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Captain Fresh turns profitable in FY25; GMV jumps 2.5X

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Captain Fresh turns profitable in FY25; GMV jumps 2.5X
Medial

Captain Fresh, a seafood and animal protein supply chain startup, has posted a profit within five years of operations and has become one of the fastest-growing startups in its space. The Bengaluru-based firm has also posted over 2X scale in FY25, backed by strong growth in international markets, particularly the United States. The companyโ€™s gross revenue (GMV) surged 2.5X to Rs 3,421 crore in FY25 from Rs 1,395 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2020, Captain Fresh operates as a tech-driven, vertically integrated platform that controls the entire seafood value chain from procurement to distribution without owning capital-intensive assets. Captain Fresh generates a major share of its revenue from export markets. The USA contributed over 71% to the operating revenue, growing more than 5.6X to Rs 2,416 crore in FY25 from Rs 362 crore in FY24. Indiaโ€™s contribution, however, declined by 49% to Rs 340 crore, while new markets like Poland (Rs 239 crore) and France (Rs 181 crore) also made significant contributions. Other key geographies included Italy (Rs 50 crore), the UAE (Rs 48 crore), and Spain (Rs 31 crore). The surge in gross revenue stems largely from its acquisition spree. Captain Fresh picked up CenSea in February 2024 and added Ocean Garden to its portfolio this February. Overall, the company has a total of 10 subsidiaries and a joint venture across the United States, Norway, France, Spain, Indonesia, Poland, and the Netherlands. The companyโ€™s largest expense, cost of materials, accounted for over 82% of total expenditure, which increased 2X to Rs 2,846 crore in FY25 from Rs 1,311 crore in FY24. Employee benefit expenses more than doubled to Rs 195 crore, while freight and forwarding charges shot up 2.7X to Rs 102 crore. Finance costs grew sharply to Rs 94 crore in FY25. Legal and professional fees remained largely flat at Rs 44 crore, and other expenses stood at Rs 173 crore. Overall, in the line of scale, Captain Freshโ€™s total costs doubled to Rs 3,454 crore in FY25 from Rs 1,648 crore a year earlier. With over 2X revenue surge, the company turned profitable and posted a net profit of Rs 42 crore against a loss of Rs 229 crore in FY24 (It's worth noting that Rs 68 crore were credited in terms of deferred tax, which helped the company to be in green). The companyโ€™s ROCE and EBITDA margin stood at 4.05% and 2.12% respectively. On a unit level, Captain Fresh spent Re 1.01 to earn a rupee of operating revenue, improving from Rs 1.18 in FY24. The firmโ€™s current assets were valued at Rs 1,858 crore, while capital employed rose to Rs 1,358 crore. The company maintained cash and bank balances of Rs 88 crore at the end of FY25. According to the startup data intelligence platform TheKredible, Captain Fresh has raised over $200 million to date, including a $30 million pre-IPO round in January this year from Prosus, Accel, Tiger Global, and others. Matrix Partners, Accel, Tiger Global, Ankur Capital, and Prosus are some notable investors for Captain Fresh. Captain Fresh is set to raise Rs 1,700 crore (about $200 million) through a fresh issue of shares as part of its upcoming initial public offering (IPO). The Tiger Global-backed company is reportedly eyeing a total issue size of $350-400 million, including an offer for sale (OFS).

PaisaWapas revenue nears Rs 70 Cr in FY24, remains profitable

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PaisaWapas revenue nears Rs 70 Cr in FY24, remains profitable
Medial

Fintrackr All Stories PaisaWapas revenue nears Rs 70 Cr in FY24, remains profitable Cashback and coupons app PaisaWapas has managed steady growth as its revenue from operations grew 24% year-on-year for the fiscal year ending March 2024. Moreover, the Bengaluru-based company also increased its profit by around 17% during the same period. PaisaWapasโ€™ revenue from operations grew by 24% to Rs 68.7 crore in FY24 from Rs 55.5 crore in FY23, its financial statements sourced from the Registrar of Companies (RoC) show. PaisaWapas operates as a cashback and deals platform, linking shoppers with e-commerce partners. It generates revenue through affiliate commissions, sharing a portion as cashback with users, and also earns from promotions and s. Revenue from these services surged 25.8% to Rs 66.7 crore in FY24, contributing 97% of the operating revenue in FY24. However, revenue from the sale of goods increased marginally by 35.4% to Rs 1.53 crore. The company also generated Rs 30 lakh from other income sources, pushing its total income to Rs 69 crore in the last fiscal year. Cashback to users remained the largest expense category, decreasing 14.6% to Rs 19.5 crore. Meanwhile, payouts to users increased 2.2X to Rs 15.5 crore. Advertising costs rose 95.1% to Rs 16 crore, indicating a focus on customer acquisition and engagement. Employee benefit expenses grew 41.1% to Rs 5.22 crore. Overall, total expenses increased 25% to Rs 64.4 crore, up from Rs 51.5 crore in FY23. PaisaWapas increased its profit by 16.7% to Rs 3.5 crore from Rs 3 crore in FY23. The firm recorded an EBITDA of Rs 4.86 crore, with an EBITDA margin of 7.04% and a Return on Capital Employed (ROCE) of 41.5%. The Bengaluru-based platform reported current assets of Rs 22 crore as of March 2024, while cash and bank balances rose 75% to Rs 7 crore. According to TheKredible, PaisaWapas has raised a total of $46K in funding to date. Vividhity Ventures is the lead investor, holding 2% of the companyโ€™s stake. Meanwhile, PaisaWapasโ€™ founders, Shankar Singh and Ashish Kumar, collectively own 94% of the company. PaisaWapas competes against the companies such as CashKaro, CouponDunia, GoPaisa and GrabOn, among several others.

VerSe Innovation revenue jumps 88% in FY25; eyes profitability in H2 FY26

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VerSe Innovation revenue jumps 88% in FY25; eyes profitability in H2 FY26
Medial

VerSe Innovation, the parent company of Dailyhunt and short-video app Josh, reported improved financial performance for the fiscal year ending March 2025. According to the firmโ€™s press release, operating revenue grew 88% during the fiscal year, while EBITDA burn reduced by 20%. VerSe Innovationโ€™s operating revenue jumped to Rs 1,930 crore in FY25 from Rs 1,029 crore in FY24. Total revenue, including other income, stood at Rs 2,071 crore during the year, representing a 64% year-on-year growth. On a standalone basis, excluding acquisitions, the main firmโ€™s revenue grew 33% to Rs 1,373 crore in FY25. VerSe reduced its EBITDA burn (excluding non-cash expenses) by 20% to Rs 738 crore in FY25 against Rs 920 crore in FY24. Its EBITDA margin improved to โ€“38% in FY25 compared to -89% in FY24. Operating expenses also fell to 61% in FY25 from 77% in FY24. VerSe aims for EBITDA positivity and profitability at the group-level in the second half of FY26 through AI-led monetization, subscription growth, community engagement, and strategic acquisitions. The company plans to integrate acquisitions like Magzter and ValueLeaf to enhance monetization. VerSe serves over 350 million users and is backed by investors such as CPP Investments, OTPP, QIA, Carlyle, Google, and Microsoft. As Indiaโ€™s first unicorn in the local language content space, VerSeโ€™s path to profitability by H2 FY26 is closely watched, with potential IPO plans in future years.

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%

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Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
Medial

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6% Logistics company Delhivery announced its Q4 FY25 results on Friday, reporting a 6% year-on-year increase in revenue. The Gurugram-based firm also reported a profit of Rs 72 crore during the same period. Delhiveryโ€™s revenue from operations grew to Rs 2,191 crore in Q4 FY25, according to its financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), Delhiveryโ€™s operating revenue increased 10% to Rs 8,932 crore in FY25 from Rs 8,141 crore in FY24. Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 112 crore from non-operating activities, bringing its total revenue to Rs 2,303 crore in Q4 FY25. Meanwhile, for the full fiscal year, total income reached Rs 9,372 crore. For Delhivery, freight handling and servicing costs made up 70% of its total expenditure, rising by 3% to Rs 1,566 crore in Q4 FY25. Employee benefit expenses decreased by 6% to Rs 337 crore. Legal, depreciation, and other overhead costs contributed to a minor decrease in overall expenditure, which reached Rs 2,249 crore during the quarter. For the full financial year ending March 2025, the firmโ€™s total expenses rose to Rs 9,217 crore as against Rs 8,825 crore in FY24. Delhivery's continued growth and controlled expenditure resulted in a profit of Rs 72 crore in Q4 FY25, compared to a loss of Rs 68 crore in Q4 FY24. On a fiscal basis, it turned profitable and reported a net profit of Rs 162 crore in FY25 as compared to a loss of Rs 249 crore in FY24. At the close of todayโ€™s trading session, Delhiveryโ€™s share price stood at Rs 321 per share, giving the company a market capitalization of Rs 23,957 crore.

Infibeam revenue jumps 93% to Rs 1,965 Cr in Q2 FY26

EntrackrEntrackr ยท 22d ago
Infibeam revenue jumps 93% to Rs 1,965 Cr in Q2 FY26
Medial

Infibeam revenue jumps 93% to Rs 1,965 Cr in Q2 FY26 Infibeam reported strong growth for the quarter ending September 2025. The Ahmedabad-based firmโ€™s revenue from operations rose 93% year-on-year, nearing the Rs 2,000 crore threshold, while its profit grew 45% during the same period. Infibeamโ€™s revenue from operations rose to Rs 1,965 crore in Q2 FY26 from Rs 1,017 crore in Q2 FY25, according to its consolidated financial statements filed with the National Stock Exchange (NSE). Infibeamโ€™s payment business contributed 97% of its total collections, which jumped 95% to Rs 1,900 crore in Q2 FY26. Its e-commerce platform business also saw a 48% rise, reaching Rs 65 crore. The firm reported other income of Rs 21 crore, taking its total revenue to Rs 1,986 crore. Infibeam operates a diversified digital platform, primarily focusing on digital payment services and e-commerce solutions. On the cost front, Infibeam's total expenses surged 98% to Rs 1,891 crore in Q2 FY26 from 957 crore in Q2 FY25. Payment processing remained the largest cost driver, jumping 105% to Rs 1,812 crore. Employee benefit expenses remained stable at Rs 34 crore, while depreciation costs increased 12% to Rs 19 crore. Infibeamโ€™s profit rose 45% to Rs 68 crore in Q2 FY26 from Rs 47 crore in Q2 FY25. For the six months ending September 2025, the companyโ€™s profit increased 17% to Rs 126 crore in H1 FY26 from Rs 108 crore in H1 FY25. Last month, Infibeam Avenues obtained in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs) under the Payment and Settlement Systems Act, 2007. At the close of todayโ€™s trading session, Infibeamโ€™s share price stood at Rs 19.29 per share, giving the company a market capitalization of Rs 5,379 crore ($606 million).

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

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

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 companyโ€™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 revenueโ€”73%โ€”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 companyโ€™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).

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