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Instamojo revenue jumped to Rs 16.4 Cr with minor losses in FY18
Entrackr
·
1y ago
Medial
SME-focused fintech company Instamojo has recorded 2.6X jump in revenue to Rs 16.36 crore in FY18 while losses were controlled by over 96% to Rs 11.61 lakh. As per RoC filings, the company’s expense witnessed a hike of 73% to Rs 16.47 crore. Employee benefit accounted for 42.9% of overall expenses. Three months ago, Instamojo raised about $7.75 million in its Series B funding led by Japan’s Anypay.
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OkCredit lost Rs 428 Cr to earn Rs 9 Cr since incorporation
Entrackr
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1y ago
Medial
OkCredit, a digital ledger app for small and medium-sized businesses, has struggled to generate significant revenues despite receiving a $90 million investment from investors like Lightspeed and Tiger Global. The company reported an operating revenue of Rs 26 lakh in FY18 but failed to generate any revenue in FY19 and FY20. Its revenue from operations grew over 21 times to Rs 8.3 crore in FY23 but its outstanding losses reached Rs 428.5 crore. Employee benefit expenses were the largest cost center, accounting for 45.7% of total expenses. The company's losses decreased by 58% to Rs 47.7 crore in FY23.
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Fintech firm Instamojo turns profitable with Rs 8.26 crore profit in FY23: Report
IndianStartupNews
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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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Kapiva touches Rs 115 Cr revenue in FY23; improves economics
Entrackr
·
1y ago
Medial
Ayurvedic nutrition brand Kapiva witnessed significant growth in the fiscal year ending March 2023. The company's revenue from operations jumped 93.74% to Rs 114.5 crore compared to the previous fiscal year. Additionally, Kapiva earned Rs 2 crore from interest on current investments, bringing the total revenue for FY23 to Rs 116.48 crore. The company focused on influencer marketing, with marketing costs comprising 35% of total expenditure, reaching Rs 64 crore. Despite the growth, Kapiva's losses increased by 34.1% to Rs 64.5 crore. The brand aims to achieve an annual revenue of Rs 850 crore by FY26.
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Peak XV-backed Wakefit reports Rs 66 Cr EBITDA in FY24
Entrackr
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8m ago
Medial
Home furniture and sleep solutions company Wakefit continued its growth trajectory with a 21% year-on-year increase in operating revenue during the fiscal year ending March 2024. Notably, the Peak XV-backed company reduced its losses by 90% and achieved EBITDA positivity with Rs 65.9 crore during the same period. Wakefit’s revenue from operations increased to Rs 986.4 crore in FY24, as compared to Rs 812.6 crore in the previous fiscal year, its financial statement filed with the Registrar of Companies (RoC) shows. Wakefit's revenue was predominantly driven by the sale of products, which increased 21.47% and accounted for Rs 967.86 crore in FY24. Income from scrap sales and other minor sources also rose by 16.73% to Rs 18.49 crore during the said fiscal year. The firm’s income from interest on bank deposits surged 5.8X to Rs 19.38 crore, pushing its total revenue to Rs 1,017.33 crore in FY24. The cost of materials remained the largest expense at Rs 465 crore, contributing 45.04% of total costs. Employee benefit expenses grew by 27.3% to Rs 134.63 crore. Courier and delivery charges increased by 24.8% to Rs 82.19 crore, while advertising expenses dropped by 19.3% to Rs 77.36 crore. Other expenses added another Rs 273.2 crore in FY24. The firm’s total expenses rose by 6.9% to Rs 1,032.4 crore in FY24. In the end, Wakefit managed to decline its losses by 90% to Rs 15 crore from Rs 145 crore in FY23. Despite losses, the Bengaluru-based company achieved positive EBITDA at Rs 65.9 crore in FY24. Its ROCE and EBITDA margins improved to 0.29% and 6.48%, respectively. On a unit basis, Wakefit spent Rs 1.05 to earn a rupee of operating revenue in FY24. Its current assets grew significantly to Rs 574 crore, while its cash and bank balances were recorded at Rs 17.21 crore in FY24. According to TheKredible, Wakefit has raised a total of $105.5 million to date. Its leading investors include Peak XV Partners, Verlinvest, and SIG.
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SoftBank-backed Meesho losses halved to Rs 1,675 cr in FY23, revenue grew 77% to Rs 5,735 cr
Money Control
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1y ago
Medial
E-commerce platform Meesho reported a revenue growth of 77% from Rs 3,232 crore in FY22 to Rs 5,735 crore in FY23. The company's losses also reduced by 49% to Rs 1,675 crore in FY23. Meesho attributed the growth to increased transactions by existing customers and successful monetization efforts. Cost-cutting measures, including lower customer acquisition costs and reduced spend on server infrastructure, contributed to the reduction in losses. Meesho's revenue in the first half of FY24 stood at Rs 3,521 crore, with losses of Rs 141 crore.
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StayVista clocks Rs 140 Cr revenue in FY24, cuts losses by one-third
Entrackr
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5m ago
Medial
StayVista clocks Rs 140 Cr revenue in FY24, cuts losses by one-third Luxury vacation home rental platform StayVista continued its steady growth in the last fiscal year, with revenue increasing by 23%. At the same time, the company managed to reduce its losses by over one-third in FY24. StayVista’s revenue from operations increased to Rs 140 crore in FY24 from Rs 114 crore in FY23, according to its financial statement sourced from the Registrar of Companies (RoC). StayVista connects property owners with travelers seeking vacation rental accommodations. The platform enables property owners to list their rentals, while facilitating bookings and online payments. Revenue from these services was the company’s sole source of income. With minor contribution from other income, the company posted total revenue of Rs 143.48 crore in the last fiscal year. On the expense side, the cost of materials—the company’s largest expense category—increased by 17.7% to Rs 109.5 crore in FY24. Employee benefit expenses also rose sharply, up 33% to Rs 28 crore, while legal and other operational expenses remained relatively stable at Rs 3.5 crore and Rs 11 crore, respectively. Overall, the company’s total expenses stood at Rs 152 crore for the year, marking an 18.8% increase from Rs 128 crore in FY23. StayVista reduced its losses by 33.3% to Rs 8 crore in FY24 from Rs 12 crore in the previous fiscal year. Its ROCE and EBITDA margin stood at -28.81% and -5.31%, respectively. On a unit level, StayVista spent Rs 1.09 to earn a rupee in FY24. As of March 2024, the Mumbai-based firm reported current assets worth Rs 50 crore which includes Rs 39 crore in cash and bank balances. According to startup data intelligence platform TheKredible, StayVista has raised a total of $7.5 million of funding till date, having DSG Consumer Partners as its lead investor who owns 17% of the company. Its co-founders Amit Damani, Ankita Sheth and Pranav Maheshwari together own 32.4% of the company. According to media reports, StayVista is planning to go public through an IPO by 2028, with a goal of raising Rs 600 crore (around $72 million) to further expand its network across India.
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Fintech unicorn Cred spent almost Rs 2 to generate one rupee in revenue in FY23
VCCircle
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1y ago
Medial
Fintech unicorn Cred experienced rapid revenue growth in FY23, but it also incurred higher expenses, resulting in a cost-to-revenue ratio of Rs 2 to generate one rupee in revenue. Its total revenue increased to Rs 1,400.6 crore, while total expenses jumped to Rs 2,832 crore. The company reduced marketing expenses by 27% and focused on increasing member engagement to create monetization opportunities. Cred's losses widened to Rs 1,347.4 crore, but its monthly transacting users grew by over 58% during the year. The firm aims to reward creditworthy individuals with more products to improve their lives.
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Zoomcar India posts Rs 237 Cr loss on Rs 69 Cr revenue in FY23
Entrackr
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1y ago
Medial
Zoomcar India reported a revenue decline of 27% in FY23, with revenues from operations dropping to Rs 69 crore. The company's losses also increased by 3.2 times, reaching Rs 237 crore. Zoomcar claims to make money from commission on short-term rentals, subscriptions, and facilitation services, but did not provide a revenue breakdown for FY23. The largest cost center was the cost of employee benefits, accounting for 39% of expenses. Despite efforts to control spending, the dip in revenue and other income led to significant losses.
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Furlenco posts Rs 140 Cr revenue in FY24, finance cost shrink 52%
Entrackr
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9m ago
Medial
Furniture rental company Furlenco experienced a 10% decline in operating revenue in the past fiscal year, while its losses remained steady. Operating revenue dropped from Rs 155.78 crore to Rs 139.56 crore, while total revenue was Rs 151.9 crore in FY24, including earnings from interest and gains on financial assets. Furlenco reported losses of Rs 130.22 crore in the same period.
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Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat
Entrackr
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26d ago
Medial
Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat Ather Energy reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm also narrowed losses by 3%. Electric two-wheeler maker Ather Energy has announced its financial results for the first quarter of the ongoing financial year FY26. The company reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm narrowed losses by 3%. Ather’s revenue from operations increased by 79% to Rs 645 crore in Q1 FY26, from Rs 360 crore in Q1 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). The Tarun Mehta-led company did not provide a revenue breakdown during the last quarter. Ather’s cost of materials, primarily driven by battery and component procurement, made up the largest share of its expenditure. This cost increased by nearly 74% to Rs 518 crore in Q1 FY26 from Rs 297 crore in the same period last year, accounting for over 61% of the total expenses during the quarter. Employee benefit expenses saw a surge of 37% YoY to Rs 119 crore in Q1 FY26 compared to Rs 87 crore in Q1 FY25. Depreciation and amortization costs rose 20% to Rs 48 crore, while other operational costs jumped nearly 31% to Rs 166 crore. Overall, Ather’s total expenditure grew 54% to Rs 851 crore in Q1 FY26, up from Rs 551 crore in Q1 FY25. As a result, the company’s net losses reduced by 3% to Rs 178 crore in Q1 FY26 from Rs 183 crore in Q1 FY25. In July 2025, Ather Energy maintained its fourth-place market position, selling 16,231 units. This represents a 10.59% month-on-month increase from the 14,677 units sold in June, bringing their market share to 15.78%. Ather Energy made its stock market debut on May 6, 2025, listing at Rs 328 per share on the NSE. However, the stock is currently trading at Rs 375, bringing its total market capitalization to Rs 13,723 crore ($1.5 billion). Ather competitor Ola Electric’s topline shrank by nearly 50% year-on-year during the first quarter of FY26. At the same time, the Bengaluru-based firm’s losses widened by 23%.
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