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CollegeDekho posts Rs 151 Cr loss in FY25, revenue remains flat

EntrackrEntrackr · 3h ago
CollegeDekho posts Rs 151 Cr loss in FY25, revenue remains flat
Medial

CollegeDekho, a higher education services and college admissions platform, saw its growth stall in the fiscal year ended March 2025. Despite the flat topline, the company’s losses grew 19% year-on-year to Rs 151 crore in FY25. CollegeDekho’s revenue from operations increased marginally to Rs 221.6 crore in FY25 from Rs 215.6 crore in FY24, its consolidated financial statements sourced from the Registrar of Companies (RoC) shows. Founded in 2015, CollegeDekho operates a marketplace for college admissions and higher education services, offering student counselling and lead generation, university partnerships, education loans, test preparation, and study abroad services. The company claims to have counseled over 1.2 million students and enrolled more than 200,000 students through partnerships with over 2,000 colleges. Collegedekho has 7 brands, including GetMyUni, ImaginXP, PrepBytes, Get GIS, IELTSMaterial, Unipto Education, and Assured. However, the company has not disclosed a detailed revenue breakdown. It primarily earns from commissions on admissions, marketing services, promotion and advertising, online coaching, and other technology solutions. It also earned Rs 6 crore in interest and investment income lifted its overall revenue to Rs 227.7 crore in FY25. On the expense front, advertising and promotional spending emerged as the largest cost centre for the firm, accounting for 33% of total expenses and standing at Rs 126 crore in FY25. This cost increased 31% year-on-year, reflecting the company’s heightened focus on brand visibility and customer acquisition. Meanwhile, the firm reduced its employee benefit expenses by 25% to Rs 117 crore in FY25 from Rs 156 crore in FY24, Notably, this expense includes Rs 7.4 crore in ESOP costs, which are non-cash in nature. CollegeDekho’s outsourcing and subcontracting costs doubled in the last fiscal to Rs 31.5 crore. Its legal, rent, provisions for doubtful debts, travel, and other operating costs together contributed to an 8.6% rise in the company’s total expenditure, which increased to Rs 378.8 crore in FY25 from Rs 348.9 crore in FY24. Overall, flat revenue combined with higher spending on advertising and outsourcing pushed the company’s losses up 19% to Rs 151 crore in the previous fiscal, compared with a loss of Rs 127 crore in FY24. Its ROCE and EBITDA margin worsened to -154.93% and -56.9%, respectively. On a unit level, CollegDekho spent Rs 1.71 to earn a rupee of operating revenue. Its current assets were recorded at Rs 176 crore, with cash and bank balances of Rs 37 crore at the end of FY25. CollegeDekho has secured over $68 million in total funding, including its most recent debt funding of Rs 40 crore ($4.7 million) from debt marketplace Recur Club in April last year. According to the startup data intelligence platform TheKredible, CarDekho is the largest external stakeholder, followed by Winter Capital. It competes with Blume Ventures–backed Leverage Edu, which reported over Rs 180 crore in revenue in FY25, and bootstrapped Collegedunia, which posted Rs 192 crore in operating revenue in the fiscal year ended March 2024 and was profitable.

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Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25

EntrackrEntrackr · 8m ago
Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25
Medial

Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25 Gaming and sports media firm Nazara Technologies reported a 95% year-on-year rise in operating revenue for Q4 FY25. However, the Mumbai-based company’s profit remained modest at Rs 4 crore in the final quarter of the previous fiscal year. Nazara’s operating revenue rose by 95.3% to Rs 520 crore in Q4 FY25 from Rs 266 crore in Q4 FY24, according to its audited consolidated financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 41.5% (Rs 216 crore) of the company’s total operating revenue, while the gaming segment held a 30% share (Rs 156 crore), followed by ad tech, which contributed 28% (Rs 148 crore). Nazara also earned Rs 18 crore from interest and gains on financial assets during the quarter, bringing its overall revenue to Rs 539 crore. However, the company posted a 40.8% YoY increase in its total income to Rs 1,715 crore in FY25, compared to Rs 1,218 crore in FY24. On the line of scale, Nazara’s total expenses surged by 85.3% to Rs 528 crore in Q4 FY25, compared to Rs 285 crore in the same quarter last year. Content and commission costs together stood at Rs 186 crore, while employee benefit expenses rose to Rs 80 crore. Notably, marketing expenses saw a sharp 3.5X jump, reaching Rs 151 crore in Q4 FY25. Despite a 95% year-on-year revenue growth in Q4, the company’s profit remained flat at Rs 4 crore in Q4 FY25. For the full fiscal year, its net profit declined to Rs 51 crore in FY25 from Rs 74.7 crore in FY24. Last week, the Competition Commission of India (CCI) also approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara is currently trading at Rs 1,270 (as of 03.41 PM) with a total market capitalization of Rs 11,127 crore (approximately $1.3 billion).

Samunnati posts Rs 2,434 Cr GMV and Rs 5 Cr PBT in FY25

EntrackrEntrackr · 18d ago
Samunnati posts Rs 2,434 Cr GMV and Rs 5 Cr PBT in FY25
Medial

Samunnati, an agri-value chain enabler, reported muted growth during the fiscal year ended March 2025, while continuing to remain profitable at the pre-tax level. According to its consolidated financial statements filed with the Registrar of Companies (RoC), the Chennai-based company’s gross revenue inched up to Rs 2,434 crore in FY25 from Rs 2,404 crore in FY24. Founded in 2014, Samunnati is a specialised agri ecosystem platform, providing both financial and non-financial solutions across the agricultural value chain. The company primarily works with farmer-producer organisations (FPOs), agri SMEs, and agri-tech startups, and claims to serve over 6,000 farmer collectives, impacting millions of smallholder farmers across India. Trading and allied activities continued to be the mainstay of Samunnati’s business, contributing around 90% of its total gross revenue. Income from this segment stood at Rs 2,205 crore in FY25, while the remaining income was generated from its financing and lending operations. On the cost front, procurement expenses remained the largest component, accounting for nearly 85% of total expenses. The cost of procurement rose to Rs 2,084 crore in FY25. Employee benefit expenses also moved up by 8% to Rs 76 crore during the year. Samunnati’s lending business led to a sharp rise in finance costs, which surged 42.9% to Rs 215.8 crore in FY25 from Rs 151 crore in FY24. Legal, professional, and other overhead expenses further pushed the company’s total expenditure to Rs 2,463 crore in FY25, compared to Rs 2,434 crore in FY24. Despite flat gross revenue growth and rising costs, Samunnati reported earnings before tax (EBT) of Rs 5.3 crore in FY25. However, a deferred tax expense of Rs 74 crore dragged the company into losses, with a net loss for the year standing at Rs 74 crore. The company spent nearly Re 1 to earn a unit of revenue in FY25, indicating near break-even operations. Its total current assets stood at Rs 2,103 crore as of March 2025, including cash and bank balances of Rs 308 crore. On the fundraising front, Samunnati closed a $44 million Series E round in May last year. Before that, the company had raised $135 million from a mix of lenders and investors, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital.

Cult.fit posts Rs 1,216 Cr revenue and Rs 481 Cr loss in FY25

EntrackrEntrackr · 1m ago
Cult.fit posts Rs 1,216 Cr revenue and Rs 481 Cr loss in FY25
Medial

Fintrackr All Stories Cult.fit posts Rs 1,216 Cr revenue and Rs 481 Cr loss in FY25 Fitness tech company Cult.fit reported over 31% year-on-year growth in operating revenue for the fiscal year ended March 2025, while its losses narrowed by 10% to Rs 481 crore during the period. Mukul Manchanda 15 Dec 2025 16:06 IST Fitness tech company Cult.fit reported over 31% year-on-year growth in operating revenue for the fiscal year ended March 2025, while its losses narrowed by 10% to Rs 481 crore during the period, as the company gears up for an initial public offering (IPO). Cult.fit reported an operating revenue of Rs 1,215.5 crore in FY25 compared to Rs 926.6 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Revenue from fitness subscriptions, including flagship offerings such as Cultpass, Cult.fit centres, and platform services, accounted for 73% of total revenue which increased by 32.7% year-on-year to Rs 889 crore in FY25. The sale of products, including sportswear for men and women as well as other gym and fitness products, contributed Rs 326.4 crore to total revenue, with the segment’s revenue rising 27% compared to FY24. Cult.fit also earned Rs 56.5 crore from other income, including interest on current investments and miscellaneous non-operating sources, taking its total revenue to Rs 1,272 crore in FY25. Coming to expenses, employee benefit costs remained largely flat at Rs 347.4 crore in the last fiscal, including Rs 99.5 crore ESOP expenses. Meanwhile, Cult.fit’s cost of materials rose 31% year-on-year to Rs 521.5 crore in FY25, accounting for nearly 30% of the company’s overall expenses and remaining its largest cost centre. Spending on advertising and promotional expenses remained flat at Rs 202.9 crore in FY25, while depreciation and amortisation costs increased 12% year-on-year to Rs 237.6 crore. Legal and professional expenses, along with finance costs, added another Rs 120.9 crore and Rs 109.5 crore, respectively, to the company’s total expenses. Information technology, travel and other miscellaneous expenses pushed overall costs up by 12% year-on-year to Rs 1,751.6 crore in FY25. In the end, the Bengaluru-based firm’s losses declined by 10% to Rs 480.8 crore in FY25. Its ROCE and EBITDA margins stood at -24.02% and -15.54% respectively whereas its EBITDA (loss) stands at Rs 189 crore in the period. Cult.fit managed to improve its expense-to-earning ratio to Rs 1.44 in the previous fiscal. Its current assets stood at Rs 1,029.5 crore with a cash and bank balance of Rs 240.7 crore in FY25. According to startup data intelligence platform TheKredible, Cult.fit has raised over $675 million to date from investors including Accel, Temasek, Eternal (Zomato), Tata Digital and several others. The Tata Digital-backed company is reportedly aiming to raise Rs 2,500 crore through an initial public offering (IPO) at a valuation of around $2 billion, and has appointed Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley and JM Financial as its bankers.

Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95%

EntrackrEntrackr · 7m ago
Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95%
Medial

Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95% Cloud kitchen brand Curefoods has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The move follows the company’s FY25 financial performance, where it reported a revenue of Rs 746 crore and a loss of Rs 170 crore, according to its balance sheet. Curefoods' operating revenue increased by 28% to Rs 746 crore in FY25 from Rs 585 crore in FY24, while its losses remained flat in the last fiscal year. Curefoods operates a multi-brand cloud kitchen business across categories like Indian meals, pizza, desserts, and health-focused food. In FY25, desserts led revenue with Rs 196 crore, followed by pizza (Rs 183 crore), Indian meals (Rs 178 crore), and healthy meals (Rs 176 crore). While desserts and pizza grew 18% and 95% YoY, respectively, the healthy segment declined by 13%. The Bengaluru-based company added Rs 29 crore from interest on financial assets which pushed its total income to Rs 775 crore in FY25. On the expense side, the cost of materials accounted for the largest share at Rs 273 crore, followed by employee benefit expenses at Rs 180 crore and commissions at Rs 137 crore. Advertising costs jumped significantly by over 64% to Rs 87 crore. Overall, the company’s total expenditure stood at Rs 944 crore in FY25, rising by 17% from Rs 807 crore in FY24. Despite the revenue growth, Curefoods’ loss remained flat at Rs 170 crore in FY25 from Rs 173 crore in FY24. Its ROCE and EBITDA margin stood at -19% and -7.5%, respectively. On a unit level, the company spent Rs 1.27 to earn a rupee of operating revenue in FY25. As of March 2025, the Ankit Nagori-led company had current assets worth Rs 339 crore in FY25, including Rs 80 crore in cash and bank balances. Curefoods’ founder Nagori is entitled to an annual fixed remuneration of Rs 3 crore (inclusive of perquisites and retirement benefits) and an annual variable bonus of up to 20% of his remuneration. Curefoods’ operational performance improved in FY25, with average daily sales rising to Rs 2 crore from Rs 1.5 crore in FY24, amid strong consumer demand across its brands. Among its 10 key brands, Sharief Bhai, EatFit, and CakeZone led revenue with Rs 148 crore, Rs 145 crore, and Rs 102 crore, respectively. The company also added new revenue streams through the launch of Krispy Kreme operations in South, West, and North India, with Rs 15 crore in revenue in FY25 after acquiring the franchise rights. The improving numbers certainly indicate a level of maturity for the business, prompting the move to go public as well. However, risks remain, particularly in the performance of the ‘Healthy Foods’ segment and now, the Krispy Kreme franchise, which has not quite delivered in India, and continues to face a tough challenge to crack the local market. Curefoods and its multi-brand approach remains to be tested, especially with profits still distant, and H1 of FY26 will probably be a good time to evaluate if the firm has discovered a path to profitability.

FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable

EntrackrEntrackr · 1m ago
FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable
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FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable FreshToHome, a D2C meat and seafood brand, recorded a marginal improvement in its financial performance in the fiscal year ending March 2025. The company managed to grow its scale while keeping its loss stable in the period. FreshToHome’s gross revenue increased 14% to Rs 421 crore in FY25 from Rs 369.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). The company primarily generates its revenue from the sale of meat, seafood and other fresh produce across its platform. Including non-operating income of Rs 9 crore, its total income stood at Rs 430 crore in FY25. The cost of material consumed remained the largest expense element for the Bengaluru-based company, forming over 83% of total expenditure. This cost grew 5% to Rs 481 crore in FY25 from Rs 458 crore in FY24. Employee benefit costs increased 10% to Rs 33 crore, while advertising and promotional expenses declined 37% to Rs 14.5 crore during the year. Subscription costs remained flat at Rs 8 crore. Other overheads more than doubled to Rs 33.5 crore in FY25. Overall, FreshToHome’s total expenditure went up by 6% to Rs 576 crore in FY25 from Rs 542 crore in FY24. At the bottom line, FreshToHome reported a net loss of Rs 146 crore in FY25, compared to Rs 150 crore in FY24, representing a modest 2.7% reduction in losses. Its ROCE and EBITDA margin stood at -107.64% and -36.58% respectively. On a unit level, the company spent Rs 1.37 to earn a rupee, improving from Rs 1.47 it spent in FY24. The firm recorded cash and bank balances of Rs 42 crore, while its current assets were valued at Rs 73.5 crore at the end of FY25. According to TheKredible, FreshToHome has raised over $320 million of funding to date. In the last round, FreshToHome raised $104 million in its Series D funding, led by Amazon Smbhav Venture Fund.

Cashfree posts Rs 640 Cr revenue in FY25, losses rise 14%

EntrackrEntrackr · 4m ago
Cashfree posts Rs 640 Cr revenue in FY25, losses rise 14%
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Fintrackr All Stories Cashfree posts Rs 640 Cr revenue in FY25, losses rise 14% Cashfree struggled with growth in FY25, even after the Reserve Bank of India removed merchant onboarding restrictions for leading companies. State Bank of India-backed Cashfree is no exception, as the firm’s operating scale remained flat in FY25. Cashfree reported an operating revenue of Rs 640 crore in FY25 against Rs 643 crore in FY24, according to the company’s consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2015 by Akash Sinha and Reeju Datta, Cashfree provides businesses with a fast and easy way to collect payments online, make payouts, improve conversions, and verify identity and detect fraud during KYC and onboarding. The company claims to enable large businesses to process 12,000 transactions per second during peak demand. The revenue breakup for FY25 shows payment gateway commissions accounted for 75% of the operating revenue at Rs 481 crore. Payout commissions added another Rs 55 crore, while commission income from other services contributed the rest Rs 103 crore. With other income of around Rs 1 crore, the Bengaluru-based company posted a total income of Rs 641 crore in the last fiscal year. On the expense side, payment gateway processing cost accounted for 53% of the total expense, decreasing by 2% to Rs 419 crore in FY25 from Rs 427 crore in FY24. The company’s other key expense items include employee benefits, marketing, and technology investments. Its marketing expenses notably surged 150% to Rs 20 crore in FY25. The firm’s employee benefits costs remained flat at Rs 243 crore in FY25 compared to Rs 245 crore in FY24. Depreciation, finance cost and other overheads added another Rs 80 crore to the rising expenses. In the end, Cashfree’s total costs increased 2% to Rs 795 crore from Rs 779 crore last year. Although top-line performance remained stable, the company’s net loss widened 14% to Rs 154 crore from Rs 135 crore in the previous fiscal. Its EBITDA loss increased to Rs 132 crore, pushing the EBITDA margin down to -20.63% from -17.42% the previous year. In the coming year, Cashfree is expected to reduce its marketing expenses to lower losses and strengthen its financial position in FY26. The ban on real money gaming platforms is also expected to affect the business of payments firms including Cashfree significantly in the ongoing fiscal year. Ahead of FY26, Cashfree raised $53 million in a round led by Krafton, marking its first funding in nearly four years. Overall, the company has raised $95 million from investors including Y Combinator, Smilegate Investments, and the State Bank of India.

Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable

EntrackrEntrackr · 27d ago
Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable
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Fintrackr All Stories Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable Bengaluru-based SaaS firm Amagi's financials show that the company turned profitable in the first half of FY26, aided by strong revenue growth and improving cost efficiency. Amagi’s operating revenue grew 34.5% to Rs 705 crore in H1 FY26 from Rs 524 crore in H1 FY25, according to its financial statements included in the Red herring prospectus (RHP). The company derives the bulk of its revenue from distribution and payout services, which contributed nearly 98% of operating revenue. Income from this segment rose 36% to Rs 690 crore during the period. Revenue from AdPlus remained largely flat at Rs 15 crore. Including other income of Rs 29 crore, Amagi’s total income increased to Rs 734 crore in H1 FY26 from Rs 551 crore in H1 FY25. Employee benefit expenses, the largest cost component, rose 12.5% to Rs 386 crore and accounted for over 53% of total expenditure. Communication costs increased 32.5% to Rs 216 crore, forming nearly 30% of overall expenses. Other overheads such as legal and professional charges declined to Rs 27 crore, while travel and other expenses together added Rs 71 crore during the period. Overall, total expenses increased at a slower pace of 18.2% to Rs 722 crore in H1 FY26 from Rs 611 crore in H1 FY25. With Amagi’s revenue outpacing the expense growth, it turned profitable in the first half of FY26 and posted a profit of Rs 6.5 crore in H1 FY26, as compared to a loss of Rs 66 crore in H1 FY25. As of September 2025, the Bengaluru-based firm reported cash and bank balances of Rs 397 crore, while its current assets stood at Rs 1,177 crore.

Upstox posts Rs 1,208 Cr income and Rs 215 Cr profit in FY25

EntrackrEntrackr · 14d ago
Upstox posts Rs 1,208 Cr income and Rs 215 Cr profit in FY25
Medial

Upstox posts Rs 1,208 Cr income and Rs 215 Cr profit in FY25 Stockbroking firm Upstox reported flat revenue in the fiscal year ended March 2025, but improved profitability by 21.5% to Rs 215 crore, driven largely by higher non-operating income. Upstox’s revenue from operations remained flat at Rs 945 crore in the fiscal year ended March 2025, compared to Rs 951 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Upstox provides retail investors with investment options, including stocks, IPOs, futures & options (F&O), commodities, currencies, fixed deposits, peer-to-peer lending, government bonds, non-convertible debentures (NCDs), gold, and insurance. As of December 2025, Upstox has 2.08 million active clients with a market share of 4.64%. Brokerage income remained the company’s primary revenue stream at Rs 767 crore, which formed over 81% of total income. Depository operations added Rs 65 crore, while the remaining Rs 113 crore came from management services and other operating income. The company also reported Rs 263 crore in non-operating income, for which no detailed breakup was provided. Including this, the company’s total income for FY25 stood at Rs 1,205 crore. On the cost front, advertising and business promotion expenses remained the largest cost head for the stockbroking firm, accounting for over 47% of total expenses at Rs 467 crore. This spend was largely flat compared to Rs 455 crore in FY24. Upstox’s employee benefit expenses rose 11% year-on-year to Rs 211 crore, including Rs 13.6 crore in non-cash ESOP costs, while legal and professional expenses declined 8% to Rs 123 crore. Other overheads, including finance costs, depreciation and amortisation, travel, and miscellaneous expenses, pushed the company’s total expenses to Rs 991 crore in the last fiscal year, which grew 6% from Rs 935 crore in FY24. Overall, while Upstox’s revenue and expenses remained largely flat in FY25, a Rs 103 crore increase in non-operating income helped the company post a 21.5% rise in profit to Rs 215 crore, compared to Rs 177 crore in FY24. The company’s ROCE and EBITDA margin stood at -0.45% and 0.98% respectively in FY25, with a positive EBITDA of Rs 9 crore. As of March 2025, its current assets totaled Rs 4,029 crore, including a healthy cash and bank balance of Rs 2,744 crore. Upstox has raised over $200 million to date and was last valued at $3.5 billion. Data from startup intelligence platform TheKredible shows Tiger Global as the largest external shareholder with a 38.54% stake. Upstox competes with players such as Zerodha, Groww, and Angel One. In FY25, Zerodha reported revenue of Rs 8,847 crore with a profit of Rs 4,237 crore, while Groww posted a 50% year-on-year rise in revenue to Rs 3,902 crore. Angel One reported revenue of Rs 5,238 crore during the year.

MamEarth-parent Honasa posts Rs 1,920 Cr revenue, Rs 110 Cr PAT in FY24

EntrackrEntrackr · 1y ago
MamEarth-parent Honasa posts Rs 1,920 Cr revenue, Rs 110 Cr PAT in FY24
Medial

Honasa Consumer Ltd, the parent firm of the D2C brand MamaEarth, showcased a 28.7% year-on-year growth to near Rs 2,000 crore revenue threshold in FY24. The Gurugram-based firm also posted Rs 110 crore PAT in the same period marking a big turnaround as compared to over Rs 100 crore loss in FY23. Honasa’s revenue from operations grew to Rs 1,920 crore in FY24 from Rs 1,492 crore in FY23, its consolidated financial statements sourced from Bombay Stock Exchange (BSE) show. On a sequential basis, the firm saw a modest 3.7% decrease in revenue to Rs 471 crore in Q4 FY24 from Rs 488 crore in Q3 FY24. The sale of beauty, personal care, and related products across skin, hair, and baby care was the sole source of revenue for Honasa. It also made Rs 48 crore from the interest and gain of financial assets, tallying the total revenue to Rs 1,970 crore in FY24. For the D2C brand, its marketing cum advertisement cost is likely to be the largest cost center but the company didn’t disclose the complete expense breakdown while the cost of procurement of materials formed 31.8% of the overall expenditure. Its employee benefits, finance, depreciation, legal, conveyance, and other overheads took the overall expenditure to Rs 1,822 crore in FY24 from Rs 1,501 crore in FY23. The decent scale and controlled costs helped Honasa post a Rs 110 crore profit in FY24 from a loss of Rs 151 crore in FY23. Its ROCE and EBITDA margins improved to 13% and 9.5%, respectively. On a unit level, it spent Rs 0.95 to earn a rupee in FY24. Note 1: The significant loss of Rs 151 crore in FY23 was attributed to the write-off of its Rs 154 crore investment in Just4kids (Momspresso) which was acquired to expand content and influencer management capabilities. Note 2: Honasa has also encountered a legal suit in the UAE in relation to some distribution agreements with RSM General Trading LLC. The company claimed Rs 100 crore of damages from Honasa Ltd. Further, the court in the UAE also ordered Honsa to pay Rs 57.6 crore plus interest. The company, however, is in the process of making an appeal.

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