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Exclusive: Perfios launches new ESOP plan worth $76 Mn

EntrackrEntrackr ยท 8m ago
Exclusive: Perfios launches new ESOP plan worth $76 Mn
Medial

Exclusive: Perfios launches new ESOP plan worth $76 Mn The board of Perfios has passed a resolution approving the Perfios ESOP Plan 2025, which will consist of 2,05,764 employee stock options, as per regulatory filings accessed from the Registrar of Companies. SaaS-based B2B fintech firm Perfios has introduced a new employee stock option plan named โ€œPerfios Employee Stock Option Plan 2025-A.โ€ The board of Perfios has passed a resolution approving the Perfios ESOP Plan 2025, which will consist of 2,05,764 employee stock options, as per regulatory filings accessed from the Registrar of Companies. Each ESOP option will be converted into equity shares and will have a total vesting period of four years. According to Fintrackrโ€™s estimates, the newly added ESOP plan is valued at approximately Rs 645 crore (around $76 million). According to startup data intelligence platform TheKredible, Perfios has raised a total of Rs 3,644 crore across multiple funding rounds, including Rs 662 crore ($80 million) from Kedaara Capital in March 2024. This investment pushed Perfiosโ€™ valuation beyond $1 billion, making it Indiaโ€™s second unicorn of 2024. The company acquired fraud detection platform CustomerXPS this month in an undisclosed deal and had previously acquired fintech startup Karza Technologies for Rs 600 crore in March 2022. Perfios provides revenue analysis, fraud checks, verification, and automated customer onboarding services to financial institutions in various verticals, including consumer lending, SME lending, and wealth management. The company claims to have a presence in 18 countries and to have powered over 1,200 institutions with its offerings. Perfios has demonstrated strong financial growth, with revenue rising 37% year-on-year to Rs 558 crore in FY24 from Rs 407 crore in FY23. Additionally, the companyโ€™s profits surged 9.2X to Rs 72 crore in FY24.

Wealthyโ€™s revenue surges 72% in FY25, losses touch Rs 35 Cr

EntrackrEntrackr ยท 22d ago
Wealthyโ€™s revenue surges 72% in FY25, losses touch Rs 35 Cr
Medial

Wealthy, an investment advisory and wealth management platform, achieved a 72% year-on-year increase in scale during FY25. This came after a two-fold expansion in the preceding fiscal year (FY24), showing the firm's continued growth momentum. Wealthyโ€™s revenue from operations grew to Rs 25 crore in FY25 from Rs 14.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Revenue from brokerage services was its largest stream which accounted for 56% of the total income. This income more than doubled to Rs 14 crore in FY25 from Rs 6.3 crore in FY24. Revenue from advisory services brought in Rs 9 crore, a 24% year-on-year increase, while commission income surged 110% to Rs 2 crore during the period. Wealthy also reported Rs 10 crore as non-operating income, pushing its total income to Rs 35 crore in FY25. Employee benefit expenses remained its largest cost center, forming over 53% of the total expenses. This cost grew 23% to Rs 37 crore in FY25 from Rs 30 crore in FY24. Legal and professional fees more than doubled to Rs 9 crore, while commission costs increased 69% to Rs 7.6 crore. Advertising spend also saw a sharp rise of 92% to Rs 2.5 crore in the last fiscal year. Overall, Wealthyโ€™s total expenditure rose 41% year-on-year to Rs 70 crore in FY25 from Rs 49.5 crore in the previous fiscal year. The AWI-backed company recorded a net loss of Rs 35 crore in the last fiscal year, which went up by 46% from Rs 24 crore in FY24. Its ROCE and EBITDA margin stood at -155.17% and -152%, respectively. On a unit level, the firm spent Rs 2.8 to earn a rupee of operating revenue during FY25, compared to Rs 3.41 in FY24. As of March 2025, the Bengaluru-based firm recorded current assets worth Rs 17.5 crore including Rs 7 crore in cash and bank balance. According to startup data intelligence platform TheKredible, Wealthy has raised a total of Rs 117.27 crore including Rs 45 crore in Series B round led by Falcon Edgeโ€™s Alpha Wave Incubation Fund which is the largest stakeholder with close to 23% as of the firmโ€™s Series A. Its co-founders Aditya Agarwal and Prashant Gupta together own 34.5% of the company.

Mosambee touches Rs 240 Cr revenue in FY24; profit surges 87%

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Mosambee touches Rs 240 Cr revenue in FY24; profit surges 87%
Medial

Pine Labs-backed mobile point-of-sale (mPOS) provider Mosambee has continued to demonstrate year-on-year profitable growth. The firm increased its operating scale by over 28% in the fiscal year ending March 2024, while its profit rose by 87% during the same period. Mosambeeโ€™s revenue from operations grew to Rs 240 crore during the last fiscal year, from Rs 187 crore in FY23, its annual financial statements sourced from the Registrar of Companies (RoC) show. Mosambee is an EMV-enabled mPOS system that provides payment solutions for debit credit card transactions along with mobile-based payment options. Income derived from service rental, transaction processing, and settlement formed 68% of the total revenue which increased 52.3% to Rs 163 crore in FY24. The rest of the operating revenue generated from the sale of PoS (point of sale) devices which saw a modest 3.4% decline to Rs 77 crore in the last fiscal year, compared to Rs 80 crore in FY23. On the cost side, the cost of procurement of devices became the largest cost center forming 40% of the overall cost. This cost grew 15.3% to Rs 83 crore in FY24 from Rs 72 crore in FY23. Its employee benefit increased by 5.2% to Rs 61 crore in FY24 which includes Rs 8.7 crore as ESOP cost (non-cash). The firmโ€™s burn on legal, technology, communication, transaction services, and other overheads pushed the total expenditure up by 19.4% to Rs 203 crore in FY24. The decent growth and controlled expenditure helped Mosambee to grow its profits by 86.7% to Rs 28 crore in FY24. Its ROCE and EBITDA margins improved to 31.25% and 23.33%, respectively. Mosambeeโ€™s expense-to-earning ratio stood at Rs 0.85 in the last fiscal year. The company has a total current assets of Rs 296 crore with cash and bank balances of Rs 13 crore during the said fiscal year. In April 2022, Pine Labs acquired a majority stake in Mosambee, boosting its valuation to over $100 million. Prior to this, in February 2022, Mosambee announced its acquisition of Benow, a digital payments and EMI technology platform. However, in March of this year, Mosambee secured a Series B funding round from Rajasthan Venture Capital Fund (RVCF) and SIDBI Venture Capital Ltd.

Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74%

EntrackrEntrackr ยท 13d ago
Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74%
Medial

Moneyview profit grows to Rs 240 Cr in FY25, revenue surges 74% After growing 75% in FY24, online credit platform MoneyView sustained its momentum with a 74% revenue rise in FY25, while profits increased 40% to Rs 240 crore. Following a 75% year-on-year growth in FY24, online credit platform Moneyview maintained its strong growth momentum and posted another 74% YoY increase in its revenue in FY25. At the same time, profits for the Bangalore-based firm grew 40% to Rs 240 crore during the year. Moneyviewโ€™s revenue from operations grew to Rs 2,339 crore in FY25 from Rs 1,342.37 crore in FY25, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview provides personalized credit products such as instant personal loans, credit cards, BNPL, and financial management solutions through partner lenders. Its lending partners include Aditya Birla Capital, Northern Arc, Vivriti Capital, Oxyzo, among others. Income from fees and commissions on loan disbursals was the primary revenue driver for MoneyView, contributing over 63% of its total operating revenue, which increased to Rs 1,486.8 crore in FY25. Interest on portfolio loans surged 2.6X to Rs 789 crore, while interest income on deposits and gains from financial assets added another Rs 63.3 crore. The company also earned Rs 39.4 crore in non-operating income, including net fair value gains on financial instruments, taking its total income to Rs 2,738.5 crore in FY25. For the fintech unicorn, impairment on portfolio loans and write-offs were among its largest expenses, amounting to Rs 346 crore in FY25, nearly three times higher year on year. This included Rs 246 crore in write-offs. Another major cost was the Default Loss Guarantee (DLG) expense at Rs 321.7 crore, representing the amount set aside to cover potential loan defaults under guarantee arrangements with partner banks and NBFCs. Together, these costs accounted for over 32% of total expenses. Finance costs also rose nearly threefold to Rs 370 crore, in line with a similar increase in non-current borrowings, which climbed to Rs 1,201 crore during the year. Employee benefit expenses rose 42% to Rs 222.5 crore in FY25, while outsourcing service costs and transaction processing costs stood at Rs 196.6 crore and Rs 51.7 crore, respectively, during the year. Other overheads, including information technology, legal & professional fees, took the companyโ€™s overall expenses to Rs 2,059.3 crore in FY25. The significant scale-up helped Moneyview grow its profit by over 40% to Rs 240.3 crore in FY25 from Rs 171.1 crore in FY24. On a unit level, the company spent Rs 0.88 to earn a rupee in FY25. As of March 2025, Moneyviewโ€™s current assets stood at Rs 4,198.4 crore, including healthy cash and bank balances of Rs 1,067.7 crore. According to startup data platform TheKredible, the firm has raised over $230 million across multiple rounds from investors including Accel, Tiger Global, and Ribbit Capital, including $4.6 million from Accel and Nexus Venture Partners that turned the company into a unicorn. In June 2025, Moneyview converted into a public entity, indicating its plans to go public. The company is reportedly planning to raise over $400 million (around Rs 3,400 crore) through its initial public offering (IPO).

Auxilo reports Rs 528 Cr revenue and Rs 112 Cr PAT in FY25

EntrackrEntrackr ยท 1m ago
Auxilo reports Rs 528 Cr revenue and Rs 112 Cr PAT in FY25
Medial

Auxilo reports Rs 528 Cr revenue and Rs 112 Cr PAT in FY25 Auxiloโ€™s revenue from operations grew 48.3% to Rs 528 crore in FY25, up from Rs 356 crore in FY24, as per its annual financial statements sourced from the Registrar of Companies. After doubling its revenue in FY24, education-focused non-banking financial company (NBFC) Auxilo has delivered another strong performance in FY25, going past Rs 500 crore in revenue and posting over Rs 100 crore in profit after tax (PAT). The Mumbai-based NBFC provides education loans to students pursuing higher studies in India and abroad. Its offerings cover the complete cost of education, including tuition fees, pre-visa expenses, travel, and other related costs. Interest income formed the bulk of its business, contributing 90.5% of total operating revenue, which grew 49.4% to Rs 478 crore in FY25. Fees, commissions, and other operating income collectively stood at Rs 50 crore during the year. Including other income of Rs 16 crore, Auxiloโ€™s total revenue reached Rs 544 crore in FY25. On the expenditure side, interest costs accounted for 71.5% of total expenses, rising in line with disbursements to Rs 282 crore in FY25. Employee benefits were recorded at Rs 56 crore, while overall costs increased to Rs 394 crore in FY25, compared to Rs 275 crore in FY24. The companyโ€™s controlled cost structure supported profitability, leading to a 62.3% jump in PAT to Rs 112 crore in FY25, against Rs 69 crore in FY24. Auxiloโ€™s expense-to-revenue ratio also improved to 0.75 in FY25. Earlier this year, Auxilo raised Rs 50 crore from Motilal Oswal. Since its inception, it has secured over $100 million across equity and debt. The company competes with other well-funded education-financing players such as Grayquest, Avanse Financial, Financepeer, Propelld, Leap Finance, and Eduvanz.

Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65%

EntrackrEntrackr ยท 26d ago
Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65%
Medial

Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65% Furlenco managed 65% year-on-year revenue growth and kept tight control on expenses. As a result, Furlenco posted a Rs 3 crore profit after tax (PAT) in FY25, compared with a Rs 130 crore loss in FY24. After a tepid performance in the last fiscal year, subscription-based furniture rental firm Furlenco has made a notable comeback in FY25. The Bengaluru-based firm managed 65% year-on-year revenue growth and kept tight control on expenses. As a result, Furlenco posted a Rs 3 crore profit after tax (PAT) in FY25, compared with a Rs 130 crore loss in FY24. Furlencoโ€™s revenue from operations grew to Rs 229 crore in FY25 from Rs 139 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Furlenco provides furniture and home decor for rent along with relocation services. Income from furniture rental services accounted for 91% of the operating revenue, which grew by 61% to Rs 208 crore in FY25. Income from the sale of products (furniture including sofas and beds), more than doubled to Rs 21 crore during the fiscal year ending March 2025. Including other non-operating activities such as treasury gains of Rs 11 crore, its total income rose to Rs 240 crore in FY25. The company streamlined its cost structure and reduced its total expense by 16% to Rs 237 crore in FY25 from Rs 282 crore in FY24. Employee benefits expenses decreased by 35% year-on-year to Rs 31 crore in FY25, while finance costs dropped 41% to Rs 19 crore in FY25. Cost of material, however, rose 33% to Rs 8 crore in FY25. Depreciation on the companyโ€™s furniture rose 29% to Rs 45 crore in FY25 from Rs 35 crore in FY24. With strong revenue growth and lower burn, Furlenco turned profitable and posted a profit of Rs 3 crore in FY25, in contrast to a loss of Rs 130 crore in FY24. Its ROCE and EBITDA margin improved significantly to 5.68% and 24.45%, respectively. On a per-unit basis, the firm spent Rs 1.03 to earn every rupee of operating revenue, compared to Rs 2.03 in FY24. Furlencoโ€™s current assets stood at Rs 106 crore, including cash and bank balances of Rs 32 crore in FY25. According to startup data intelligence platform TheKredible, Furlenco has raised a total of $298 m in funding till date, with Sheela Foam and Lightbox Ventures as its lead investors. The companyโ€™s founder and chief executive, Ajith Mohan Karimpana owns 12% of the company. Furlenco certainly seems to have discovered a better playbook for its business, because numbers like these looked unlikely till last year. While the concept has certainly found takers, operating costs had been too high to offer hope of such a turnaround. So credit to the team for having pulled it off.

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