🚀 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

IPO-Bound Shadowfax’s Profit Surges 114% To INR 21 Cr In H1 FY26

Inc42 · 9h ago

IPO-Bound Shadowfax’s Profit Surges 114% To INR 21 Cr In H1 FY26

Shadowfax, a logistics company preparing for an IPO, reported a substantial increase in profit by nearly 114% to INR 21 crore for the first half of the financial year FY26, compared to INR 9.8 crore the previous year. This growth is attributed to a robust 68.4% rise in operating revenue, reaching INR 1,805.4 crore from INR 1,072 crore. The company plans a public offering, including a fresh issue worth INR 1,000 crore and an offer-for-sale.

Related News

IPO-Bound Meritto's FY25 Profits Surges 50X To INR 2 Cr

Inc42 · 23d ago

IPO-Bound Meritto's FY25 Profits Surges 50X To INR 2 Cr

Meritto, formerly NoPaperForms, reported a net profit of INR 1.9 Cr for FY25, marking a 50-fold increase from INR 4 Lakh in FY24, driven by a revenue increase of 31% to INR 92.3 Cr. Backed by Info Edge Ventures, this was Meritto's first profitable year, and the company is planning a INR 600 Cr IPO soon. Including an additional income of INR 3.5 Cr, Meritto’s total income rose 30% to INR 95.8 Cr.

Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double

Entrackr

Entrackr · 15h ago

Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double

Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double Logistics startup Shadowfax, in the first half of FY26, reported over 68% year-on-year revenue growth, with profits more than doubling. Shadowfax Technologies has filed an updated DRHP with SEBI for its IPO, looking to raise Rs 2,000 crore, comprising Rs 1,000 crore through a fresh issue and Rs 1,000 crore via an offer for sale. In the first half of FY26, the company reported over 68% year-on-year revenue growth, with profits more than doubling. For context, Shadowfax reported 32% year-on-year growth in revenue to Rs 2,485 crore in FY25, along with a net profit of Rs 6.4 crore. The Flipkart-backed firm’s operating revenue grew over 68% year-on-year to Rs 1,805.6 crore in H1 FY26 compared to Rs 1,072 crore in the same period last year. Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the Bengaluru-based firm provides last-mile delivery across e-commerce and hyperlocal sectors, serving over 14,000 pin codes through 1.25 lakh delivery partners. Revenue from express forward parcel deliveries contributed nearly 69% of the company’s operating revenue, amounting to Rs 1,238.7 crore. The hyperlocal segment, which includes quick commerce delivery services and accounts for around 20% of the business as of H1 FY26, generated Rs 359.3 crore, reflecting an 82.6% year-on-year increase. Other logistics services contributed an additional Rs 207.5 crore. The company also generated Rs 14.2 crore from non-operating activities, pushing its total revenue to Rs 1,819.8 crore in H1 FY26. On the expense side, delivery personnel costs accounted for 53% of the total expenses, amounting to Rs 956 crore in H1 FY26, a 69% year-on-year increase from Rs 565.3 crore in H1 FY25. Transportation costs formed 18% of the total cost at Rs 325.2 crore, while employee benefit expenses grew 40% to Rs 171.8 crore. The company reported a cost of lost shipments amounting to Rs 148.2 crore in H1 FY26, more than three times higher than the previous year. Other overheads, including rent, travel expenses, professional fees, and miscellaneous costs, added another Rs 197.4 crore, taking total expenses to Rs 1,798.7 crore in H1 FY26. Overall, total expenses increased nearly 67% from Rs 1,079 crore in H1 FY25. As revenue growth outpaces expenditures marginally, the firm’s profit surged over 2X to Rs 21 crore during the first half of FY26, compared to Rs 9.8 crore in H1 FY25. On a unit level, Shadowfax spent Rs 1 to earn a rupee of operating income in the period. Its EBITDA margin also improved to 3.56% in H1 FY26. According to data from TheKredible, Shadowfax has raised approximately $246 million to date. Eight Roads Ventures is the largest external stakeholder, followed by Flipkart, NewQuest Asia, and Nokia Growth Partners. As per its UDRHP, the IPO-bound company plans to use the proceeds from the fresh issue of Rs 1,000 crore to expand its logistics infrastructure, enhance technology capabilities, and pursue inorganic growth opportunities. A portion of the funds will also be allocated toward repaying existing borrowings.

IPO-Bound Avanse’s PAT Doubles To INR 342.4 Cr In FY24, Operating Revenue Surges 74%

Inc42 · 1y ago

IPO-Bound Avanse’s PAT Doubles To INR 342.4 Cr In FY24, Operating Revenue Surges 74%

Avanse Financial, an education-focused non-banking financial company (NBFC), has reported the second-highest profit after tax among similar entities in the industry in its Draft Red Herring Prospectus (DRHP). The company's operating revenue also saw a significant increase of 74.5% in the last fiscal year, reaching almost INR 1,727 crore. Avanse Financial recently filed its DRHP for an initial public offering (IPO) worth INR 3,500 crore.

Info Edge posts Rs 729 Cr revenue in Q2 FY26

Entrackr

Entrackr · 23d ago

Info Edge posts Rs 729 Cr revenue in Q2 FY26

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.

IPO-Bound Swiggy’s Revenue Surges 40% To INR 8,264 Cr In FY23

Inc42 · 1y ago

IPO-Bound Swiggy’s Revenue Surges 40% To INR 8,264 Cr In FY23

Bengaluru-based food delivery giant, Swiggy, reported a net loss of INR 4,179.3 Cr for the financial year 2022-23. Its operating revenue increased by over 40% to INR 8,264.4 Cr compared to the previous year. Swiggy's quick commerce vertical, Swiggy Instamart, contributed significantly to the revenue growth. Swiggy aims to improve its financial metrics ahead of its anticipated $1 Bn IPO later this year. The company recently laid off around 400 employees to showcase stronger financials.

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

Inc42 · 12m ago

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

The startup reported a significant increase in operating revenue of INR 88 Cr, a 114% rise from the previous year. However, its total loss for the fiscal year 2024 was INR 96 Cr, showing an 18% decrease from the previous fiscal year. The startup's expenditure also increased by 21% to reach INR 200 Cr in FY24 compared to INR 165.4 Cr in the previous fiscal year.

IPO-bound MobiKwik to raise INR 10 Cr term loan from CredAble

Inc42 · 1y ago

IPO-bound MobiKwik to raise INR 10 Cr term loan from CredAble

IPO-bound MobiKwik plans to raise a term loan of INR 10 crore from Equentia Financial Service Private Limited for its working capital needs. This comes after the fintech startup filed its draft red herring prospectus (DRHP) with SEBI to raise up to INR 700 crore through its initial public offering. MobiKwik achieved a net profit of INR 9.5 crore in the first half of the fiscal year, with operating revenue of INR 381 crore. The company has reduced its IPO size by 63% from the initial target of INR 1,900 crore.

IPO-Bound MobiKwik Raises INR 50 Cr Debt Funding From BlackSoil

Inc42 · 1y ago

IPO-Bound MobiKwik Raises INR 50 Cr Debt Funding From BlackSoil

IPO-bound fintech startup MobiKwik has secured INR 50 crore (approximately $6 million) in debt funding from BlackSoil. The funding will be raised through the issuance of 800 non-convertible debentures at an annual interest rate of 15%. This comes after MobiKwik secured INR 10 crore in a term loan from CredAble earlier this year. The company has filed its draft red herring prospectus (DRHP) with SEBI and aims to raise up to INR 700 crore through an IPO. MobiKwik turned profitable in the first half of FY24, reporting a net profit of INR 9.5 crore.

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Inc42 · 1y ago

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Yudiz Solutions reported a net profit of INR 1.33 crore in the first half of FY24, but recorded a loss of INR 4.2 crore in the second half. The company's operating revenue declined to INR 10.3 crore in H2 FY24 from INR 15.9 crore in H1 FY24, representing a year-on-year decrease of 37.2%. In FY23, Yudiz achieved a net profit of INR 2.7 crore on an operating revenue of INR 27.3 crore.

Zappfresh DRHP: Revenue Surges 60% To INR 90 Cr In FY24, Profit Jumps 70%

Inc42 · 1y ago

Zappfresh DRHP: Revenue Surges 60% To INR 90 Cr In FY24, Profit Jumps 70%

Zappfresh, a D2C meat delivery startup, saw its net profit increase by 70% to INR 4.7 Cr in FY24 compared to INR 2.7 Cr in the previous fiscal year. Delhi contributed the most to the company's revenue, accounting for 35.7%, followed by Haryana with a 27.96% share. Zappfresh's IPO consists of a fresh issue of 59.06 Lakh equity shares without any offer for sale component.

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

ChatGPT Go Free for a Year in Ind ...

Info Edge elevates Jatin Thukral ...

Apple says US passport digital ID ...

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