🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Geneimode Trims FY25 Loss By 35% To INR 51 Cr

Inc42 · 2d ago

Geneimode Trims FY25 Loss By 35% To INR 51 Cr

Geniemode, a Tiger Global-backed online B2B ecommerce platform, reduced its net loss to INR 50.7 crore in FY25, marking a 35% improvement from INR 77.6 crore the previous year. This improvement is attributed to a 21% increase in operating revenue, which reached INR 672.6 crore, up from INR 556.2 crore. Including an additional income of INR 5.7 crore, the startup’s total revenue experienced a 20% year-over-year growth, amounting to INR 678.4 crore.

3

Related News

PhysicsWallah FY25: Loss Down 78% To INR 243 Cr, Revenue Nears INR 3,000 Cr Mark

Inc42 · 1m ago

PhysicsWallah FY25: Loss Down 78% To INR 243 Cr, Revenue Nears INR 3,000 Cr Mark

Edtech giant PhysicsWallah, preparing for its IPO, cut its consolidated net loss by 78% to INR 243.3 Cr in FY25, down from INR 1,131.1 Cr in FY24. Despite this improvement, the FY25 loss remained nearly three times the loss posted in FY23. The Alakh Pandey-led company's operating revenue increased by 49% to INR 2,886.6 Cr, with most revenue sourced domestically, while the international business saw a 61% increase to INR 35.5 Cr.

Aequs FY25: Loss Soars 7X YoY To INR 102 Cr

Inc42 · 26d ago

Aequs FY25: Loss Soars 7X YoY To INR 102 Cr

Bengaluru-based contract manufacturing startup Aequs reported a significant increase in its net loss for FY25, reaching INR 102.3 Cr—an escalation of 618.7% from last fiscal's INR 14.2 Cr. The increased loss is primarily attributed to an impairment loss on goodwill amounting to INR 48.3 Cr for its subsidiary, Aequs Force Consumer Products Pvt Ltd. Additionally, revenue from operations declined by 4.19%, totaling INR 924.6 Cr in FY25 compared to the previous year.

GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25

Entrackr

Entrackr · 14d ago

GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25

Fintrackr All Stories GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25 GenieMode continued to grow during the fiscal year ending March 2025. The firm crossed the Rs 650 crore gross merchandise value (GMV) milestone, while controlled expenses helped narrow its losses by 35% year-on-year in FY25. The company’s gross revenue grew 21% to Rs 673 crore in FY25 from Rs 556 crore in FY24, its consolidated financial statement sourced from the Registrar of Companies (RoC) shows. GenieMode is a business-to-business cross-border e-commerce marketplace for buyers in furniture, home textile, apparels and accessories. The sale of these goods accounted for 98% of its income, which increased by 20% year-on-year to Rs 657 crore in FY25 from Rs 549 crore in FY24. The company’s largest expense was the cost of materials, which accounted for 75% of the total cost. This expense rose 18% to Rs 551 crore in FY25 from Rs 467 crore in FY24. On the other hand, employee benefit expenses decreased 13% to Rs 69 crore in FY25 from Rs 79 crore in FY24. While legal and professional fees rose 41% to Rs 38 crore, finance costs more than doubled to Rs 14.5 crore. Other expenses added the remaining Rs 51.5 crore, pushing total costs to Rs 731 crore in FY25. In the end, GenieMode managed to cut its loss by 35% to Rs 51 crore in FY25 from Rs 78 crore in FY24. Its ROCE and EBITDA margin stood at -10.76% and -7.58%, respectively. On a unit basis, the company spent Rs 1.09 to earn a rupee of operating revenue in the last fiscal year. On a balance sheet front, the Gurugram-based company recorded total assets of Rs 690.5 crore in FY25 while current assets were Rs 544 crore including Rs 42 crore in cash and bank balances. According to TheKredible, GenieMode has raised $92 million of funding till date, having Info Edge, Tiger Global and Multiples Equity as its lead investors. The company’s co-founders Amit Sharma and Tanuj Gangwani own 39% of the company.

Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses

Entrackr

Entrackr · 3m ago

Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses

Tata 1mg, the digital healthcare platform backed by Tata Digital, continued its growth trajectory in the fiscal year ending March 2025 while straining its losses. Tata 1mg’s consolidated revenue rose 22% to Rs 2,392 crore in FY25 from Rs 1,968 crore in FY24, according to Tata Sons’ Annual Report for the fiscal year. Tata 1mg is a health tech startup for online orders of allopathic, ayurvedic, homeopathic medicines, vitamins, nutrition supplements, and other health products, delivered to the home. 1mg’s revenue was split across two entities: Tata 1mg Technologies, which clocked Rs 2,016.5 crore, and Tata 1mg Healthcare Solutions, which contributed Rs 375.5 crore in FY25. The company's total cost rose by 17% to Rs 2682 crore in FY25, up from Rs 2303 crore in FY24. The Gurugram-based company posted a consolidated loss of Rs 276 crore in FY25, 12% lower than the Rs 313 crore loss reported in FY24. On a unit basis, the company spent Rs 1.12 to earn a rupee of operating revenue in FY25. On the asset side, Tata 1mg reported total assets of Rs 2,025 crore at the end of FY25 while its total liabilities reached Rs 1,190 crore. In the e-health space, Tata 1mg competes with Reliance-backed Netmeds, PharmEasy, and Apollo 24/7. Tata Digital acquired a 55% stake in 1mg in June 2021 but has since gained around 8.5% additional stake in the e-medicine platform. According to TheKredible, Tata Digital currently holds a 63.5% stake in 1mg, which was last valued at 1.25 billion. Tata Digital reported a standalone revenue of Rs 546.9 crore and a loss of Rs 827.5 crore in FY25, indicating continued investment in its digital commerce bets including 1mg and other verticals such as BigBasket, Cult.fit, and the recently launched Tata Neu.

Purplle’s FY23 sales inch closer to INR 500 Cr mark, loss widens to INR 230 Cr

Inc42 · 1y ago

Purplle’s FY23 sales inch closer to INR 500 Cr mark, loss widens to INR 230 Cr

Beauty ecommerce marketplace Purplle saw a significant increase in its operating revenue, reaching INR 474.9 crore in FY23, up by 116% from FY22. However, the startup's net loss also grew by 13% to INR 230 crore during the same period. The company's EBITDA margin improved to -41.56% from -84.9% in the previous fiscal year. Purplle earns revenue through product sales, advertising, and other sources, with revenue from the sale of its products accounting for 51% of its operating revenue.

Cashfree's FY25 Loss Widens 14% To INR 154 Cr As Revenue Slips

Inc42 · 1m ago

Cashfree's FY25 Loss Widens 14% To INR 154 Cr As Revenue Slips

Fintech company Cashfree Payments reported a net loss of INR 154.1 crore for the fiscal year FY25, a 14% increase from INR 135 crore in FY24. This loss stems from a stagnation in revenue and a slight rise in expenses. The company's operating revenue slightly decreased to INR 640 crore from the previous year's INR 642.7 crore. Additionally, Cashfree's EBITDA loss grew to INR 131 crore, expanding its negative EBITDA margin to -20%.

Lendingkart posts Rs 118 Cr profit after tax in FY23

Entrackr

Entrackr · 1y ago

Lendingkart posts Rs 118 Cr profit after tax in FY23

Lendingkart, the MSME-focused digital lending platform, reported its first-ever profits of INR 118 crore in the fiscal year ending March 2023. The firm's revenues grew by 29.5% to INR 798 crore in FY23, with interest received from loans forming 51% of its operating revenue. Lendingkart's expense breakdown included a flat finance cost of INR 250 crore, while employee benefit costs increased by 57%. The company's deep cost-cutting measures resulted in a notable profit in FY23, compared to a loss in the previous fiscal year.

Tiger Global-Backed OkCredit Narrows FY25 Loss By 34% To INR 23 Cr

Inc42 · 2d ago

Tiger Global-Backed OkCredit Narrows FY25 Loss By 34% To INR 23 Cr

In FY25, OkCredit, a Bengaluru-based fintech startup backed by Tiger Global, reduced its net loss by 34% to INR 23.2 crore from INR 35.1 crore in FY24. The company achieved this through a significant increase in its top line and improved margins, with operating revenue rising 64% to INR 23.3 crore. OkCredit's total income grew to INR 25.2 crore, aided by other income climbing 32% to INR 1.9 crore.

Pine Labs’ FY23 operating revenue grows 37% to INR 1,280 Cr, net loss doubles

Inc42 · 1y ago

Pine Labs’ FY23 operating revenue grows 37% to INR 1,280 Cr, net loss doubles

Fintech unicorn Pine Labs reported a consolidated net loss of INR 56.2 crore ($8 million) in the 2022-23 financial year, more than double the net loss of INR 22.6 crore ($3 million) in the previous year. The company's operating revenue surpassed INR 1,000 crore ($136 million), growing 37% to INR 1,280.5 crore ($174 million). Pine Labs generates revenue from digital payments and issuing businesses, with revenue from sale of services reaching INR 1,013.8 crore ($138 million) in FY23. The company's revenue from India grew 37% to INR 1,253.7 crore ($170 million), while income from global markets increased 51% to INR 268.7 crore ($36 million).

DroneAcharya Posts INR 15 Cr Loss In H2 FY25 Amid Topline Collapse & Regulatory Scrutiny

Inc42 · 29d ago

DroneAcharya Posts INR 15 Cr Loss In H2 FY25 Amid Topline Collapse & Regulatory Scrutiny

DroneAcharya reported a significant financial downturn in H2 FY25, with a net loss of INR 15.1 Cr compared to a profit of INR 2.2 Cr in the previous year. The company experienced a 47% decrease in operating revenue, shrinking from INR 14.3 Cr in H2 FY24 to INR 7.6 Cr. This downturn continued from H1 FY25's 72% top-line drop from INR 26.9 Cr, resulting in a marginal 1.9% annual revenue decline.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

How to Build an AI Startup: Go Bi ...

Rise of the Killer Chatbots ...

Lenskart sets IPO price band at R ...

Download the medial app to read full posts, comements and news.