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Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink

EntrackrEntrackr · 2m ago
Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink
Medial

Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink FY25 stood out as an exceptional year for Purplle. The company more than doubled its operating revenue to Rs 1,367 crore in FY25 from Rs 680 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Founded in 2012, Purplle operates through a dual business model comprising a third-party marketplace and a growing portfolio of private labels. Its owned brands include Faces Canada, Good Vibes, Alps Goodness, Carmesi, and DermDoc. The company’s online platform caters to over 10 million monthly active users, supported by nearly 20,000 offline touchpoints across India. A closer look at revenue composition shows that the sale of owned-brand products remained the primary growth engine, contributing 82.5% of operating revenue. Income from this segment surged 4X to Rs 1,129 crore in FY25. In contrast, marketing income declined 22.2% to Rs 225 crore during the year. Purplle also reported Rs 45 crore in other income, largely from interest, taking its total income to Rs 1,409 crore in FY25. Among its subsidiaries, Manash E-Commerce Private Limited emerged as the largest contributor, generating Rs 989 crore in revenue during FY25. Faces Canada contributed Rs 373 crore, while Newgen Internet Private Limited (Glamrs) added Rs 4 crore to Purplle’s operating income. On the expense front, procurement costs jumped 5.6X to Rs 671 crore in FY25. Employee benefit expenses declined by 7% to Rs 176 crore during the year. Advertising remained significant, with Purplle spending Rs 218 crore, while transportation expenses stood at Rs 100 crore. At a unit level, Purplle spent Rs 1.08 to earn every rupee of operating revenue in FY25. Its EBITDA margin and ROCE improved to -7% and -4.1%, respectively. As of March 2025, the company’s current assets stood at Rs 1,377 crore, including cash and bank balances of Rs 273 crore on a consolidated basis. To date, Purplle has raised over $500 million in funding, including a $180 million Series F round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation from existing investors such as Premji Invest and Blume Ventures.

Fintech startup WeRize reports Rs 236 Cr revenue in FY25; profit doubles

EntrackrEntrackr · 16d ago
Fintech startup WeRize reports Rs 236 Cr revenue in FY25; profit doubles
Medial

Fintech startup WeRize reports Rs 236 Cr revenue in FY25; profit doubles Following a more than two-fold growth in FY24, the British International Investment (BII)-backed fintech platform WeRize sustained strong scale in the fiscal year ended March 2025. At the same time, the net profits for the Bengaluru-based firm doubled. WeRize’s revenue from operations surged 64% to Rs 236 crore in FY25 from Rs 144 crore in FY24, its consolidated financial statements sourced from the Registrar of Companies shows. Founded by Vishal Chopra and Himanshu Gupta, WeRize offers mortgages, unsecured credit, insurance, and savings products to over 300 million individuals across 5,000+ small cities. Its “Social Shopify of Finance” model enables 10,000+ freelancers across 2,500+ cities to distribute financial products within their networks, eliminating the need for a field force or branches. The company provides loans and group insurance via its NBFC arm (Wortgage Finance) and partners such as Vivitri Capital and InCred. Revenue from interest on loans accounted for 46% of the total operating revenue. It earned Rs 109 crore from interest, while the loan processing fee brought Rs 39 crore in FY25. The company also booked Rs 74 crore from the sale of services. The rest of the revenue earned through other operating sources, such as interest on FDs, bad debts recovery. WeRize also made Rs 4 crore from non-operating activities and took its total income to Rs 240 crore in FY25. For the lending startup, employee benefit expenses remained the largest cost component, accounting for 29% of total expenditure and rose 50% to Rs 66 crore in FY25. This was followed by performance payouts to its network of financial consultant freelancers, which grew 93% year-on-year to Rs 54 crore in the last fiscal year. The company’s finance cost also surged 2.5X to Rs 25 crore in the previous fiscal, while legal and professional fees stood at Rs 30 crore. Other overheads, including subscription fees and travel expenses, added Rs 52 crore, which pushed total costs by 61% to Rs 227 crore from Rs 141 crore in FY24. As both expenses and revenue grew at a similar pace, with revenue slightly outpacing, the firm doubled its profit to Rs 10 crore in FY25 from Rs 5 crore in FY24. The company’s ROCE and EBITDA margin improved to 13.08% and 18.64%, respectively. On a unit level, WeRize spent Rs 0.96 to earn a single rupee of operating revenue in FY25. As of March 2025, it had current assets of Rs 267 crore along with cash and bank balance of Rs 87 crore. WeRize has secured around $25.75 million in equity funding from investors such as British International Investment, Sony Japan, 3one4 Capital, and Picus Capital, at a current valuation of $115.5 million.

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

EntrackrEntrackr · 4m 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.

Mokobara revenue doubles to Rs 230 Cr in FY25

EntrackrEntrackr · 2m 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.

Isprava doubles its revenue in FY24 with hefty profits

EntrackrEntrackr · 1y ago
Isprava doubles its revenue in FY24 with hefty profits
Medial

Isprava Group, a luxury home development and rental firm, saw its revenue more than double in the fiscal year ending March 2024. The Mumbai-based company also achieved profitability, marking a notable turnaround. Isprava’s gross revenue from operations surged by 2.3X to Rs 452 crore in FY24 from Rs 196 crore in FY23, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Isprava Group builds and rents luxury homes in prime locations like Goa, Alibaug, and the Nilgiris. In addition to selling homes, they rent them as high-end vacation retreats with services like housekeeping and private chefs. The income from the real estate business accounted for 81.86% of the total operating revenue, which increased 89% to Rs 370 crore in FY24 from Rs 195 crore in FY23. The rest of the income comes from hospitality, which stood at Rs 74.5 crore in FY23. The company made an additional Rs 7 crore from interest income on investments which pushed its total revenue to Rs 458.5 crore in FY24. For the home developer firm, the cost of procurement which includes land, consumption of materials, and other construction costs formed 72% of its overall cost. In the line of scale, this cost surged 94% to Rs 299 crore in FY24 from Rs 154 crore in FY23. Its Employee benefit expenses rose by 3X to Rs 61.7 crore, while advertising costs doubled to Rs 14 crore. Other expenses added another Rs 37.3 crore. Its rent, legal, traveling, and other overheads took the total expenditure to Rs 412 crore in FY24 from Rs 206 crore in FY23. The impressive scale helped Isprava to turn profitable with a significant Rs 63 crore of profits in FY24, compared to a loss of Rs 7.5 crore in FY23. Its ROCE and EBITDA margin improved to 22.64% and 12.45% respectively with an expense-to-earning ratio of Rs 0.91. At the end of FY24, the company had a current asset worth Rs 446 crore including Rs 119 crore of cash and bank balance. Isprava has secured Rs 1,216.95 crore (over $150 million) in funding, including a Rs 160 crore round in January of the previous year. The Darshan Shah Family Trust holds nearly a 40% stake in the company. Prominent investors include the Nadir Godrej Family Office, Burman Family Office, and Symphony International Holdings.

Sachin Bansal's Navi Finserv quadruples standalone PAT in FY24 after subsidiary sale

YourStoryYourStory · 1y ago
Sachin Bansal's Navi Finserv quadruples standalone PAT in FY24 after subsidiary sale
Medial

- Navi Finserv Limited (NFL) reports strong standalone revenue growth of 48.57% in fiscal year 2024 (FY24), reaching Rs 1,906 crore. - On a consolidated basis, NFL's revenue declined by 6.5%, mainly due to divesting its stake in Chaitanya India Fin Credit (CIFCPL) in FY23. - NFL's standalone net profit nearly quadrupled to Rs 668.82 crore in FY24, while the consolidated net profit more than doubled to Rs 545.07 crore. - Total expenses increased by 48.4% on a standalone basis, driven by a significant rise in employee benefit costs. - NFL disbursed Rs 3,097.82 crore under co-lending agreements in FY24 and closed a $38 million personal loans securitisation deal with JP Morgan.

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