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Leverage Edu posts Rs 106 Cr loss on Rs 173 Cr revenue in FY25

EntrackrEntrackr · 6d ago
Leverage Edu posts Rs 106 Cr loss on Rs 173 Cr revenue in FY25
Medial

Leverage Edu, which helps Indian students secure admissions to global colleges, recorded over 90% year-on-year growth in its operating scale in the fiscal year ending March 2025. However, this rapid expansion came at a price, as the Delhi-based company’s losses widened 56% year-on-year to cross the Rs 100 crore threshold. Revenue from operations for the edtech startup jumped 91% to Rs 173 crore in FY25 from Rs 90.6 crore in FY24, its consolidated financial statements filed with the Registrar of Companies show. Founded in 2017 by Akshay Chaturvedi, Leverage Edu provides counseling, admissions, and financing support for students pursuing international education. It serves students from India and other countries, helping them secure admissions to universities in the UK, US, Germany, Canada, and Dubai. Student placement services accounted for 70% of Leverage Edu’s total operating revenue in FY25, compared to over 90% in FY24, and grew 65% year-on-year to Rs 120.6 crore. The company also generated Rs 29.7 crore from its Fly business, launched in late 2022, through which it offers financial services to students pursuing education abroad. This revenue includes commission income from facilitating student loans, foreign exchange, and accommodation arrangements. Earnings from the segment more than doubled in the last fiscal year compared to FY24. Leverage Edu also earned Rs 21.2 crore from the sale of products and generated Rs 4.9 crore from other operating and non-operating sources, which pushed its total income to Rs 177 crore. India contributed nearly 76% of the total revenue, while international markets accounted for 24%. In contrast, in FY24, international sources had contributed 78.5% of the operating revenue. On the cost front, employee benefits remained the largest cost centre and accounted for nearly 23% of total expenses at Rs 64 crore. This expense grew marginally by 7% from Rs 60 crore in FY24. Meanwhile, advertising and promotional spending surged 2.2X to Rs 59.8 crore in the previous fiscal year and formed 21% of the firm’s overall expenditure. Leverage Edu also spent heavily on commission paid to selling agents, which shot up 2.6X in FY25 to Rs 51.2 crore. Cost of materials, IT, legal professional, rent, depreciation, and other overheads took its total expenditure up by 73% to Rs 280 crore in FY25 from Rs 162 crore in FY24. At the bottom line, the Blume Ventures-backed company’s losses surged 55% to Rs 106 crore in FY25 from Rs 68 crore in FY24, due to a sharp increase in advertising and marketing spends as well as higher commission payouts amid the scale-up of operations. The company’s EBITDA loss widened to Rs 83 crore during the year. Its ROCE and EBITDA margin stood at -204.35% and -47.4%, respectively. On a unit level, it spent Rs 1.62 to earn a rupee. As of March 2025, Leverage Edu had total current assets of Rs 126 crore, which included Rs 34 crore in cash and bank balances. Leverage Edu has raised approximately $70 million to date, including its $40 million Series C round raised in July 2023 from Blume Ventures, DSG Consumer Partners. It was last valued at around $140 million.

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Leverage Edu crosses Rs 180 Cr revenue in FY25

EntrackrEntrackr · 10m ago
Leverage Edu crosses Rs 180 Cr revenue in FY25
Medial

Leverage Edu, which helps Indian students enroll in global colleges, recorded over 2X year-on-year growth in its revenue to over Rs 180 crore in the fiscal year ending March 2025, compared to Rs 90 crore in FY24. The Blume Ventures-backed company significantly improved its EBITDA margin by over 50% and now boasts an annualized revenue of Rs 400 crore (approximately $45 million), according to a recent LinkedIn post by Leverage Edu founder Akshay Chaturvedi. During FY24, the company posted a net loss of Rs 68.3 crore and an expense-to-revenue ratio of Rs 1.79. According to the LinkedIn post, the NPS (Net Promoter Score) has moved 1.4X in FY25 with the average Google rating of 4.7 stars. Moreover, its referral percentage increased from 4% to 23% during FY25. Founded in 2017, Leverage Edu provides full-stack services including counseling, application-admission support, and financing to students pursuing international education. It assists students from India, Nigeria, and Nepal, among others. The company has expanded into six new markets, bringing its total presence to 11, with 30% of its customers now coming from international markets. It has also launched 11 experience stores to date and aims to increase this number to 30 by the end of FY26. Leverage Edu has raised approximately $70 million to date and was last valued at around $140 million. According to the startup data intelligence platform TheKredible, Blume Ventures is the largest external stakeholder with 16.9%, followed by Tomorrow Capital and DSG Consumer Partners which command 14.82% and 12.52% stake, respectively.

Meesho posts Rs 3,517 Cr revenue in Q3 FY26; losses surge 13X

EntrackrEntrackr · 21d ago
Meesho posts Rs 3,517 Cr revenue in Q3 FY26; losses surge 13X
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E-commerce marketplace Meesho has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last month. The firm’s revenue increased by 31% during the third quarter, while its losses neared Rs 500 crore mark in the same period. The company’s revenue from operations increased to Rs 3,517.5 crore in Q3 FY26 from Rs 2,679 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 78.5 crore, which drove its total income of Rs 3,596 crore for the quarter. However, for the nine-month period ending December 2025, the firm’s revenue increased 30% to Rs 9,095 crore from Rs 6,990 crore, a year earlier. Meesho did not include its proper expense breakup, however its employee benefit expense rose 20% to Rs 235 crore in Q3 FY26 from Rs 195 crore in Q3 FY25. Its depreciation stood at Rs 11 crore for the quarter. Overall, the company’s total expense rose 44% to Rs 4,071 crore in Q3 FY26 from Rs 2,823 crore in Q3 FY25. Due to the company’s expense outpacing revenue growth, its loss surged by more than 13X to Rs 490 crore in Q3 FY26 from Rs 37 crore in Q3 FY25. On a sequential basis, the company’s loss increased by 48% from Rs 330.5 crore loss in Q2 FY26. Meesho made its debut on the public market listing at a hefty premium and closing one of the largest tech IPOs of 2025. The Bengaluru-based firm opened at Rs 162.5 per share on NSE, a 46% jump over its issue price of Rs 111. At the end of today’s trading session, Meesho’s share price stood at Rs 173, giving the firm a total market capitalization of Rs 78,077 crore ($8.5 billion).

Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65%

EntrackrEntrackr · 4m ago
Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65%
Medial

Furlenco turns around in FY25: Posts profit after Rs 130 Cr loss, revenue surges 65% Furlenco managed 65% year-on-year revenue growth and kept tight control on expenses. As a result, Furlenco posted a Rs 3 crore profit after tax (PAT) in FY25, compared with a Rs 130 crore loss in FY24. After a tepid performance in the last fiscal year, subscription-based furniture rental firm Furlenco has made a notable comeback in FY25. The Bengaluru-based firm managed 65% year-on-year revenue growth and kept tight control on expenses. As a result, Furlenco posted a Rs 3 crore profit after tax (PAT) in FY25, compared with a Rs 130 crore loss in FY24. Furlenco’s revenue from operations grew to Rs 229 crore in FY25 from Rs 139 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Furlenco provides furniture and home decor for rent along with relocation services. Income from furniture rental services accounted for 91% of the operating revenue, which grew by 61% to Rs 208 crore in FY25. Income from the sale of products (furniture including sofas and beds), more than doubled to Rs 21 crore during the fiscal year ending March 2025. Including other non-operating activities such as treasury gains of Rs 11 crore, its total income rose to Rs 240 crore in FY25. The company streamlined its cost structure and reduced its total expense by 16% to Rs 237 crore in FY25 from Rs 282 crore in FY24. Employee benefits expenses decreased by 35% year-on-year to Rs 31 crore in FY25, while finance costs dropped 41% to Rs 19 crore in FY25. Cost of material, however, rose 33% to Rs 8 crore in FY25. Depreciation on the company’s furniture rose 29% to Rs 45 crore in FY25 from Rs 35 crore in FY24. With strong revenue growth and lower burn, Furlenco turned profitable and posted a profit of Rs 3 crore in FY25, in contrast to a loss of Rs 130 crore in FY24. Its ROCE and EBITDA margin improved significantly to 5.68% and 24.45%, respectively. On a per-unit basis, the firm spent Rs 1.03 to earn every rupee of operating revenue, compared to Rs 2.03 in FY24. Furlenco’s current assets stood at Rs 106 crore, including cash and bank balances of Rs 32 crore in FY25. According to startup data intelligence platform TheKredible, Furlenco has raised a total of $298 m in funding till date, with Sheela Foam and Lightbox Ventures as its lead investors. The company’s founder and chief executive, Ajith Mohan Karimpana owns 12% of the company. Furlenco certainly seems to have discovered a better playbook for its business, because numbers like these looked unlikely till last year. While the concept has certainly found takers, operating costs had been too high to offer hope of such a turnaround. So credit to the team for having pulled it off.

CollegeDekho posts Rs 151 Cr loss in FY25, revenue remains flat

EntrackrEntrackr · 14d ago
CollegeDekho posts Rs 151 Cr loss in FY25, revenue remains flat
Medial

CollegeDekho, a higher education services and college admissions platform, saw its growth stall in the fiscal year ended March 2025. Despite the flat topline, the company’s losses grew 19% year-on-year to Rs 151 crore in FY25. CollegeDekho’s revenue from operations increased marginally to Rs 221.6 crore in FY25 from Rs 215.6 crore in FY24, its consolidated financial statements sourced from the Registrar of Companies (RoC) shows. Founded in 2015, CollegeDekho operates a marketplace for college admissions and higher education services, offering student counselling and lead generation, university partnerships, education loans, test preparation, and study abroad services. The company claims to have counseled over 1.2 million students and enrolled more than 200,000 students through partnerships with over 2,000 colleges. Collegedekho has 7 brands, including GetMyUni, ImaginXP, PrepBytes, Get GIS, IELTSMaterial, Unipto Education, and Assured. However, the company has not disclosed a detailed revenue breakdown. It primarily earns from commissions on admissions, marketing services, promotion and advertising, online coaching, and other technology solutions. It also earned Rs 6 crore in interest and investment income lifted its overall revenue to Rs 227.7 crore in FY25. On the expense front, advertising and promotional spending emerged as the largest cost centre for the firm, accounting for 33% of total expenses and standing at Rs 126 crore in FY25. This cost increased 31% year-on-year, reflecting the company’s heightened focus on brand visibility and customer acquisition. Meanwhile, the firm reduced its employee benefit expenses by 25% to Rs 117 crore in FY25 from Rs 156 crore in FY24, Notably, this expense includes Rs 7.4 crore in ESOP costs, which are non-cash in nature. CollegeDekho’s outsourcing and subcontracting costs doubled in the last fiscal to Rs 31.5 crore. Its legal, rent, provisions for doubtful debts, travel, and other operating costs together contributed to an 8.6% rise in the company’s total expenditure, which increased to Rs 378.8 crore in FY25 from Rs 348.9 crore in FY24. Overall, flat revenue combined with higher spending on advertising and outsourcing pushed the company’s losses up 19% to Rs 151 crore in the previous fiscal, compared with a loss of Rs 127 crore in FY24. Its ROCE and EBITDA margin worsened to -154.93% and -56.9%, respectively. On a unit level, CollegDekho spent Rs 1.71 to earn a rupee of operating revenue. Its current assets were recorded at Rs 176 crore, with cash and bank balances of Rs 37 crore at the end of FY25. CollegeDekho has secured over $68 million in total funding, including its most recent debt funding of Rs 40 crore ($4.7 million) from debt marketplace Recur Club in April last year. According to the startup data intelligence platform TheKredible, CarDekho is the largest external stakeholder, followed by Winter Capital. It competes with Blume Ventures–backed Leverage Edu, which reported over Rs 180 crore in revenue in FY25, and bootstrapped Collegedunia, which posted Rs 192 crore in operating revenue in the fiscal year ended March 2024 and was profitable.

Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95%

EntrackrEntrackr · 7m ago
Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95%
Medial

Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95% Cloud kitchen brand Curefoods has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The move follows the company’s FY25 financial performance, where it reported a revenue of Rs 746 crore and a loss of Rs 170 crore, according to its balance sheet. Curefoods' operating revenue increased by 28% to Rs 746 crore in FY25 from Rs 585 crore in FY24, while its losses remained flat in the last fiscal year. Curefoods operates a multi-brand cloud kitchen business across categories like Indian meals, pizza, desserts, and health-focused food. In FY25, desserts led revenue with Rs 196 crore, followed by pizza (Rs 183 crore), Indian meals (Rs 178 crore), and healthy meals (Rs 176 crore). While desserts and pizza grew 18% and 95% YoY, respectively, the healthy segment declined by 13%. The Bengaluru-based company added Rs 29 crore from interest on financial assets which pushed its total income to Rs 775 crore in FY25. On the expense side, the cost of materials accounted for the largest share at Rs 273 crore, followed by employee benefit expenses at Rs 180 crore and commissions at Rs 137 crore. Advertising costs jumped significantly by over 64% to Rs 87 crore. Overall, the company’s total expenditure stood at Rs 944 crore in FY25, rising by 17% from Rs 807 crore in FY24. Despite the revenue growth, Curefoods’ loss remained flat at Rs 170 crore in FY25 from Rs 173 crore in FY24. Its ROCE and EBITDA margin stood at -19% and -7.5%, respectively. On a unit level, the company spent Rs 1.27 to earn a rupee of operating revenue in FY25. As of March 2025, the Ankit Nagori-led company had current assets worth Rs 339 crore in FY25, including Rs 80 crore in cash and bank balances. Curefoods’ founder Nagori is entitled to an annual fixed remuneration of Rs 3 crore (inclusive of perquisites and retirement benefits) and an annual variable bonus of up to 20% of his remuneration. Curefoods’ operational performance improved in FY25, with average daily sales rising to Rs 2 crore from Rs 1.5 crore in FY24, amid strong consumer demand across its brands. Among its 10 key brands, Sharief Bhai, EatFit, and CakeZone led revenue with Rs 148 crore, Rs 145 crore, and Rs 102 crore, respectively. The company also added new revenue streams through the launch of Krispy Kreme operations in South, West, and North India, with Rs 15 crore in revenue in FY25 after acquiring the franchise rights. The improving numbers certainly indicate a level of maturity for the business, prompting the move to go public as well. However, risks remain, particularly in the performance of the ‘Healthy Foods’ segment and now, the Krispy Kreme franchise, which has not quite delivered in India, and continues to face a tough challenge to crack the local market. Curefoods and its multi-brand approach remains to be tested, especially with profits still distant, and H1 of FY26 will probably be a good time to evaluate if the firm has discovered a path to profitability.

Info Edge posts Rs 750 Cr revenue in Q4 FY25; profit jumps 7.7X

EntrackrEntrackr · 8m ago
Info Edge posts Rs 750 Cr revenue in Q4 FY25; profit jumps 7.7X
Medial

Info Edge, the parent company of Naukri and 99acres, reported a 14.2% growth in operating revenue in the fourth quarter of the last fiscal year (FY25), while its profit jumped 7.7X due to a decline in expenses. The Noida-based company’s operating revenue rose to Rs 750 crore in Q4 FY25 from Rs 657 crore in Q4 FY24, according to documents sourced from the National Stock Exchange (NSE). On a fiscal basis, the Sanjeev Bikhchandani-led firm recorded Rs 2,849 crore in revenue during FY25, a 12% increase from Rs 2,536 crore in FY24. Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 542 crore in the quarter ending March 2025, a 13% year-on-year growth compared to Q4 FY24. Meanwhile, revenue from 99acres reached Rs 106 crore, while the Jeevansathi and Shiksha segments collectively generated Rs 102 crore during the same quarter. The company added another Rs 520 crore from interest on deposits and investment which pushed its overall revenue to Rs 1,270 crore in Q4 FY25. On the fiscal basis, its total income stood at Rs 3,922 crore in FY25. On expense side, Info Edge spent 61% of its overall expenditure on employee benefits, which increased a modest 13% year-on-year to Rs 331 crore in Q4 FY25. Its advertising and internet costs stood at Rs 100 crore and 21 crore, respectively. The company’s overall cost grew 15% YoY to Rs 539 crore in Q4 FY25 from Rs 469 crore in Q4 FY24. Meanwhile on the fiscal basis, total cost rose 9% to Rs 2,002 crore in FY25. The steady growth and surge in other income with controlled expenditure led its profits to spike 7.7X to Rs 678 crore in Q4 FY25, compared to Rs 88 crore in Q4 FY24. On a fiscal basis, the firm’s profit doubled to Rs 1,310 crore in FY25 from Rs 594 crore in FY24. As of 2:43 PM, Info Edge is trading at Rs 1,456, down 1.19% from today’s opening price. The firm’s market capitalization stands at Rs 94,337 crore.

Paytm posts Rs 1,828 Cr revenue and Rs 208 Cr loss in Q3 FY25

EntrackrEntrackr · 1y ago
Paytm posts Rs 1,828 Cr revenue and Rs 208 Cr loss in Q3 FY25
Medial

Fintech firm Paytm announced its financial results for the third quarter of the current fiscal year (Q3 FY25) on Monday. The Noida-based company reported revenue of Rs 1,828 crore and a net loss of Rs 208 crore for the period. According to Paytm’s unaudited consolidated quarterly report filed with the National Stock Exchange, its revenue from operations declined by 35.9% year-on-year from Rs 2,850 crore in Q3 FY24 to Rs 1,828 crore in Q3 FY25. However, on a quarter-on-quarter basis, the firm recorded a 10% increase in revenue compared to Q2 FY25 (the preceding quarter). Income from payment service revenue accounted for 55% of the total operating revenue which stood at Rs 1,003 crore in Q3 FY25 while the revenue from financial and marketing services were recorded at Rs 502 crore and Rs 267 crore in the same period. The company also added Rs 189 crore from other non-operating sources, bringing its overall revenue to Rs 2016.5 crore in Q3 FY25. For the fintech firm, its employee benefits remained the largest cost center accounting for 34% of the overall cost which decreased by 36% to Rs 756 crore in Q3 FY25. This includes Rs 182 crore as ESOP cost (non-cash). Its payment processing charges and marketing costs were reduced by 42% and 48.7% to Rs 570 crore and Rs 141 crore respectively in Q3 FY25 from Rs 982 crore and Rs 275 crore in Q3 FY24. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,220 crore in Q3 FY25 from Rs 3,216 crore in Q3 FY24. A reduction across all overhead departments enabled Paytm to narrow its losses by 6.3% to Rs 208 crore in Q3 FY25 from Rs 222 crore in Q3 FY24.

CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY

EntrackrEntrackr · 6m ago
CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY
Medial

CarTrade released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Monday. The company reported a 22% year-on-year revenue growth compared to Q1 FY25, with profit doubling in the same time period. CarTrade’s revenue from operations grew 22% to Rs 173 crore in Q1 FY26 in contrast to Rs 142 crore in Q1 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The company’s total income for Q1 FY26 grew to Rs 199 crore, up from Rs 157 crore in Q1 FY25. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 38% of the total operating revenue which increased to Rs 66 crore in Q1 FY26 from Rs 51 crore in Q1 FY25. Income from the remarketing and classified segment stood at Rs 59 crore and Rs 48 crore, respectively, in the first quarter of the ongoing fiscal year. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 6% to Rs 75 crore during the period. Including other costs, CarTrade’s overall expenses increased 8% to Rs 142 crore in Q1 FY26 from Rs 23 crore during Q1 FY25. The decent growth and controlled spending enabled CarTrade to double its net profit to Rs 47 crore in Q1 FY26, compared to Rs 23 crore in Q1 FY25. CarTrade’s share price is trading at Rs 1,871 (as of 10:56 AM) with a total market capitalization of Rs 8,886 crore ($1.03 billion).

Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31%

EntrackrEntrackr · 8m ago
Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31%
Medial

Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31% Blackbuck's revenue from operations grew to Rs 122 crore in Q4 FY25 from Rs 93 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange show. Online trucking platform Blackbuck has released its quarterly report for the financial year ending March 2025. The Bengaluru-based company reported a 31% year-on-year growth in scale in Q4 FY25 and turned profitable, posting a profit before tax (PBT) of Rs 41 crore in the quarter. For the full fiscal year (FY25), Blackbuck’s operating revenue increased 44% to Rs 427 crore in FY25 from Rs 297 crore in FY24. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 15 crore from interest income which took its overall revenue to Rs 137 crore in Q4 FY25, compared to Rs 99 crore in Q4 FY24. For the full fiscal year, the firm’s total revenue stood at Rs 462 crore in FY25. Looking at the expenses, the employee benefit cost accounted for 35% of the overall expenditure which fell 74% year-on-year to Rs 33 crore in Q4 FY25 from Rs 128 crore in Q4 FY24. Depreciation and other operating expenses were key overheads that drove total expenditure to Rs 95 crore in Q4 FY25, compared to Rs 187 crore in the same quarter last year. For the fiscal year ending March 2025, the firm’s total expenses fell to Rs 371 crore as compared to Rs 483 crore in FY24. Blackbuck booked profit before tax of Rs 41 crore in Q4 FY25, as compared to a loss of Rs 87 crore in Q4 FY24. Meanwhile, for the full fiscal year ended March 2025, the company remained at a loss of Rs 283 crore (before tax), 69% more than Rs 167 crore in FY24. Blackbuck debuted on the stock exchange at Rs 208.90 and is now trading at Rs 459 on May 27, bringing its total market capitalization to Rs 8,180 crore.

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