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Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses

EntrackrEntrackr · 13d ago
Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses
Medial

Tata 1mg, the digital healthcare platform backed by Tata Digital, continued its growth trajectory in the fiscal year ending March 2025 while straining its losses. Tata 1mg’s consolidated revenue rose 22% to Rs 2,392 crore in FY25 from Rs 1,968 crore in FY24, according to Tata Sons’ Annual Report for the fiscal year. Tata 1mg is a health tech startup for online orders of allopathic, ayurvedic, homeopathic medicines, vitamins, nutrition supplements, and other health products, delivered to the home. 1mg’s revenue was split across two entities: Tata 1mg Technologies, which clocked Rs 2,016.5 crore, and Tata 1mg Healthcare Solutions, which contributed Rs 375.5 crore in FY25. The company's total cost rose by 17% to Rs 2682 crore in FY25, up from Rs 2303 crore in FY24. The Gurugram-based company posted a consolidated loss of Rs 276 crore in FY25, 12% lower than the Rs 313 crore loss reported in FY24. On a unit basis, the company spent Rs 1.12 to earn a rupee of operating revenue in FY25. On the asset side, Tata 1mg reported total assets of Rs 2,025 crore at the end of FY25 while its total liabilities reached Rs 1,190 crore. In the e-health space, Tata 1mg competes with Reliance-backed Netmeds, PharmEasy, and Apollo 24/7. Tata Digital acquired a 55% stake in 1mg in June 2021 but has since gained around 8.5% additional stake in the e-medicine platform. According to TheKredible, Tata Digital currently holds a 63.5% stake in 1mg, which was last valued at 1.25 billion. Tata Digital reported a standalone revenue of Rs 546.9 crore and a loss of Rs 827.5 crore in FY25, indicating continued investment in its digital commerce bets including 1mg and other verticals such as BigBasket, Cult.fit, and the recently launched Tata Neu.

Virtual spiritual app Vama doubles its revenue in FY25

EntrackrEntrackr · 1m ago
Virtual spiritual app Vama doubles its revenue in FY25
Medial

Virtual spiritual app Vama has demonstrated a two-fold scale during the fiscal year ended March 2025. However, in pursuit of growth, the firm's losses increased by 33% during the same period. According to provisional financial statements reviewed by Entrackr, Vama’s operating revenue rose to Rs 19.5 crore in FY25, up from 9.4 crore in FY24. Founded in late 2020 by Manu Jain and Acharya Dev, the Delhi-based startup provides virtual access to religious services, including e-pujas, e-darshans, and astrology consultations. The company claims to have facilitated over 1.5 lakh astrology and puja services globally through its Android and iOS apps. Vama generates its revenue primarily from recharges and pooja bookings on its platform. The company also added a bit of income from the interest and income tax refund, which tallied the total revenue to Rs 19.66 crore in FY25. When it comes to expenditures, marketing emerged as the largest cost driver, accounting for 40% of the total expenses, which surged 2.7X to Rs 13.93 crore in FY25. Employee benefit expenses followed at Rs 6.58 crore during the same period. The company’s direct costs, comprising astrology services, puja offerings, and VIP astrologer fees, stood at Rs 5.44 crore. Other overheads, including legal, payment gateway charges, technology, and video production, pushed Vama’s total expenditure to Rs 31.8 crore in FY25, up from Rs 18.5 crore in FY24. The two-fold growth in scale helped Vama contain its losses, which rose 33.3% to Rs 12 crore in FY25 from Rs 9 crore in FY24. As of March 2025, the company’s total current assets stood at Rs 7.52 crore. Vama has raised a total of $2.9 million to date, including its $1.5 million seed round led by Wavemaker Partners in 2023. Recently, Vama’s competitor, AppsForBharat, created buzz after raising $20 million in a Series C round. The Prashant Sachan-led company recorded Rs 18.53 crore operating revenue with Rs 39 crore loss. Its FY25 results have yet to come. It also competes with DevDham, Utsav App, Sutradhar, Ghar Mandir, and 27 Mantra.

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