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

News on Medial

Related News

Info Edge posts Rs 729 Cr revenue in Q2 FY26

EntrackrEntrackr · 20d ago
Info Edge posts Rs 729 Cr revenue in Q2 FY26
Medial

Info Edge (India) Ltd, the parent company of Naukri.com, 99acres, and Jeevansathi, reported a 12% increase quarter-on-quarter in its revenue to Rs 729 crore for the quarter ended September 2025. Revenue from Naukri.com accounted for 76% of the total income, which grew 11% to Rs 545 crore in Q2 FY26 from Rs 492 crore in Q2 FY25. Meanwhile, its real estate vertical, 99acres, recorded a 14% QoQ jump in revenues to Rs 122.4 crore in Q2 FY26. The other segment, which includes platforms such as Shiksha and Jeevansathi, saw the highest growth at 21%, reaching Rs 61.6 crore during the quarter. For the half-year ended September 2025, Info Edge’s total revenues grew 12% year-on-year to Rs 1,373.2 crore in H1 FY26 from Rs 1229.7 crore in H1 FY25. During the first half of FY26, recruitment solutions accounted for 74% of the revenue, which rose 10% to Rs 1,015.3 crore from Rs 923.4 crore in H1 FY25. 99acres rose 15.1% to Rs 216.8 crore in H1 FY26 from Rs 188.4 crore in H1 FY25. Meanwhile, the other verticals including Shiksha and Jeevansathi recorded a 19.7% growth to Rs 141.1 crore. Info Edge Ventures is also set to lead ShipGlobal’s pre-Series A round, investing in 2,143 preference shares for Rs 15 crore. Post this, Info Edge will hold 23.81% of ShipGlobal. Info Edge had also announced an investment of Rs 12 crore in its wholly-owned subsidiary, Zwayam Digital Private Limited, which operates in the SaaS space, offering sourcing and screening recruitment solutions. For the first quarter, the company’s operating revenue rose to Rs 791 crore in Q1 FY26 from Rs 677 crore in Q1 FY25, while its profit grew by 32% to Rs 343 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. As of 15:15 PM, Info Edge is trading at Rs 1,347, down 1.5% from today’s opening price. The firm’s market capitalization stands at Rs 86,966 crore.

PhonePe Group exits Account Aggregator business

EntrackrEntrackr · 8m ago
PhonePe Group exits Account Aggregator business
Medial

PhonePe Group exits Account Aggregator business PhonePe Group on Friday announced its decision to exit the Account Aggregator business and instead partner with other account aggregators in the market. According to the company, it will surrender its NBFC-AA license to the RBI and has initiated the wind-down of its account aggregator operations. “We will be reaching out to our AA user base shortly to inform them of our decision and assist them as per regulatory guidelines,” the company said in a press release. In 2023, the Walmart-owned company received in-principle approval from the RBI to operate as an Account Aggregator, followed by the final license in June 2023. “We feel proud that we have managed to register nearly 5 crore Indians onto our AA platform in less than two years. However, due to competing priorities, we have not been able to onboard as many financial information providers (FIPs) to our platform as we would have liked,” the company said. PhonePe is the largest player in the UPI ecosystem with nearly 50% market share and the Sameer Nigam-led company reported more than Rs 5,000 crore in revenue in FY24. The company's losses declined by 28.6% to Rs 1,996 crore during the period.

Yubi records Rs 660 Cr revenue in FY25; adjusted EBITDA improves 55%

EntrackrEntrackr · 5d ago
Yubi records Rs 660 Cr revenue in FY25; adjusted EBITDA improves 55%
Medial

Yubi records Rs 660 Cr revenue in FY25; adjusted EBITDA improves 55% Fintech company Yubi (formerly CredAvenue) saw a 36% year-on-year growth in operating revenue in FY25 and improved its profitability metrics. Significantly, the Chennai-based company reduced its adjusted EBITDA losses by 55% in the fiscal year ended March 2025. According to its consolidated annual financial statements sourced from the Registrar of Companies (RoC), Yubi’s revenue from operations rose to Rs 660 crore in FY25 from Rs 484 crore in FY24. Yubi operates as a debt marketplace and infrastructure platform, connecting enterprises with banks and NBFCs for term loans, working capital, and other debt products. Transaction fees from successful loan closures remained the major revenue driver, contributing 48% of total operating revenue, which surged 55% to Rs 318 crore in FY25. Other income streams included platform services of Rs 98 crore, collection services of Rs 181 crore, and corporate database services of Rs 66 crore. The Peak XV Partners-backed company also earned Rs 53 crore from bank deposits and interest income, taking its total income to Rs 713 crore in FY25, up from Rs 562 crore in FY24. With respect to expenses, employee benefits continued to be the largest cost component, forming around 40% of total expenditure, and rose to Rs 439 crore in FY25. This includes a non-cash ESOP expense of Rs 160 crore. Yubi’s information technology costs and sales & marketing expenses stood at Rs 103 crore and Rs 32 crore, respectively. The debt marketplace’s total expenditure increased to Rs 1,116 crore in FY25, compared to Rs 939 crore in FY24. Consequently, Yubi reported a net loss of Rs 416 crore for the fiscal year. However, after excluding non-cash items such as ESOP costs, depreciation, and loss of net fair value changes, its adjusted EBITDA improved by 55%, narrowing to Rs 68.83 crore in FY25 from Rs 155 crore in FY24. Operationally, Yubi claims its lending platform facilitates nearly 80,000 loan transactions daily. The company’s MENA region’s business grew 200% during the year, and it is now expanding into Southeast Asia while preparing to enter the U.S. market in the coming year. To date, Yubi has raised over $250 million, including a $135 million Series B round that brought it to unicorn status. The company counts Vivitri Capital, Peak XV Partners, TVS Capital, Lightspeed, B Capital, Lightrock, Insight Luxembourg, and others among its investors.

MobiKwik’s Zaakpay ​​receives RBI nod to operate as online payment aggregator

EntrackrEntrackr · 6m ago
MobiKwik’s Zaakpay ​​receives RBI nod to operate as online payment aggregator
Medial

MobiKwik’s Zaakpay ​​receives RBI nod to operate as online payment aggregator. Fintech company MobiKwik announced today that its subsidiary, Zaakpay, has received a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This regulatory approval allows Zaakpay to expand its role in India’s rapidly growing digital payments ecosystem. As an RBI-authorised payment aggregator, Zaakpay will now be able to onboard merchants and facilitate online payment transactions in compliance with the central bank’s guidelines. In a regulatory filing, the company emphasized that this milestone enhances Zaakpay’s capacity to scale its operations and deepen its presence in the digital payments market. Recently, the Gurugram-based company forayed into the securities broking space with the launch of its wholly owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL). As of Q3 FY25, MobiKwik’s registered user base had grown to 172 million, along with a merchant network of 5 million. In the third quarter of the previous fiscal year, it reported revenue of Rs 269 crore and a loss of Rs 55.2 crore.

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