 crore in FY24. On the cost front, property management and operational expenses were the largest component, accounting for 52% of total costs. These expenses, which include food, rent, electricity, housekeeping, and consumables, increased 2.3X to Rs 139 crore in FY24 from Rs 60.5 crore in FY23. Its employee benefit expenses increased by 16% to Rs 83 crore in FY24. Legal, advertising, communication, commission, and other overheads took the total cost up by 58% to Rs 266 crore in FY24 from Rs 168 crore in FY23. Zolostays' two-fold growth and controlled expenses led to a 17.4% reduction in losses, down to Rs 57 crore in FY24 from Rs 69 crore in FY23. Its ROCE and EBITDA margin stood at -89.96% and -16.75%, respectively, with an expense-to-revenue ratio of Rs 1.30. In FY24, the Bengaluru-based firm reported current assets of Rs 76 crore, including Rs 34 crore in cash and bank balances. Zolo has raised a total of $118 million of funding to date. According to the startup data intelligence platform TheKredible, Nexus Ventures is the largest external stakeholder with 34% followed by Investcrop and Mirae Asset.

AstroTalk’s e-commerce vertical posts Rs 140 Cr revenue in 2025, hits Rs 200 Cr ARR

EntrackrEntrackr · 24d ago
AstroTalk’s e-commerce vertical posts Rs 140 Cr revenue in 2025, hits Rs 200 Cr ARR
Medial

AstroTalk’s e-commerce vertical posts Rs 140 Cr revenue in 2025, hits Rs 200 Cr ARR AstroTalk, an online astrology platform, has rapidly scaled its e-commerce vertical, AstroTalk Store, which generated over Rs 140 crore in revenue in 2025, according to a company statement. The Store, launched in November 2024, claims it is currently operating at an annualised run rate (ARR) of more than Rs 200 crore. According to the statement, AstroTalk Store was initially incubated with an internal investment of Rs 30 lakh to test the viability of a trust-led spiritual products business. Following early demand visibility and repeat purchases, AstroTalk infused an additional Rs 40 crore to scale inventory, strengthen supply chains, and expand product categories. During FY25, the Store processed over 1.6 million orders. At present, AstroTalk Store offers more than 300 SKUs across categories such as rudrakshas, gemstones, bracelets, idols, and ritual essentials. “The spiritual and astrology-led products market in India has always been large but extremely fragmented. Consumers were either buying from local vendors with no standardisation or from small online sellers where authenticity was questionable,” Puneet Gupta, founder and CEO of AstroTalk, said in the statement. The company plans to expand its catalogue with 500 additional products by FY27. The platform currently reports a 24% repeat rate, while nearly 50% of its future sales are expected to come from Tier II and Tier III markets. Looking ahead, AstroTalk is targeting Rs 400–500 crore in annual recurring revenue by FY27 for its e-commerce vertical. In FY25, AstroTalk’s overall revenue rose to Rs 1,176 crore from Rs 651 crore in FY24. The company is also in mid-stage talks to raise $50–100 million at a unicorn valuation, a development earlier exclusively reported by Entrackr. AstroTalk will also begin preparations to initiate its IPO process in the coming months.

Eggoz hits Rs 130 Cr revenue in FY25; cuts losses

EntrackrEntrackr · 27d ago
Eggoz hits Rs 130 Cr revenue in FY25; cuts losses
Medial

Eggoz’s revenue from operations rose 78% year-on-year to Rs 130 crore in FY25 from Rs 73 crore in FY24, according to its standalone financial statements sourced from the Registrar of Companies (RoC). Founded in 2017 in Bihar by Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz operates an asset-light, farmer-led supply chain model that enables fresh eggs to reach retailers within 24 hours. Over the years, the company has expanded its presence across key markets, including Delhi-NCR, Bengaluru, Kolkata, Jaipur, and Lucknow. The sale of eggs remained the sole contributor to Eggoz’s operating revenue in FY25. That said, the company has recently expanded beyond shell eggs by foraying into the ready-to-cook segment with offerings such as momos, burger patties, and nuggets. On the expense side, procurement of eggs continued to be the largest cost centre, accounting for nearly 67% of total expenditure. Procurement costs increased to Rs 103 crore in FY25, largely in line with the company’s revenue growth. Employee benefit expenses rose to Rs 20 crore during the year, including Rs 3 crore towards ESOP-related costs. Freight, advertising, rent, and other overheads pushed Eggoz’s total expenditure to Rs 154 crore in FY25, up from Rs 100 crore in the previous fiscal. Despite higher operating expenses, improved scale helped Eggoz reduce its net losses by 8% to Rs 23 crore in FY25 from Rs 25 crore in FY24. The company also reported improvements in EBITDA, return on capital employed (ROCE), and its expense-to-revenue multiple during the year. According to the company, Eggoz reached a peak brand annual revenue run rate (ARR) of Rs 200 crore and achieved EBITDA breakeven in Q4 FY25, driven by strong consumer demand and expanded distribution. Eggoz has raised over $32 million in funding to date. This includes a $20 million round led by Gaja Capital. Prior to this, the company raised $8.8 million in a Series B round led by IvyCap Ventures, $3.5 million in Series A funding, and Rs 3.7 crore during its seed stage.

Motilal Oswal pumps Rs 200 Cr into Lahori

EntrackrEntrackr · 9m ago
Motilal Oswal pumps Rs 200 Cr into Lahori
Medial

Beverage brand Lahori is raising Rs 200 crore (approximately $23 million) from Motilal Oswal. The funding came after a hiatus of three years for the Punjab-based company. The board at Lahori has passed a resolution to issue 4,997 Series B preference shares at an issue price of Rs 4,00,252 each to raise Rs 200 crore or $23 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. The investment will be used for the growth and expansion of the business, the filing further added. According to Entrackr’s estimates, the company is valued at around Rs 2,800 crore or $329 million post-allotment. The company is reportedly in the process of raising Rs 450 crore in a new round. Following the latest fundraise, Motilal Oswal has acquired a 7.14% stake in the company. Existing investor Verlinvest’s shareholding has been reduced from 21.17% to 19.64%, while Lahori’s founder stake has been diluted from 76.21% to 70.76%. Lahori Zeera has emerged as one of India’s fastest-growing independent beverage companies over the past decade. The brand offers a range of traditional Indian beverage products, including Lahori Zeera, Lahori Nimboo, and Lahori Shikanji. Lahori is yet to file its annual results for FY25. During the fiscal year ended March 2024, its revenue from operations grew 47% year-on-year to Rs 312 crore. Notably, the profits of the company spiked 3X to Rs 22.5 crore in the same period. According to its CEO, Saurabh Munjal, Lahori had a target of Rs 500 crore revenue in FY25.

Healthkart’s revenue nears Rs 1,400 Cr in FY25; profit triples

EntrackrEntrackr · 2m ago
Healthkart’s revenue nears Rs 1,400 Cr in FY25; profit triples
Medial

Healthkart’s revenue nears Rs 1,400 Cr in FY25; profit triples HealthKart, a nutrition and supplement e-commerce platform, recorded a 3X year-on-year jump in profit after turning profitable in FY24. The Gurugram-based company’s sharp profit growth was steered by strong sales momentum and a controlled cost structure. Healthkart’s operating revenue grew 29% to Rs 1,313 crore in FY25 from Rs 1,021 crore in FY24, according to its consolidated financial statement sourced from the Registrar of Companies (RoC). HealthKart owns and manufactures eight nutritional brands including popular supplement brands like MuscleBlaze, The Protein Zone, TrueBasics, HKVitals, bGreen, Nouriza, and Gritzo. Sales of products formed 97% of total revenue which rose by 29% to Rs 1,277 crore in FY25. Collections from services also increased by 16% to Rs 36 crore. Notably, non-operating revenue increased to Rs 55 crore in the last fiscal year from Rs 48 crore in FY24. The cost of materials accounted for the largest share of the company’s expenditure at 49%. To the tune of scale, this cost rose 26% to Rs 623 crore in FY25 from Rs 495 crore in FY25. Advertising spend saw a sharper rise of 39% to Rs 263 crore, while commission expenses increased 22% to Rs 82 crore. In contrast, employee benefit costs declined 5% to Rs 115 crore. Overall, Healthkart managed to keep its cost growth below revenue expansion. Its total expenses rose 23% to Rs 1,273 crore in FY25 from Rs 1,032 crore in FY24. The company’s profit surged over 3X to Rs 120 crore in FY25, while its ROCE and EBITDA margin improved to 5.45% and 6.02%, respectively. On a unit basis, Healthkart spent Re 0.97 to earn a rupee of operating revenue in FY25, compared to Rs 1.01 in FY24. As of FY25, its current assets stood at Rs 971 crore including Rs 73 crore in cash and bank balances. According to startup data intelligence platform TheKredible, Healthkart has raised a total of $382 million of funding till date, having Peak XV Partners, Temasek and Sofina as its lead investors. The company’s founder and CEO, Sameer Maheshwari owns 12% of the company.

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