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SleepyCat reports Rs 98 Cr revenue and Rs 9 Cr loss in FY25

EntrackrEntrackr · 16d ago
SleepyCat reports Rs 98 Cr revenue and Rs 9 Cr loss in FY25
Medial

SleepyCat posted strong growth in the fiscal year ended March 2025, with its operating revenue nearing Rs 100 crore. At the same time, the direct to consumer mattress brand kept its losses in single digits. SleepyCat’s revenue from operations rose 44% to Rs 98 crore in FY25 from Rs 68 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). SleepyCat operates a direct-to-consumer model focused on selling mattresses and sleep accessories primarily through its online channels. The company generated most of its revenue from the sale of finished goods, which contributed 89% of the total and increased 39% to Rs 87 crore in FY25. Revenue from the sale of traded goods nearly doubled to Rs 9.8 crore during the year. On the spending side, the cost of material accounted for half of its total cost, this expense climbed 52% to Rs 54 crore in FY25 from Rs 35.6 crore in FY24. Employee benefit expenses rose 11% to Rs 10 crore in FY25 from Rs 9 crore in FY24. Overall, SleepyCat’s total expenses expanded 44% to Rs 108.5 crore in FY25 from Rs 75.5 crore in FY24. Along with the increase in its scale, the company’s loss increased by 29% to Rs 9 crore in FY25 from Rs 7 crore in FY24. The company posted an EBITDA loss of Rs 9.6 crore in FY25 compared to Rs 6.7 crore in the previous year, while its EBITDA margin remained largely flat at -9.80%. The Bengaluru-based firm reported cash and bank balances of Rs 3 crore at the end of FY25, while its current assets stood at Rs 18.6 crore. SleepyCat has raised around $5 million of funding till date, having DSG Consumer Partners as its lead investor.

WheelsEye narrows losses by 71% to Rs 39 Cr in FY24

EntrackrEntrackr · 1y ago
WheelsEye narrows losses by 71% to Rs 39 Cr in FY24
Medial

WheelsEye narrows losses by 71% to Rs 39 Cr in FY24 Logistics SaaS firm WheelsEye experienced slower growth since FY22, with revenue growth flattening in FY24. The company reported a marginal 7% increase in revenue for the fiscal year ending March 2024 but successfully reduced its losses by 71% during the same period. WheelsEye’s revenue from operations grew to Rs 218.4 crore in the last fiscal year, from Rs 203.8 crore in FY23, according to its standalone financial statement sourced from the Registrar of Companies (RoC). WheelsEye provides trucking solutions for businesses and software, GPS tracking, and FASTag solutions for truck fleet operators. Revenue from the sale of services (trucking service) increased by 18.9% to Rs 129.6 crore, while revenue from the sale of products (software) grew by 7.85% to Rs 57.7 crore. Income from other sources added another Rs 31 crore. The company made an additional Rs 35 crore from interest income which pushed its total Income to Rs 253 crore in FY24. WheelsEye's largest cost component, employee benefit expenses, dropped by 28.72% to Rs 135 crore. The cost of materials increased slightly by 3.43% to Rs 93.6 crore, while commissions paid decreased by 9.64%, standing at Rs 7.5 crore. Miscellaneous expenses for the last fiscal year amounted to Rs 56.9 crore. In the end, WheelsEye managed to reduce its overall expenses by 17.23%, bringing them down to Rs 293 crore in FY24. This cost optimization contributed to a 71% reduction in net loss, with losses narrowing to Rs 39 crore in FY24. The company also reported improved financial ratios, with its ROCE improving to -44.85% and EBITDA margin rising to -13.76%. Cost efficiency improved as well, with the company spending Rs 1.34 to earn a rupee in FY24. On the asset side, WheelsEye recorded Rs 186 crore in current assets for FY24, which included Rs 142 crore in cash and bank balances. According to the startup data intelligence platform, TheKredible, Wheelseye's parent entity is situated in the USA holding 99.9% of the Indian entity with the name Wheelseye Technology INC. The reduction in losses would be a welcome development at WheelsEye, probably something that has caused the slowdown in growth as well. The effort indicates a push to seek public market access perhaps, even as the firm remains well placed to seek growth again soon. In the past year, seemingly improving efficiency in logistics has led to a slowdown in growth within many firms in the category, something that should correct soon for WheelsEye as well.

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%

EntrackrEntrackr · 10m ago
Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
Medial

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6% Logistics company Delhivery announced its Q4 FY25 results on Friday, reporting a 6% year-on-year increase in revenue. The Gurugram-based firm also reported a profit of Rs 72 crore during the same period. Delhivery’s revenue from operations grew to Rs 2,191 crore in Q4 FY25, according to its financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), Delhivery’s operating revenue increased 10% to Rs 8,932 crore in FY25 from Rs 8,141 crore in FY24. Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 112 crore from non-operating activities, bringing its total revenue to Rs 2,303 crore in Q4 FY25. Meanwhile, for the full fiscal year, total income reached Rs 9,372 crore. For Delhivery, freight handling and servicing costs made up 70% of its total expenditure, rising by 3% to Rs 1,566 crore in Q4 FY25. Employee benefit expenses decreased by 6% to Rs 337 crore. Legal, depreciation, and other overhead costs contributed to a minor decrease in overall expenditure, which reached Rs 2,249 crore during the quarter. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 9,217 crore as against Rs 8,825 crore in FY24. Delhivery's continued growth and controlled expenditure resulted in a profit of Rs 72 crore in Q4 FY25, compared to a loss of Rs 68 crore in Q4 FY24. On a fiscal basis, it turned profitable and reported a net profit of Rs 162 crore in FY25 as compared to a loss of Rs 249 crore in FY24. At the close of today’s trading session, Delhivery’s share price stood at Rs 321 per share, giving the company a market capitalization of Rs 23,957 crore.

Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93%

EntrackrEntrackr · 3m ago
Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93%
Medial

Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93% Vyapar’s operating revenue rose 53% year-on-year to Rs 69 crore in FY25, up from Rs 45 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Business accounting software provider Vyapar continued to operate deep in the red in FY25 even as it expanded its year-on-year scale. The Delhi-based company’s losses remained high, though they narrowed, and its cash buffer eroded significantly during the last fiscal year. Founded in 2018, Vyapar helps SMEs keep track of their receivables and payables, inventory management, send customized invoices, payment reminders and transaction messages in multiple languages. Revenue from the sale of its software’s license accounted for 90% of the income while the rest came from provision of its services (subscriptions fee). Employee benefits remained the company’s largest cost component accounting for 72% of the total expense. This expense increased 11% to Rs 102 crore in FY25 from Rs 92 crore in FY24. Other operating overheads such as customer support cost, rent, marketing, etc added the remaining Rs 39 crore to the total income which increased by 11% year-on-year to Rs 141 crore in FY25 from Rs 127.5 crore in FY24. At the bottom line, the company reduced its net loss by 13% to Rs 63 crore, compared to Rs 72.6 crore in FY24. Its ROCE and EBITDA margin stood at -62.61% and -102.9% respectively. On a unit basis, the company spent Rs 2.04 to earn a rupee of operating revenue in FY25. The company’s current assets decreased to Rs 89 crore in FY25 from Rs 141 crore in FY24. Its cash and bank balance was cut by 93% to Rs 6 crore in FY25 from Rs 91 crore in FY24. Vyapar has raised a total of $36 million of funding till date, having Indiamart and WestBridge as its lead investors which owns 25.5% and 16% of the company respectively.

Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25

EntrackrEntrackr · 3m ago
Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25
Medial

Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25 Distribution and supply chain platform Ripplr posted nearly three-fold GMV growth in FY24. However, its growth momentum slowed sharply as it barely achieved double-digit growth in the last fiscal year. Ripplr’s gross revenue grew by 13% to Rs 1,164 crore in FY25 from Rs 1,028 crore in FY24, according to its annual financial statement. For the uninitiated, Ripplr offers a plug-and-play distribution network as a service to digitize and manage brand operations. Goods sales accounted for 92% of Ripplr's total gross revenue, which increased by 14% year-on-year to Rs 1,068 crore in FY25. Income from logistics and warehousing were other revenue drivers for the 3One4 Capital-backed firm. Cost of materials remained the largest expense for the company which formed nearly 81% of total expenditure and rose 14.5% to Rs 1,018 crore in FY25 from Rs 889 crore in FY24. However, its employee benefit expenses declined sharply by 33% to Rs 40 crore in FY25 from Rs 60 crore in FY24. Depreciation, finance costs, and professional fees collectively added another Rs 32.5 crore while other expenses, covering logistics, store operations, and miscellaneous overheads, rose 14.5% to Rs 169.5 crore. Overall, Ripple’s total expenses increased 12% to Rs 1,260 crore in FY25. Ripplr posted a loss of Rs 91 crore in FY25, almost identical to Rs 90 crore it lost in FY24. The firm’s ROCE and EBITDA margin improved slightly to -30% and -5.88% respectively. On a unit level, Ripplr spent Rs 1.08 to earn a rupee of operating revenue in FY25, compared to Rs 1.10 in the previous fiscal. The Bengaluru-based firm recorded cash and bank balances of Rs 63 crore, while current assets rose to Rs 381 crore in FY25. Ripplr is reportedly in discussions to raise Rs 400 crore from SBI and existing investors. Before this, the company raised over $45 million. According to startup data intelligence platform TheKredible, Sojitz Corporation and 3One4 Capital are their notable investors.

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