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Supersquad raises Rs 2.1 Cr in pre-seed round

EntrackrEntrackr · 1y ago
Supersquad raises Rs 2.1 Cr in pre-seed round
Medial

Supersquad, a startup focused on creator monetization, has raised Rs 2.1 crore in a funding round led by WLDD. The round also saw contributions from angel investors Nitin Rajput and Jivraj Singh Sachar. The funds will be used to enhance Supersquad’s technology platform and expand its team. Founded in 2024 by Akash Kadyan and Anushrut Khare, Supersquad offers creators a new way to earn income through community-driven travel experiences. Creators can choose a travel destination, set their own price for the experience they host, and create a booking page to promote and sell their trips. Supersquad ensures a seamless experience by partnering with a network of certified tour operators and providing local guides for all trips. The company aims to onboard more creators, build strategic alliances with travel providers, and continually innovate to lead in the creator economy.

Euler Motors reports Rs 191 Cr revenue and Rs 200 Cr loss in FY25

EntrackrEntrackr · 2m ago
Euler Motors reports Rs 191 Cr revenue and Rs 200 Cr loss in FY25
Medial

Euler Motors reports Rs 191 Cr revenue and Rs 200 Cr loss in FY25 Euler’s revenue grew by 12% during the fiscal year ending March 2025. The Delhi-based firm also managed to limit losses at a similar rate during the year. Commercial electric vehicle startup Euler Motors raised Rs 638 crore in its Series D round in May 2025, led by Hero MotoCorp. While the impact of this funding is likely to reflect in its FY26 numbers, Euler’s revenue grew by 12% during the fiscal year ending March 2025. The Delhi-based firm also managed to limit losses at a similar rate during the year. Euler Motors’ revenue grew 12% year-on-year to Rs 192.26 crore during the last fiscal year as compared to Rs 170.82 crore in FY24, according to the company’s annual financial statement with the RoC. The company primarily manufactures and sells electric vehicles. According to Vahan data, it sold around 3,305 electric vehicles in FY25, generating Rs 173 crore from vehicle sales, while battery, accessories, and other operating income contributed an additional Rs 12 crore to its total operating revenue. Euler Motors also earned Rs 14.73 crore in non-operating income including interest income, which pushed its total revenue to Rs 206 crore in FY25. On the expense side, material costs remained the biggest expenditure, making up 47.5% of total expenses at Rs 192 crore in FY25. This cost was reduced by 10% compared to FY24. Employee benefit expenses rose 46% year-on-year to Rs 74.4 crore in FY25. Security and manpower service costs also jumped 55% to Rs 24.44 crore during the year, while finance costs and depreciation and amortization expenses stood at Rs 17.3 crore and Rs 18.46 crore, respectively. Further, advertising expenses surged 4.6X to Rs 12.77 crore in FY25 from Rs 2.75 crore in FY24. Other overheads including rent, R&D, travel, professional fees, transportation, repair and maintenance, software, and other expenses added Rs 64.8 crore to the total cost. Overall expenditure remained flat compared to FY24, at around Rs 404 crore. In the end, a 12% rise in operating revenue, coupled with higher non-operating income and controlled spending, helped the Hero MotoCorp-backed company reduce its losses by 12% to Rs 200 crore in FY25. On a unit level, Euler spent Rs 2.11 to earn a rupee of operating income. Its EBITDA margin and ROCE improved to -92.6% and -93.7% respectively. As on March 2025, the company’s current assets stood at Rs 214.3 crore, including cash and bank balances of Rs 95 crore. According to startup data platform TheKredible, the Delhi-based firm has raised over $200 million to date, with Hero MotoCorp, GIC, and British International Investment among its lead investors.

Travel Boutique Online’s PAT crosses Rs 200 Cr in FY24

EntrackrEntrackr · 1y ago
Travel Boutique Online’s PAT crosses Rs 200 Cr in FY24
Medial

Online B2B travel distribution platform Travel Boutique Online (TBO) demonstrated a decent 30.8% Y-O-Y growth during the fiscal year ended March 2024. At the same time, the profits (PAT) of the company spiked with the same pace and surpassed Rs 200 crore in the same period. Travel Boutique’s revenue from operations grew to Rs 1,393 crore in FY24 from Rs 1,065 crore in FY23, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. TBO Tek TBO is a travel distribution platform that extends white-label solutions to travel agents and tour operators. By facilitating air travel, hotel bookings, and tour packages, the platform makes money on commissions on these services. The commission from hotels and packages formed a significant 72.8% of the total operating revenue which increased 40.4% to Rs 1,014 crore during FY24. Commission from air ticketing contributed Rs 347 crore to its operating income. For the B2B travel distribution platform, the cost of providing services for air ticketing, hotels, and packages accounted for 40% of the overall expenditure. This cost grew 41.9% to Rs 471 crore in FY24. Travel Boutique’s spending on employee benefits grew by 21.5% in FY24. Its legal, professional, advertising, technology, and other overheads took the overall expenditure up by 29.2% to Rs 1,181 crore in FY24. Head to TheKredible for the complete expense breakup. The controlled cost mechanism increased Travel Boutique’s profit by 35.8% to Rs 201 crore in FY24 from Rs 148 crore. Its ROCE and EBITDA margins stood at 31% and 19.9% respectively. On a unit level, it spent Rs 0.85 to earn a rupee in FY24. FY23-FY24 FY23 FY24 EBITDA Margin 19% 19.9% Expense/₹ of Op Revenue ₹0.86 ₹0.85 ROCE 43% 31% TBO Tek was listed on the stock exchange on 15th May 2024. Currently, the share price of the firm stands at Rs 1,410.3 (as of 31st May 2025) with a total market cap of Rs 15,314 crore.

Travel tech startup The Tarzan Way raises Rs 2 Cr led by IPV

EntrackrEntrackr · 7m ago
Travel tech startup The Tarzan Way raises Rs 2 Cr led by IPV
Medial

Noida-based AI-powered travel tech startup The Tarzan Way has raised Rs 2 crore (around $233K) in a seed funding round led by Inflection Point Ventures (IPV). The round also saw participation from Your Trips Limited (UK), PhysicsWallah Founder Prateek Maheshwari, and several angel investors. The funds will be allocated towards product development (35%), operations (25%), marketing (20%), HR/admin (15%), and miscellaneous functions (5%). Founded in 2020 by Shikhar Chadha and Shivank Tripathi, The Tarzan Way uses AI to create hyper-personalised travel experiences, enabling users to plan custom itineraries in seconds. With its new “Exploration App” set to launch soon, the company aims to streamline travel planning by offering an AI-backed booking engine, one-click bookings, and 24x7 concierge support. The platform claims to have clocked Rs 13.5 crore in gross booking value, with a 300% YoY revenue jump and 70% MoM user growth. The brand has over 35,000 social followers and 10 million+ content views. Backed by a growing market for personalised travel, the expansion of India’s tourism sector is expected to touch $512 billion by 2028.

Assistive technology startup Social Hardware raises Rs 3.2 Cr

EntrackrEntrackr · 1y ago
Assistive technology startup Social Hardware raises Rs 3.2 Cr
Medial

Social Hardware, an innovation startup that designs and develops assistive devices, bionics, and field robotics, has raised Rs 3.2 crore in its seed round led by Inflection Point Ventures. Ivyleague Ventures and Soonicorn Ventures have also participated in the round. The proceeds will be used towards growth and go-to-market (GTM) initiatives, building a strong marketing and sales team, establishing an advanced R&D facility, expanding in-house manufacturing capabilities, and strengthening R&D efforts. Co-founded by Abhit Kumar, Cameron Norris, and Raghavendran Arunachalam, Social Hardware specializes in teleoperated robotic systems designed for hazardous operations. The firm serves manufacturing, infrastructure, defense, and aerospace industries, delivering innovative solutions that enhance safety and operational efficiency in challenging environments. The startup operates with a team of 17 across two locations in Bengaluru, including a corporate office in Hebbal and an R&D facility in Rajajinagar. Currently, Social Hardware has a production capacity of 12 units for FY 2024-25, which is set to triple to 36 units by FY26, aiming for a revenue capacity of Rs 24.76 crore.

Peak XV-backed Scapia reports Rs 83 Cr loss on Rs 29 Cr revenue in FY25

EntrackrEntrackr · 24d ago
Peak XV-backed Scapia reports Rs 83 Cr loss on Rs 29 Cr revenue in FY25
Medial

Travel fintech startup Scapia has raised $40 million in a Series B round led by Peak XV shortly after FY25, as investors doubled down on the company’s growth potential. The fundraiser follows over 70% year-on-year growth in scale. However, losses continue to remain a key challenge for the company. Scapia’s operating revenue surged to Rs 29 crore in FY25 from Rs 17 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Founded by Anil Goteti, Scapia operates as a fintech-travel platform, offering a lifetime-free credit card with travel rewards. It generates revenue through interchange fees, interest on EMIs, and partner commissions from travel bookings. Service income remained the largest contributor to the company, which accounted for 82.8% of operating revenue. This income increased 60% to Rs 24 crore in FY25. Revenue from convenience fees more than tripled to Rs 3.4 crore, while commission income grew 71.4% to Rs 1.2 crore during the year. On the cost side, employee benefit expenses emerged as the largest cost head, accounting for nearly half of the total cost. This expense jumped 71.8% to Rs 61 crore in FY25 from Rs 35.5 crore in FY24. Advertising expenses declined sharply by 35% to Rs 32 crore in FY25 from Rs 49.5 crore in FY24. Other operating costs, such as lounge service expenses remained flat at Rs 7 crore, while subscription charges rose 17% to Rs 7 crore. Customer support costs increased marginally to Rs 4 crore, and other expenses climbed 21% to Rs 12.5 crore. Overall, Scapia’s total expenses increased 10% to Rs 123.5 crore in FY25 from Rs 112 crore in FY24. With Scapia’s revenue outpacing expense growth, its net loss reduced to Rs 83 crore in FY25 from Rs 88 crore in FY24. Its ROCE and EBITDA margin stood at -22.98% and -322.41%, respectively. On a unit basis, Scapia spent Rs 4.26 to earn a rupee in FY25, an improvement from Rs 6.59 in FY24. The company strengthened its balance sheet during the year, with cash and bank balance worth Rs 305 crore, while its current assets more than doubled to Rs 331 crore. Scapia has raised a total of $72 million of funding to date, having Peak XV Partners, Matrix Partners and Elevation Capital as its lead investors. The company’s founder, Anil Goteti, owns 40% of the company.

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