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With 3.5% market share, Ola Electric slips out of top 5 EV 2W makers in Feb

EntrackrEntrackr · 1d ago
With 3.5% market share, Ola Electric slips out of top 5 EV 2W makers in Feb
Medial

Bhavish Aggarwal-led Ola Electric slipped out of the top five electric two-wheeler makers in February after its sales fell 47% month-on-month and its market share dropped below 4%. TVS Motor continues to hold the top spot. According to Vahan data, the overall electric two-wheeler market fell over 9% in February due to the shorter month, with total registrations at 1,11,680 units. Despite a 9% decline in sales, TVS Motor Company retained a 28.3% market share, with registrations of 31,600 units during the month. Bajaj Auto recorded sales of 25,323 units in February, compared to 25,717 units in November, while its market share rose to 22.67%. Ather Energy retained its third position during the period, although registrations declined 7% month-on-month to 20,581 units from 22,130 in January. The company held an 18.43% market share. Hero MotoCorp also maintained its fourth spot, despite a 6.26% month-on-month decline in sales. The company registered 12,512 units and held an 11.2% market share. Ola Electric sales continued to plunge in February, with volumes down over 47% month-on-month to 3,968 units. As a result, the company slipped out of the top five and its market share fell to 3.55%. Once a dominant player with more than 35% market share in 2024, Ola Electric has seen a sharp erosion in its position. Ola Electric’s sharp fall opened space for Greaves Electric Mobility to enter the top five electric two-wheeler sellers. Despite an 11.55% month-on-month decline in sales, Greaves Electric held a 4.23% market share during the month. BGauss, and River Mobility, e-Sprinto retained their positions at seventh, eighth, and ninth, respectively. However, their sales declined in February by 2.8%, 13.8%, and 42.15% month-on-month. Simple Energy entered the top 10 electric two-wheeler companies, replacing Pure EV. The company’s registrations rose over 45% during the month.

PhonePe records 9.9 Bn UPI transactions in January; CRED slips to 8th position

EntrackrEntrackr · 20d ago
PhonePe records 9.9 Bn UPI transactions in January; CRED slips to 8th position
Medial

PhonePe records 9.9 Bn UPI transactions in January; CRED slips to 8th position PhonePe remained the leader in the Unified Payments Interface (UPI) ecosystem in January. The Walmart-backed fintech processed 9.91 billion transactions, with a 45.7% share of total volume and a 48.6% share by value among UPI apps. Overall, the UPI processed 21.7 billion transactions worth Rs 28,33,481 crore during the month. Google Pay held on to the second position with 7.23 billion transactions. The platform accounted for 33.3% of overall transaction volume and 33.8% of total value. Paytm ranked third with 1.66 billion transactions, translating into a 7.7% share by volume and 6.4% by value. In value terms, Paytm’s UPI transactions amounted to Rs 1,81,973 crore during the period. With the current trend, PhonePe is expected to cross 10 billion monthly transactions very soon. Among mid-sized players, Navi recorded 709 million transactions worth Rs 37,956 crore, followed by super.money, which processed 298 million transactions valued at Rs 12,546 crore. FamPay also continued to gain traction on the UPI platform. The fintech player processed 161 million transactions in January, allowing it to move ahead of CRED in terms of transaction volume during the month. In December, the government-backed BHIM app had overtaken CRED in volume. That trend continued in January, with BHIM handling 172 million transactions worth Rs 22,026 crore, while CRED processed 157 million transactions. Despite lower volumes, CRED continued to lead in value, with transactions amounting to Rs 58,841 crore, reflecting its focus on higher-value payments. Axis Bank’s UPI apps recorded a total transaction volume of 153 million, driven largely by business-to-consumer payments. WhatsApp Pay processed 113 million transactions worth Rs 8,358 crore. Both platforms accounted for less than 1% of total UPI volumes.

Tracxn continues to report flat revenue in Q3 FY25; slips into losses

EntrackrEntrackr · 25d ago
Tracxn continues to report flat revenue in Q3 FY25; slips into losses
Medial

News All Stories Tracxn continues to report flat revenue in Q3 FY25; slips into losses Data and research platform Tracxn announced its financial results for the third quarter of FY26 on Thursday. The Bengaluru-based company reported flat revenue in Q3 FY26 with a loss of Rs 81 lakh. Mukul Manchanda 05 Feb 2026 16:40 IST Follow UsData and research platform Tracxn announced its financial results for the third quarter of FY26 on Thursday. The Bengaluru-based company reported flat revenue in Q3 FY26 with a loss of Rs 81 lakh. Tracxn's revenue from operations decreased marginally by 2% to Rs 21 crore in Q3 FY26, compared to Rs 21.4 crore in Q3 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. Tracxn derived its entire operating revenue from subscription sales that provide access to its data and software. However, the firm did not disclose a detailed revenue breakdown for the quarter. The company also earned Rs 1.57 crore from non-operating sources. This took Tracxn’s total revenue to Rs 22.6 crore in the third quarter of FY26. Founded by Abhishek Goyal and Neha Singh, Tracxn specializes in tracking startups and private companies across diverse sectors. Backed by prominent investors like Accel Partners, Peak XV Partners, and Elevation Capital, Tracxn serves subscribers in over 40 countries. On the cost side, employee benefits remained the largest cost center for the company, which accounted for 88% of its total expenditure. This expense increased by 5.3% year-on-year to Rs 20 crore in Q3 FY26. Overall, Tracxn's total costs grew by approximately 8.6% to Rs 22.8 crore in Q3 FY26. The company booked Rs 94 lakh in exceptional items due to the statutory impact of new labour codes. This led to a loss of Rs 81 lakh in the quarter compared to a profit of Rs 1.42 crore in Q3 FY25. For the first nine months of FY26, Tracxn’s operating revenue stood at Rs 63.3 crore, while its losses surged over 2.6X year-on-year to Rs 5.25 crore. At the end of today’s trading session, Tracxn’s share price closed at Rs 34.55. This valued the company at a market capitalization of Rs 368.6 crore ($41 million). Notably, the company’s share price declined 34% from Rs 52.6 crore in last quarter and market Capitalization of Rs 559 crore ($63 million). Tracxn’s Q3 FY26 performance shows pressure on both growth and profitability. Operating revenue remained flat while costs, led by employee expenses, continued to rise, resulting in a loss. Exceptional items added to the impact during the quarter. With subscription revenue unchanged and losses widening over the nine-month period, the company needs to improve cost efficiency and revive growth to stabilise performance.

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