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Housing.com parent firm REA India's revenue rises 46% to over Rs 430 crore
Economic Times
·
1y ago
Medial
Indian proptech firm REA India, which owns real estate portals Housing.com, PropTiger, and Makaan.com, reported a 46% increase in revenue to over INR 430 crore (around $58 million) for the fiscal year ending June 2023, compared to nearly INR 300 crore in the previous fiscal year. The revenue surge was attributed to increased housing demand and greater adoption of technology in the real estate sector. Most of the revenue came from Housing.com, which has experienced significant traffic growth, driven by increased digital adoption and demand for homeownership amid the pandemic.
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Related News
Housing to make strategic investment in home loan online marketplace Easiloan
Economic Times
·
1y ago
Medial
Real estate portal Housing.com plans to make a strategic investment in Easiloan, a fintech startup that digitizes the home loan process. Easiloan offers personalized home loan solutions through collaborations with 20 Indian banks. The investment amount and the stake acquired by Housing.com have not been disclosed. With the Indian housing credit expected to grow significantly in the coming years, this partnership aligns with Housing.com's goal of providing comprehensive real estate services. REA India, the parent company of Housing.com, saw a 46% increase in revenue in the last fiscal year.
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Policybazaar parent records 5.5X growth in net profit in FY25 as insurance premiums rise
YourStory
·
3m ago
Medial
PB Fintech, parent company of Policybazaar, saw a 38% year-on-year increase in Q4 FY25 revenue, reaching Rs 1,508 crore, with insurance revenue up 46%. Insurance premiums grew 37% YoY to Rs 7,030 crore, driven by new health policies. The annual profit after tax jumped 5.5 times to Rs 353 crore, with a PAT margin of 7%. FY25 operating revenue increased 45% to Rs 4,977 crore, maintaining about 40% growth over the past eight quarters.
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Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20%
Entrackr
·
3m ago
Medial
Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20% Digital payments firm Infibeam has reported a 62% increase in revenue during the fourth quarter of the last fiscal year (Q4 FY25), while its year-on-year profit rose by 20%. Infibeam’s revenue from operations increased to Rs 1,160 crore in Q4 FY25 from Rs 716 crore in Q4 FY24, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Infibeam’s operating revenue increased 27% to Rs 3,992 crore in FY25 from Rs 3,150 crore in FY24. Payment business accounted for 95% of its total collection which increased by 64% to Rs 1,098 crore in Q4 FY25. Meanwhile, there was a 35% increase in the e-commerce platform business, which rose to Rs 62 crore. The Ahmedabad-based firm recorded a total revenue of 1,180 crore in Q4 FY25. For the full fiscal year (FY25), its total income stood at Rs 4,066 crore. Infibeam operates a diversified digital platform, with a primary focus on digital payments and e-commerce solutions. On the cost side, the company’s total expenses rose by 66% to Rs 1,104 crore in Q4 FY25. For the digital payment firm, its payment processing was the largest cost center, rising by 68% to Rs 1,025 crore. Employee benefits increased by 30% to Rs 39 crore, while depreciation cost grew 6% to Rs 18 crore. Infibeam Avenues also incurred Rs 22 crore on other undisclosed expenses in the said quarter. For the fiscal year ending March 2025, the firm’s total expenses increased to Rs 3,768 crore. In the end, the company reported profit after tax of Rs 55 crore in Q4 FY25, 20% up from Rs 46 crore in Q4 FY24. On a fiscal year basis, its profit increased to Rs 236 crore in FY25 from Rs 156 crore in FY24. At 15:31 PM today, its market cap stood at Rs 5,579 crore while the firm’s stock was trading at Rs 20.
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Sharechat parent firm Mohalla loss narrows to Rs 1,897.63 in FY24
Economic Times
·
7m ago
Medial
Homegrown social media platform ShareChat's parent company, Mohalla Tech, reduced its consolidated loss to Rs 1,897.63 crore in FY2024, down from Rs 5,143.42 crore the previous year, as reported by Tofler. Total income rose by 4% to Rs 747.08 crore. Standalone revenue grew by 33% to Rs 718.1 crore, while expenses decreased by 46% to Rs 2,511.69 crore, resulting in standalone losses narrowing to Rs 1,763.65 crore from Rs 4,064.31 crore.
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Lender Oxyzo’s revenue rises 34% to Rs 1,207 crore in FY25; net profit up 17%
Economic Times
·
3m ago
Medial
Oxyzo Financial Services, associated with OfBusiness, reported a 33.6% increase in operating revenue, reaching Rs 1,207 crore for the fiscal year 2025, mainly due to a 32% rise in interest income. Net profit grew by 16.7% to Rs 339.1 crore. The company, majorly owned by OfBusiness, provides credit facilities to its customers. Despite the revenue growth, total expenses rose by 46%. OfBusiness plans an IPO, potentially raising $750 million to $1 billion.
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PhonePe rival Paytm Q3FY24's revenue rises to Rs 2,850Cr; Know the losses
IndianStartupNews
·
1y ago
Medial
Paytm's parent company One97 Communications has reported a 38% year-over-year increase in revenue, reaching Rs 2,850.5 crore in Q3 FY24. The significant growth was driven by a rise in the payments business, which saw a 45% increase in revenue. Paytm also witnessed a reduction in losses, narrowing down to Rs 221.7 crore. The company plans to introduce new use cases like Credit on UPI and Autopay, expand high-ticket loans, and venture into embedded insurance and merchant insurance.
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Oil India shares hit 52-week high amidst robust profit, revenue growth
Money Control
·
1y ago
Medial
Oil India Ltd shares surged by 6.6%, reaching a 52-week high of Rs 654. The company reported a year-on-year increase in its consolidated net profit and revenue for the quarter ending in June. The stock has gained over 88% in the past six months, outperforming the Nifty 50 index. During Q1 FY25, Oil India's net profit rose by 32% to Rs 1,886 crore, while revenue increased by 46% to Rs 9,351 crore. All six segments of the company experienced an annual revenue growth. The EBITDA margin for the quarter contracted to 43.8% compared to 53.5% a year ago.
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Fintech firm Instamojo turns profitable with Rs 8.26 crore profit in FY23: Report
IndianStartupNews
·
1y ago
Medial
Instamojo, a fintech firm that previously reported a loss of Rs 1.1 crore, has become profitable with a profit of Rs 8.26 crore in the financial year 2023. Despite transitioning from a payment solution provider to a Direct-to-Consumer technology platform, the company maintained steady operational revenue of Rs 46 crore. Instamojo reduced expenses significantly, contributing to its profitability. The firm's payment business model has also adapted after its license application was returned, and it now partners with licensed payment aggregators. Instamojo has raised over $8 million in funding from various investors.
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Proptech firm Square Yards turns operationally profitable as FY25 revenue jumps 40%
VCCircle
·
3m ago
Medial
Square Yards, a real estate marketplace supported by Kae Capital and Times Group, reported operational profitability in FY25 as its revenue jumped 40% to Rs 1,410 crore ($170 million). The proptech firm, led by CEO Tanuj Shori, achieved an EBITDA of Rs 46 crore and gross profit growth of 52%. With operations in multiple countries, Square Yards forecasts a significant EBITDA increase and sustained revenue growth for FY26.
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Honasa clarifies quantum of unsold inventory in response to claims by distributors body
YourStory
·
9m ago
Medial
Honasa Consumer, the parent company of Mamaearth, has revealed that its distribution value chain holds an inventory of Rs 40.69 crore, contradicting the All India Consumer Products Distributors Federation's claim of near-expiry inventory valued at Rs 300 crore. The company stated that it has received returns worth Rs 41.21 crore and is in the process of collecting the remaining Rs 21.32 crore from relevant distributors. Honasa successfully transitioned to a direct distribution model, removing super-stockists and sub-distributors, and reduced accounts receivables from Rs 46 crore to Rs 25 crore. The company's shares have been adversely affected by a loss of Rs 18.71 crore in Q2 2024 and a 7% decline in revenue.
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