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Mokobara revenue doubles to Rs 230 Cr in FY25

EntrackrEntrackr · 19d ago
Mokobara revenue doubles to Rs 230 Cr in FY25
Medial

Mokobara revenue doubles to Rs 230 Cr in FY25 Peak XV-backed D2C luggage and travel accessories brand, Mokobara, has scaled up more than fourfold over the last two fiscal years, with its operating revenue rising to Rs 230 crore in FY25 from Rs 53 crore in FY23. Mokobara’s revenue from operations surged by 97% to Rs 230 crore in FY25 from Rs 117 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). The company earns revenue mainly from the sale of luggage, backpacks, and travel accessories through its online and offline channels. The sale of these products was the sole source of revenue for the company in FY25. The firm posted Rs 10 crore in interest income, which took its total income to Rs 240 crore in FY25, compared to Rs 119 crore in FY24. The cost of procurement was the largest expense for the luggage-selling company. This cost surged 91% to Rs 109 crore and accounted for 43% of the overall spend in FY25. Advertising expenses rose 88% to Rs 46 crore in FY25. Employee benefit expenses almost doubled to Rs 25 crore while logistics charges and warehousing costs stood at Rs 11 crore and Rs 8 crore, respectively. Overall, Mokobara’s total expenses more than doubled to Rs 251 crore in FY25 from Rs 123 crore in FY24. In the end, the company posted a net loss of Rs 10 crore in FY25, compared to a loss of Rs 4 crore in the previous fiscal year. Its ROCE and EBITDA margin stood at -11.61% and -6.52% respectively. On a unit basis, the company spent Rs 1.09 to earn a rupee during the fiscal year. The Mumbai-based firm reported cash and bank balances of Rs 72.5 crore, while its current assets stood at Rs 204 crore in FY25. Mokobara has raised around $24 million in funding to date, with Sauce, Saama Capital, and Peak XV Partners as its lead investors. Mokobara competes with the likes of Nasher Miles, Zouk Bags, and Acefour Accessories. The luggage and accessories space has been one of the big ones to wake up after seemingly decades of slumber till 2020. It has seen multiple brands emerge since, and Mokobara has done well to capture significant mind space as a premium offering. The company has built offline reach as well, with new stores in the past year, so costs will take a while to settle, even as sales are pushed hard to keep losses in check. Outsourced manufacturing and design have enabled many firms to test the segment, and it’s clearly a buyers' market for now. Mokobara has the reserves to make a break for the 500 crore milestone before needing any further funding, and it remains to be seen how it charts that path. It could come as early as FY26 if plans work out, and definitely by FY27, looking at momentum. Before that, will the firm become a target for acquisition? We will wait and watch.

Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even

EntrackrEntrackr · 3m ago
Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even
Medial

Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even Mosaic Wellness, the parent company of digital-first health and wellness brands Man Matters and Bodywise, continued its growth trajectory in FY25, more than doubling its scale while significantly narrowing its losses in the fiscal year ending March 2025. The company’s operating revenue spiked 2.2X to Rs 736 crore in FY25 from Rs 333 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Mosaic Wellness is a digital-first consumer health platform that runs separate brands for men, women, and kids. Its flagship brand ManMatters offers solutions across derma, sexual health, hygiene, and nutrition. The company has not disclosed the revenue from its brands separately but the sale of health and wellness products was the only source of income for Mosaic Wellness in FY25. It also added Rs 13 crore from the interest on deposits and gain on sale on investments which brought its total revenue to Rs 749 crore in the last fiscal year. The company’s advertising expense remained its largest cost centre, accounting for 35% of the total spend. This cost nearly doubled to Rs 267 crore in FY25 from Rs 138 crore. The cost of materials also grew sharply to Rs 193 crore, forming over 25% of the expenditure. Meanwhile, the company’s employee benefit expense remained stable at Rs 63 crore in FY25. Overall, Mosaic Wellness’ total expense doubled to Rs 758 crore in FY25 from Rs 380 crore in FY24. With the company’s revenue outpacing expense growth, the company managed to bring down its net loss by 69%, narrowing it to Rs 12 crore in FY25 from Rs 39 crore in FY24. Its ROCE and EBITDA margin stood at -6.55% and -2.79%, respectively. Mosaic Wellness spent Rs 1.03 to earn a rupee of operating revenue in FY25, an improvement from Rs 1.14 in the previous year. The firm closed the fiscal with Rs 49 crore in cash and bank balances, while its current assets nearly doubled to Rs 325 crore. According to TheKredible, the company has raised a total of $63 million of funding till date, having Elevation Capital, Peak XV Partners and Matrix Partners as its lead investors. The company’s co-founders Revant Bhate and Dhyanesh Shah own around 35% of the company.

The Indian Garage Co doubles revenue to Rs 204 Cr in FY25; slips into losses

EntrackrEntrackr · 1m ago
The Indian Garage Co doubles revenue to Rs 204 Cr in FY25; slips into losses
Medial

The Indian Garage Co doubles revenue to Rs 204 Cr in FY25; slips into losses The Indian Garage Co, a Bengaluru-based men’s apparel brand, has doubled its scale in the last fiscal year ending March 31, 2025. However, in order to achieve scale, the company lost its profitability as expenses seconded revenue growth. The company’s operating revenue doubled to Rs 204 crore in FY25 from Rs 101.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). The Indian Garage Co is a D2C firm that designs, manufactures, and sells men’s apparel under its in-house brands, catering to the mass-premium segment. Revenue from the sale of its products was the sole source of income for the company. The company’s total income increased to Rs 207 crore in FY25 from Rs 103 crore a year earlier. On the spending side, the cost of material remained the largest expense, accounting for nearly 44% of total expenditure. This cost surged 142% to Rs 104 crore in FY25 from Rs 43 crore in FY24. Job work charges increased 193% to Rs 41 crore, while employee benefit expenses jumped 240% to Rs 17 crore during the year. Depreciation expenses grew threefold to Rs 18 crore, and transportation and distribution costs rose 38.5% to Rs 18 crore. Other overheads added another Rs 39.5 crore to the cost. Overall, total expenses surged 147% to Rs 237.5 crore in FY25 from Rs 96 crore in FY24. With expenses growing faster than revenue, The Indian Garage Co posted a loss of Rs 23 crore in FY25, as compared to a profit of Rs 5 crore in FY24. Its ROCE and EBITDA margin stood at -10.44% and -6.37% respectively. On a unit basis, the company spent Rs 1.16 to earn a Rupee of operating revenue in FY25. The Indian Garage Co reported cash and bank balances of an alarming Rs 3 lakh at the end of FY25, significantly lower than Rs 2.5 crore in FY24. Its current assets stood at Rs 32 crore in the same period. According to Thekredible, The Indian Garage Co has raised a total of $17 million of funding till date, having Aditya Birla Group as its lead investor. The company’s Founder & CEO, Anant Tanted owns 32.34% of the company.

Exclusive: Unacademy narrows EBITDA losses by 38% in FY25, reports Rs 826 Cr income

EntrackrEntrackr · 4m ago
Exclusive: Unacademy narrows EBITDA losses by 38% in FY25, reports Rs 826 Cr income
Medial

Unacademy’s total revenue decreased 16% year on year to Rs 826.3 crore in FY25, compared to Rs 988 crore in FY24, according to the internal document reviewed by Entrackr. Despite the year-on-year decrease in total revenue, edtech unicorn Unacademy managed to reduce its EBITDA losses by 37.6% year-on-year in the fiscal year ending March 2025. Moreover, the SoftBank-backed firm also reduced its net losses by 31% year-on-year to Rs 436 crore in FY25. The firm’s EBITDA loss was Rs 305 crore, down from Rs 489 crore in FY24, a 38% reduction due to cost optimization measures. As of March 2025, Unacademy had a cash and cash equivalent balance of Rs 1,238 crore. Recently, Unacademy elevated Sumit Jain, co-founder and head of its Graphy subsidiary, as CEO of its flagship Test Prep business.

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