🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Akumentis Healthcare posts Rs 66 Cr profit in FY25, revenue grows 9%

EntrackrEntrackr · 2m ago
Akumentis Healthcare posts Rs 66 Cr profit in FY25, revenue grows 9%
Medial

Akumentis Healthcare, a pharmaceutical company, reported a profit of Rs 66 crore in the fiscal year ending March 2025, marking a 16.8% increase compared to FY24. The company achieved this growth on the back of consistent revenue and controlled operating costs. Akumentis’ revenue from operations grew by 9% to Rs 433.5 crore in FY25 from Rs 398 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Akumentis Healthcare operates on a branded formulations model, focusing on prescription-driven pharmaceuticals across therapeutic areas such as cardiology, dermatology, orthopedics, and gynecology. Sale of the products was the sole source of revenue. On the expense side, the cost of materials rose by 7.6% to Rs 113 crore in FY25 from Rs 105 crore in FY24. Employee benefit expenses increased by 8% to Rs 132 crore, while advertising expenses remained flat at Rs 39 crore. Travelling expenses rose 7% to Rs 30 crore, whereas legal and professional fees surged 25% to Rs 20 crore during the year. Overall, Akumentis’ total expenses grew nearly 9% to Rs 361.5 crore in FY25 from Rs 333 crore in FY24. The combination of steady top-line growth and measured spending helped the company expand profitability. Akumentis’ profit rose by 17% to Rs 66 crore in FY25 from Rs 56.5 crore in FY24. Its ROCE and EBITDA margin stood at 43.70% and 19.91% respectively. On a unit level, the company spent Rs 0.83 to earn a rupee during FY25. The company recorded current assets worth Rs 167 crore in FY25, including Rs 92 crore in cash and bank balances. According to TheKredible, Akumentis has raised a total of $19 million of funding till date, with Peak XV Partners as its lead investor.

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

EntrackrEntrackr · 5d 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.

PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25

EntrackrEntrackr · 10m ago
PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25
Medial

PB Fintech’s revenue increased to Rs 1,292 crore in Q3 FY25 as compared to Rs 871 crore during Q3 FY24, as per the firm’s unaudited consolidated financial results. PB Fintech, the parent company of Policybazaar and Paisabazaar, recorded a 48.3% year-on-year increase in revenue during the third quarter of the ongoing fiscal year (FY25). At the same time, the firm nearly doubled its profits, maintaining strong growth in earnings. Insurance broking formed 87.6% of the total collections which surged by 62.4% to Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 8% to Rs 160 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,392 crore in Q3 FY25, compared to Rs 965 crore in the same quarter of the previous fiscal year. For PB Fintech, employee benefits cost remained the largest cost center forming 37% of the overall expenditure. This cost increased by 22.4% YoY to Rs 487 crore in Q3 FY25 from Rs 398 crore in Q3 FY24. This includes Rs 51 crore as ESOP expense (non-cash). The company’s spending on advertising and promotional grew 34% to Rs 289 crore. Its network, internet, legal, rent, and other overheads pushed its total expenditure to Rs 1,307 crore in Q3 FY25 from Rs 926 crore in Q3 FY24. The significant year-on-year growth helped PB Fintech to post a 94.6% surge in profits to Rs 72 crore in Q3 FY25 from Rs 37 crore in the third quarter of the previous fiscal year. On a unit level, the Gurugram-based firm spent Rs 1.01 to earn a rupee in Q3 FY25. PB Fintech ended the day on January 30 with a share price of Rs 1,659.7 and a total market capitalization of Rs 76,225 crore (approximately $9 billion).

Glance crosses Rs 600 Cr revenue in FY24 with improved economics

EntrackrEntrackr · 1y ago
Glance crosses Rs 600 Cr revenue in FY24 with improved economics
Medial

Consumer technology company Glance has demonstrated impressive financial performance over the past two fiscal years (FY23 and FY24) registering a 3.4X growth from Rs 178 crore or $22 million in FY22 to Rs 614 crore or $73.1 million during the fiscal year ending March 2024. Glance’s revenue from operations grew 89% year-on-year to Rs 614 crore in FY24 from Rs 325 crore in FY23, according to its consolidated financial statements filed by the group’s holding entity in Singapore. Launched in 2019, Glance which is part of InMobi's ecosystem, is known for its AI-powered smart lock screen platform that transforms the way users engage with their smartphones. It has a user base of over 300 million. It brings together other consumer platforms like Roposo (shoppertainment) and Nostra (gaming) Advertising services contributed 54.7% of total revenue, growing by 35.7% to Rs 336 crore in FY24 from Rs 248 crore in FY23. Revenue from the commerce (shoppertainment) segment stood at Rs 254 crore. Glance also earned Rs 15.9 crore from financial income (interest) which tallied the overall revenue to Rs 640 crore in FY24. Like many technology startups, employee benefits were the largest cost driver for Glance, accounting for 28.28% of its total expenses. This cost saw a marginal increase, rising to Rs 444 crore in FY24 from Rs 424 crore in FY23. It includes Rs 71.4 crore as ESOP cost. Glance’s shipping, marketing/selling, and infrastructure costs stood at Rs 200 crore, Rs 436 crore and Rs 201 crore, respectively. Software, publisher, legal, and travel are some other overheads that took the overall burn to Rs 1,569 crore in FY24 from Rs 1,448 crore in FY23. The decent scale and controlled expenditure helped Glance to reduce its losses by 15% to Rs 929 crore in FY24 from Rs 1,094 crore in FY23. Notably, this marks the first fiscal year in which the company narrowed losses. Its ROCE and EBITDA margin stood at -1191% and 134.9% respectively. On a unit level, it spent Rs 2.55 to earn a rupee in FY24. Glace has raised around $390 million and was valued at $1.6 billion in its last round of $200 million led by the Jio Platform in 2022. According to the startup data intelligence platform TheKredible, Jio Platform is the largest external stakeholder with 20.27% followed by Google which owns 10.13%. Its parent company InMobi commands 50.45% of the company. Glance’s current assets stood at Rs 428 crore. As per the Fintrackr estimates, its enterprise value to revenue multiple was 21.8X.

Wealthy’s revenue surges 72% in FY25, losses touch Rs 35 Cr

EntrackrEntrackr · 1m ago
Wealthy’s revenue surges 72% in FY25, losses touch Rs 35 Cr
Medial

Wealthy, an investment advisory and wealth management platform, achieved a 72% year-on-year increase in scale during FY25. This came after a two-fold expansion in the preceding fiscal year (FY24), showing the firm's continued growth momentum. Wealthy’s revenue from operations grew to Rs 25 crore in FY25 from Rs 14.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Revenue from brokerage services was its largest stream which accounted for 56% of the total income. This income more than doubled to Rs 14 crore in FY25 from Rs 6.3 crore in FY24. Revenue from advisory services brought in Rs 9 crore, a 24% year-on-year increase, while commission income surged 110% to Rs 2 crore during the period. Wealthy also reported Rs 10 crore as non-operating income, pushing its total income to Rs 35 crore in FY25. Employee benefit expenses remained its largest cost center, forming over 53% of the total expenses. This cost grew 23% to Rs 37 crore in FY25 from Rs 30 crore in FY24. Legal and professional fees more than doubled to Rs 9 crore, while commission costs increased 69% to Rs 7.6 crore. Advertising spend also saw a sharp rise of 92% to Rs 2.5 crore in the last fiscal year. Overall, Wealthy’s total expenditure rose 41% year-on-year to Rs 70 crore in FY25 from Rs 49.5 crore in the previous fiscal year. The AWI-backed company recorded a net loss of Rs 35 crore in the last fiscal year, which went up by 46% from Rs 24 crore in FY24. Its ROCE and EBITDA margin stood at -155.17% and -152%, respectively. On a unit level, the firm spent Rs 2.8 to earn a rupee of operating revenue during FY25, compared to Rs 3.41 in FY24. As of March 2025, the Bengaluru-based firm recorded current assets worth Rs 17.5 crore including Rs 7 crore in cash and bank balance. According to startup data intelligence platform TheKredible, Wealthy has raised a total of Rs 117.27 crore including Rs 45 crore in Series B round led by Falcon Edge’s Alpha Wave Incubation Fund which is the largest stakeholder with close to 23% as of the firm’s Series A. Its co-founders Aditya Agarwal and Prashant Gupta together own 34.5% of the company.

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