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Mokobara revenue doubles to Rs 230 Cr in FY25

EntrackrEntrackr · 4h ago
Mokobara revenue doubles to Rs 230 Cr in FY25
Medial

Mokobara revenue doubles to Rs 230 Cr in FY25 Peak XV-backed D2C luggage and travel accessories brand, Mokobara, has scaled up more than fourfold over the last two fiscal years, with its operating revenue rising to Rs 230 crore in FY25 from Rs 53 crore in FY23. Mokobara’s revenue from operations surged by 97% to Rs 230 crore in FY25 from Rs 117 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). The company earns revenue mainly from the sale of luggage, backpacks, and travel accessories through its online and offline channels. The sale of these products was the sole source of revenue for the company in FY25. The firm posted Rs 10 crore in interest income, which took its total income to Rs 240 crore in FY25, compared to Rs 119 crore in FY24. The cost of procurement was the largest expense for the luggage-selling company. This cost surged 91% to Rs 109 crore and accounted for 43% of the overall spend in FY25. Advertising expenses rose 88% to Rs 46 crore in FY25. Employee benefit expenses almost doubled to Rs 25 crore while logistics charges and warehousing costs stood at Rs 11 crore and Rs 8 crore, respectively. Overall, Mokobara’s total expenses more than doubled to Rs 251 crore in FY25 from Rs 123 crore in FY24. In the end, the company posted a net loss of Rs 10 crore in FY25, compared to a loss of Rs 4 crore in the previous fiscal year. Its ROCE and EBITDA margin stood at -11.61% and -6.52% respectively. On a unit basis, the company spent Rs 1.09 to earn a rupee during the fiscal year. The Mumbai-based firm reported cash and bank balances of Rs 72.5 crore, while its current assets stood at Rs 204 crore in FY25. Mokobara has raised around $24 million in funding to date, with Sauce, Saama Capital, and Peak XV Partners as its lead investors. Mokobara competes with the likes of Nasher Miles, Zouk Bags, and Acefour Accessories. The luggage and accessories space has been one of the big ones to wake up after seemingly decades of slumber till 2020. It has seen multiple brands emerge since, and Mokobara has done well to capture significant mind space as a premium offering. The company has built offline reach as well, with new stores in the past year, so costs will take a while to settle, even as sales are pushed hard to keep losses in check. Outsourced manufacturing and design have enabled many firms to test the segment, and it’s clearly a buyers' market for now. Mokobara has the reserves to make a break for the 500 crore milestone before needing any further funding, and it remains to be seen how it charts that path. It could come as early as FY26 if plans work out, and definitely by FY27, looking at momentum. Before that, will the firm become a target for acquisition? We will wait and watch.

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CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

EntrackrEntrackr · 3m ago
CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr
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CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25. CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25. The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore. The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively. On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26. A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25. On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore. The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel.

Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink

EntrackrEntrackr · 10d ago
Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink
Medial

Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink FY25 stood out as an exceptional year for Purplle. The company more than doubled its operating revenue to Rs 1,367 crore in FY25 from Rs 680 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Founded in 2012, Purplle operates through a dual business model comprising a third-party marketplace and a growing portfolio of private labels. Its owned brands include Faces Canada, Good Vibes, Alps Goodness, Carmesi, and DermDoc. The company’s online platform caters to over 10 million monthly active users, supported by nearly 20,000 offline touchpoints across India. A closer look at revenue composition shows that the sale of owned-brand products remained the primary growth engine, contributing 82.5% of operating revenue. Income from this segment surged 4X to Rs 1,129 crore in FY25. In contrast, marketing income declined 22.2% to Rs 225 crore during the year. Purplle also reported Rs 45 crore in other income, largely from interest, taking its total income to Rs 1,409 crore in FY25. Among its subsidiaries, Manash E-Commerce Private Limited emerged as the largest contributor, generating Rs 989 crore in revenue during FY25. Faces Canada contributed Rs 373 crore, while Newgen Internet Private Limited (Glamrs) added Rs 4 crore to Purplle’s operating income. On the expense front, procurement costs jumped 5.6X to Rs 671 crore in FY25. Employee benefit expenses declined by 7% to Rs 176 crore during the year. Advertising remained significant, with Purplle spending Rs 218 crore, while transportation expenses stood at Rs 100 crore. At a unit level, Purplle spent Rs 1.08 to earn every rupee of operating revenue in FY25. Its EBITDA margin and ROCE improved to -7% and -4.1%, respectively. As of March 2025, the company’s current assets stood at Rs 1,377 crore, including cash and bank balances of Rs 273 crore on a consolidated basis. To date, Purplle has raised over $500 million in funding, including a $180 million Series F round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation from existing investors such as Premji Invest and Blume Ventures.

Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even

EntrackrEntrackr · 2m ago
Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even
Medial

Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even Mosaic Wellness, the parent company of digital-first health and wellness brands Man Matters and Bodywise, continued its growth trajectory in FY25, more than doubling its scale while significantly narrowing its losses in the fiscal year ending March 2025. The company’s operating revenue spiked 2.2X to Rs 736 crore in FY25 from Rs 333 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Mosaic Wellness is a digital-first consumer health platform that runs separate brands for men, women, and kids. Its flagship brand ManMatters offers solutions across derma, sexual health, hygiene, and nutrition. The company has not disclosed the revenue from its brands separately but the sale of health and wellness products was the only source of income for Mosaic Wellness in FY25. It also added Rs 13 crore from the interest on deposits and gain on sale on investments which brought its total revenue to Rs 749 crore in the last fiscal year. The company’s advertising expense remained its largest cost centre, accounting for 35% of the total spend. This cost nearly doubled to Rs 267 crore in FY25 from Rs 138 crore. The cost of materials also grew sharply to Rs 193 crore, forming over 25% of the expenditure. Meanwhile, the company’s employee benefit expense remained stable at Rs 63 crore in FY25. Overall, Mosaic Wellness’ total expense doubled to Rs 758 crore in FY25 from Rs 380 crore in FY24. With the company’s revenue outpacing expense growth, the company managed to bring down its net loss by 69%, narrowing it to Rs 12 crore in FY25 from Rs 39 crore in FY24. Its ROCE and EBITDA margin stood at -6.55% and -2.79%, respectively. Mosaic Wellness spent Rs 1.03 to earn a rupee of operating revenue in FY25, an improvement from Rs 1.14 in the previous year. The firm closed the fiscal with Rs 49 crore in cash and bank balances, while its current assets nearly doubled to Rs 325 crore. According to TheKredible, the company has raised a total of $63 million of funding till date, having Elevation Capital, Peak XV Partners and Matrix Partners as its lead investors. The company’s co-founders Revant Bhate and Dhyanesh Shah own around 35% of the company.

Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles

EntrackrEntrackr · 2m ago
Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles
Medial

Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles Online travel aggregator Yatra reported strong year-on-year growth in both revenue and profit. The Gurugram-based firm nearly doubled its profit in Q2 FY26, with revenue rising by 48% during the same period. Yatra’s revenue from operations increased 48% to Rs 350.8 crore in Q2 FY26 from Rs 236.4 crore in Q2 FY25, according to its consolidated unaudited financials sourced from the National Stock Exchange (NSE). Income from hotels and packages was the company’s largest revenue contributor, followed by air ticketing and other allied services. It also earned Rs 5 crore from non-operating sources, bringing its total income to Rs 356 crore in Q2 FY26, up from Rs 215.4 crore in Q2 FY25. The travel aggregator allocated 66% of its total expenses to service costs, which amounted to Rs 225.14 crore, followed by employee benefits at Rs 41 crore. Additional spending on payment gateway charges, marketing, legal, IT, and other overheads pushed its total expenditure to Rs 339 crore in Q2 FY26. A 48% rise in operating revenue drove the company’s profit up by 95% to Rs 14.27 crore in Q2 FY26, compared to Rs 7.3 crore in Q2 FY25. On a unit level, the firm spent Re 0.97 to earn one rupee of revenue during the quarter. On a half-yearly basis, Yatra’s operating revenue surged 66% year-on-year to Rs 560.6 crore while the firm’s profits nearly tripled to Rs 30.27 crore during the same period. Following its strong financial results, Yatra’s stock surged 15% to close at Rs 167, taking the company’s market capitalization to Rs 2,602.77 crore at the end of today’s trading session.

The Indian Garage Co doubles revenue to Rs 204 Cr in FY25; slips into losses

EntrackrEntrackr · 18d ago
The Indian Garage Co doubles revenue to Rs 204 Cr in FY25; slips into losses
Medial

The Indian Garage Co doubles revenue to Rs 204 Cr in FY25; slips into losses The Indian Garage Co, a Bengaluru-based men’s apparel brand, has doubled its scale in the last fiscal year ending March 31, 2025. However, in order to achieve scale, the company lost its profitability as expenses seconded revenue growth. The company’s operating revenue doubled to Rs 204 crore in FY25 from Rs 101.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). The Indian Garage Co is a D2C firm that designs, manufactures, and sells men’s apparel under its in-house brands, catering to the mass-premium segment. Revenue from the sale of its products was the sole source of income for the company. The company’s total income increased to Rs 207 crore in FY25 from Rs 103 crore a year earlier. On the spending side, the cost of material remained the largest expense, accounting for nearly 44% of total expenditure. This cost surged 142% to Rs 104 crore in FY25 from Rs 43 crore in FY24. Job work charges increased 193% to Rs 41 crore, while employee benefit expenses jumped 240% to Rs 17 crore during the year. Depreciation expenses grew threefold to Rs 18 crore, and transportation and distribution costs rose 38.5% to Rs 18 crore. Other overheads added another Rs 39.5 crore to the cost. Overall, total expenses surged 147% to Rs 237.5 crore in FY25 from Rs 96 crore in FY24. With expenses growing faster than revenue, The Indian Garage Co posted a loss of Rs 23 crore in FY25, as compared to a profit of Rs 5 crore in FY24. Its ROCE and EBITDA margin stood at -10.44% and -6.37% respectively. On a unit basis, the company spent Rs 1.16 to earn a Rupee of operating revenue in FY25. The Indian Garage Co reported cash and bank balances of an alarming Rs 3 lakh at the end of FY25, significantly lower than Rs 2.5 crore in FY24. Its current assets stood at Rs 32 crore in the same period. According to Thekredible, The Indian Garage Co has raised a total of $17 million of funding till date, having Aditya Birla Group as its lead investor. The company’s Founder & CEO, Anant Tanted owns 32.34% of the company.

TBO Tek posts Rs 446 Cr revenue and Rs 59 Cr PAT in Q4 FY25

EntrackrEntrackr · 8m ago
TBO Tek posts Rs 446 Cr revenue and Rs 59 Cr PAT in Q4 FY25
Medial

Business-focused travel distribution platform Travel Boutique Online (TBO) has recorded a 21% year-on-year increase in its revenue while its profits grew 28.3% during the fourth quarter of the last fiscal year (FY25). TBO’s operating revenue increased to Rs 446 crore in Q4 FY25 from Rs 369 crore in Q3 FY24, its consolidated financial statements sourced from the National Stock Exchange (NSE) show. Income from the booking of hotels and packages accounted for 80% of TBO’s revenue, which increased to Rs 357 crore in Q4 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 79 crore and Rs 10 crore to the firm’s coffers. Hotels and packages, as the top revenue source, made service fees the largest cost center, accounting for 33.75% of total expenditure or Rs 135 crore in Q4 FY25. Employee benefits were Rs 99 crore in the same quarter. Overall, total costs rose to Rs 400 crore in Q4 FY25 from Rs 325 crore in Q4 FY24. The decent surge in scale and controlled expenditure led TBO to post a 28.3% YOY increase in its profits after tax to Rs 59 crore in Q4 FY25 from Rs 46 crore in Q4 FY24. However, for the full fiscal year, it posted a 15% YoY increase in PAT to Rs 230 crore in the previous fiscal (FY25). At the end of today’s (Thursday, May 22) trading session, TBO Tek saw around a 3% decrease in its stock, which stood at Rs 1,197 with a total market capitalization of Rs 13,005 crore or ($1.53 billion).

Mokobara reports Rs 117 Cr revenue and Rs 4 Cr loss in FY24

EntrackrEntrackr · 1y ago
Mokobara reports Rs 117 Cr revenue and Rs 4 Cr loss in FY24
Medial

Peak XV-backed Mokobara grew rapidly in the fiscal year ending March 2024, with its operating scale surging 2.2X. Simultaneously, the Bengaluru-based firm halved its losses during the same period. Mokobara's revenue from operations spiked to Rs 117.4 crore in the last fiscal year from Rs 53.3 crore in FY23, according to its financial statement sourced from the Registrar of Companies (RoC). Mokobara is an Indian direct to customer luggage brand which offers wallets, travel bags, kits, sling bags and other travel accessories. Sale of these products was the sole source of revenue for the company in FY24. The company also earned additional Rs 1.6 crore from interest income which pushed its total income to Rs 119.03 crore in FY24. On the expense side, the largest expense category, material costs, spiked 2X to Rs 57.28 crore, constituting 46.5% of the total expenses. Advertising expenses grew by 37.9% to Rs 22.64 crore, while employee benefit costs rose sharply by 2.6X to Rs 13.02 crore. Overall, Mokobara's total costs doubled to Rs 123.3 crore in the last fiscal year from Rs 61.9 crore in FY23. In the end, Mokobara managed to halve its losses to Rs 4.24 crore in FY24 from Rs 8.21 crore in FY23. Its ROCE and EBITDA margin stood at -0.97% and -0.92%, respectively. On a unit basis, the company spent Rs 1.05 to earn a rupee of operating revenue during the last fiscal year. The company's current assets grew to Rs 182.6 crore in FY24, driven by increased cash and bank balances, which surged to Rs 111.67 crore. By the end of FY24, Mokobara raised $12 million led by Peak XV. It competes with Uppercase, Assembly, Nasher Miles, and EUME, all of which secured funding in 2024. Uppercase raised $9 million in August, Assembly secured $2 million led by Prath Capital, Nasher Miles raised $4 million in a bridge round, and EUME received funds in a seed round. Mokobara has made its mark, and done it well by easing almost into profits, in a market that has begun to see a 'once in 30 years' sort of upheaval. If it was Safari upending the cozy duopoly of VIP industries and Samsonite earlier, it is brands like Mokobara that are still slicing and dicing the market for more discerning customers. Investors clearly see the signs, but are probably not as convinced about the eventual potential in the mature category, which explains the tentative size of the bets. Mokobara has the clear opportunity in D2C, and the focus should hold it in good stead to establish itself more firmly.

Yatra profit spikes 10X in Q3 FY25; revenue doubles

EntrackrEntrackr · 11m ago
Yatra profit spikes 10X in Q3 FY25; revenue doubles
Medial

Yatra’s revenue from operations increased to Rs 235 crore in Q3 FY25 from Rs 110 crore in Q3 FY24, its consolidated unaudited financials sourced from National Stock Exchange (NSE) shows. The Gurugram-based firm managed to double its year-on-year revenue during the third quarter of FY25, compared to the same quarter of the previous fiscal (Q3 FY24). Income from hotels and packages was the largest revenue source followed by air ticketing and other allied services. It also made Rs 6 crore from financial sources tallying the firm’s overall income to Rs 241 crore in Q3 FY25 from Rs 119.2 crore in Q3 FY24. For more context, Yatra has reported a revenue of Rs 572 crore with a positive bottom line of Rs 21.3 crore in the first nine months of the ongoing fiscal year (FY25). The travel aggregator firm spent 56% of the overall expenditure on service costs which stood at Rs 131 crore, followed by employee benefits which were recorded at Rs 39 crore. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 231 crore in Q3 FY25. The twofold year-on-year scale helped Yatra to register a 10X surge in its profits, bringing it to Rs 10 crore in Q3 FY25 against Rs 1 crore in Q3 FY24. On a unit level, the firm spent Re 0.98 to earn a rupee in Q3 FY25. Yatra is currently trading at Rs 93.21 with a 0.52% increase in its share price. Its total market capitalization stood at Rs 1,462 crore.

Luggage brand EUME raises Rs 15 Cr in new round

EntrackrEntrackr · 1y ago
Luggage brand EUME raises Rs 15 Cr in new round
Medial

EUME, a sustainable and eco-conscious luggage brand, has raised Rs 15 crore ($1.7 million) in a new round led by Ashish Kacholia. This is the second funding raised by the Mumbai-based startup. In February last year, EUME had raised an undisclosed amount from Mumbai Angels. The proceeds will be used to ramp up operations, expand the team, drive innovation, build an offline retail presence, invest in technology and enhance brand awareness. Founded by Naina Parek, the startup offers a diverse product portfolio, which includes luggage, backpacks, vegan handbags, and accessories, among others. Last year, EUME claimed to have clocked a monthly run-rate of Rs 1.8 crore.It targets a revenue of Rs 65-70 crore by the end of FY25. Its sales are split evenly between its own website and marketplaces. The startup also plans to launch its flagship store in Mumbai this year. Earlier this year, luggage brand Mokobara raised $12 million in a Series B funding round led by Peak XV Partners. Besides Mokobara, EUME also competes with Assembly and Uppercase.

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