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OneCard posts Rs 1,878 Cr revenue in FY25, cuts losses by 26%

EntrackrEntrackr · 1m ago
OneCard posts Rs 1,878 Cr revenue in FY25, cuts losses by 26%
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OneCard posts Rs 1,878 Cr revenue in FY25, cuts losses by 26% Mobile-first credit card startup OneCard continued to scale and moved close to the Rs 2,000 crore mark, with total revenue crossing Rs 1,900 crore in the fiscal year ended March 31, 2025. The company also reduced its losses during the year. OneCard’s operating revenue increased by 32% to Rs 1,878 crore in FY25 from Rs 1,425.5 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Founded in 2019, OneCard (FPL Technologies) provides co-branded credit cards, largely aimed at first-time users, through partnerships with IDFC First Bank, Federal Bank and SBM Bank. It also runs OneScore, an app for credit score tracking and credit management. Revenue from these services was the sole source of income for the company. Despite strong growth, OneCard continued to post losses, although cash burn eased. The company reported a loss of Rs 297.5 crore in FY25, down 26% from Rs 401 crore in FY24. On the cost side, OneCard’s total expenses grew 18% to Rs 2,206 crore in FY25 from Rs 1,866 crore in FY24. However, the company failed to disclose the majority of its expense breakdown, with 73% of its total expenditure being reported under miscellaneous expenses. Advertising and promotional spends saw a notable decline of nearly 40% to Rs 294 crore in FY25 from Rs 488 crore in FY24. Employee benefit expenses increased 26% to Rs 181.5 crore, while IT expenses rose 14% to Rs 67 crore. Finance costs almost doubled to Rs 18 crore during the year. With the company’s revenue outgrowing its expenses, OneCard’s loss decreased 26% to Rs 297.5 crore in FY25 from Rs 401 crore in FY24. Its ROCE and EBITDA margin stood at -41.03% and -15.71% respectively. On a unit basis, OneCard spent Rs 1.17 to earn Re 1 of operating revenue during FY25, better than Rs 1.31 in FY24. The company held cash and bank balances worth Rs 321 crore at the end of FY25 compared to Rs 447.5 crore a year earlier. Its current assets stood at Rs 907 crore in the same period. According to TheKredible, OneCard has raised over $270 million to date. The company is in the process of raising Rs 40 crore (approximately $4.5 million) in debt funding from existing investor Alteria Capital. Recently, OneCard came under the Reserve Bank of India’s (RBI) scrutiny, with the regulator reportedly asking its partner banks to halt the issuance of co-branded credit cards. The RBI is said to be seeking greater clarity on how data is shared between OneCard and its banking partners.

INDmoney’s revenue jumps 2.3X to Rs 164 Cr in FY25

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INDmoney’s revenue jumps 2.3X to Rs 164 Cr in FY25
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INDmoney’s operating revenue surged 2.3X year-on-year to Rs 164 crore in FY25, compared to Rs 70 crore in FY24. Its total revenue grew 67% to Rs 214 crore during the same period. Wealth management and investing platform INDmoney more than doubled its operating revenue in FY25. However, the company’s losses widened during the year as it stepped up investments across trading, lending, and global investing infrastructure. Unlike trading-led brokerages, INDmoney said that less than 10% of its revenue in FY25 came from futures and options (F&O) trading, with the bulk of income generated from long-term investor behaviour. Around 85% of the company’s revenue now has annuity or perpetuity-like characteristics, led by recurring investments, long-term asset holding, and repeat usage across products. According to the company, the platform earns revenue across multiple segments, including Indian and US equities, cross-border remittances, wealth management services, secured lending, insurance, and other financial products. The company also recently introduced trading services under a separate platform, INDstocks. On the bottom line, INDmoney’s cash losses widened to Rs 76 crore in FY25, compared to Rs 32 crore in FY24. As per the company, the increase in losses was primarily due to front-loaded investments during the year. These included building a full-stack Indian trading infrastructure, expanding global investing capabilities through GIFT City, setting up in-house lending rails for its NBFC business, strengthening compliance and technology systems, and higher user acquisition costs related to INDstocks. INDmoney has raised $133 million since its inception in 2019. The Ashish Kashyap-led company raised its latest funding worth $75 million in January 2022 at a valuation of more than $600 million.

L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25

EntrackrEntrackr · 4m ago
L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25
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L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25 L'Oréal India managed single-digit year-on-year revenue growth for the fiscal year ending March 2025. However, the Indian arm of the French cosmetics major increased its profit after tax (PAT) by 20% in FY25, approaching the Rs 600 crore threshold. The company’s revenue from operations rose 6% to Rs 5,925 crore in the fiscal year ending March 2025, compared to Rs 5,576 crore in FY24, as per its financial statements filed with the Registrar of Companies (RoC). The company made 96% of its revenue from the sale of products, which contributed Rs 5,687 crore to the operating revenue in FY25, which increased 6% from Rs 5,368 crore in FY24. Income from services, which includes contract research and innovation income along with service recharge income, grew 15.5% to Rs 234 crore. Advertising expenses continued to dominate the cost structure, accounting for 32% of the overall spend, though it contracted 3% to Rs 1,663 crore in FY25 from Rs 1,714 crore in FY24. Cost of material consumed grew 6% to Rs 1,329 crore, making up 26% of the expenditure, while employee benefits rose 8.3% to Rs 576 crore during the last fiscal year. Other expenses, including transportation and miscellaneous overheads, stood at Rs 1,445 crore during the year. Overall, total expenses inched up by just 2.8% to Rs 5,162 crore in FY25 from Rs 5,023 crore in FY24. With the company’s revenue growth outpacing expense, L'Oréal India increased its profit by 23% to Rs 597 crore in FY25. Its ROCE and EBITDA margin stood at 86.85% and 15.57%, respectively. On a per-unit basis, L'Oréal India spent Rs 0.87 to earn a rupee of operating revenue in FY25, an improvement over Rs 0.90 in FY24. The company closed the last fiscal year with Rs 515 crore in cash and bank balances, while current assets grew to Rs 2,045.

Teachmint’s revenue jumps 4.3X in FY25

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Teachmint’s revenue jumps 4.3X in FY25
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Teachmint’s revenue jumps 4.3X in FY25 According to the company’s filings with the Ministry of Corporate Affairs, Teachmint’s operating revenue surged 4.3X to Rs 74 crore in FY25. Kunal Manchanada 11 Oct 2025 According to the company’s filings with the Ministry of Corporate Affairs, Teachmint’s operating revenue surged 4.3X to Rs 74 crore in FY25. Teachmint’s growth was fueled by its AI-driven smart classroom products, X and X2. It also launched its Android 14-based, Google EDLA-certified X2 features an in-built NPU for local AI use in 2025. Sales of these products and related services were Teachmint’s sole revenue source in FY25. Including other income, Teachmint’s total revenue surpassed the Rs 100 crore milestone in the last fiscal year, recording a significant achievement for the Bengaluru-based edtech firm as it continued to scale its presence across schools and institutions. “Teachmint’s AI-powered tools support teachers in real-time, enhancing engagement and efficiency, while operational improvements in distribution, product development, and customer support contributed to better financial outcomes,” a company spokesperson said. On the expense front, procurement of inventory was the largest cost center for Teachmint, contributing 35.7% of the total cost. During the last fiscal year, the company managed to reduce its employee benefits by 55.3% to Rs 48 crore from Rs 107.7 crore in FY25. Its legal, freight, advertising, outsourcing, and other overheads took the overall cost to Rs 148 crore in FY25, down from Rs 160 crore in FY24. Driven by over 4X revenue growth and a sharp cut in employee costs, Teachmint reduced its losses by 57% to Rs 46.6 crore in FY25. Its ROCE, EBITDA, and expense-to-revenue ratio also showed improvement. In a recent development, Rashi Peripherals, one of India’s largest IT distribution companies, partnered with Teachmint to distribute its interactive panels and digital classroom tools across the country. Teachmint, which counts Lightspeed, Learn Capital, Rocketship, Goodwater, and Better Capital among its backers, has raised over $100 million to date.

Yulu revenue jumps 98% in FY25; losses stand at Rs 126 Cr

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Yulu revenue jumps 98% in FY25; losses stand at Rs 126 Cr
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Fintrackr All Stories Yulu revenue jumps 98% in FY25; losses stand at Rs 126 Cr Electric mobility startup Yulu has nearly doubled its revenue in the fiscal year ended March 2025 to Rs 237.4 crore. At the same time, the company cut down losses by 12% to Rs 126 crore. Yulu’s operating revenue jumped 98% year-on-year to Rs 237.4 crore in FY25 from Rs 120 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Eight-year-old Yulu offers last-mile connectivity by renting electric bikes and operating an extensive EV charging and battery-swapping network. The company provides urban Mobility-as-a-Service (MaaS) across Bengaluru, Mumbai, and Delhi-NCR. Rental income from electric vehicles remained Yulu’s dominant revenue driver, forming nearly 85% of its operating revenue at Rs 201 crore in FY25. Sales of electric bikes and accessories contributed another Rs 22.67 crore. The company also earned Rs 13.24 crore by supplying riders, field staff, and other manpower services to clients. The rest of its operating income came from franchise operations and delivery-related services. The company also earned Rs 4.53 crore from interest on fixed deposits, current investments and dividend income, taking its total revenue to Rs 241.9 crore. On the expense side, the cost of materials was the largest cost centre, accounting for 43.23% of total expenses which rose 53% to Rs 151.56 crore in FY25. Employee benefits expenses remained flat at Rs 88.43 crore including Rs 9.35 crore in ESOP costs, while depreciation and amortisation surged over 70% to Rs 66 crore. Other overheads, including advertising expenses, rent, and legal and professional fees, pushed total expenses to Rs 350.6 crore in the last fiscal year, marking a 36% jump from Rs 258.3 crore in FY24. Coming to the bottom line, the Bajaj-backed company’s 98% jump in revenue enabled it to trim losses by 12% to Rs 126 crore in FY25, compared to Rs 142.8 crore in FY24. Yulu’s EBITDA margin improved to –15.29% from –80.11% in FY24, while EBITDA (loss) stood at Rs 36 crore. On a unit level, the company spent Rs 1.48 to earn a rupee of operating revenue. The company’s current assets stood at Rs 101.95 crore at the end of March 2025. Notably, its cash and bank balance fell 93% to Rs 9.65 crore during the period, down from Rs 142.7 crore in FY24. According to startup data intelligence platform TheKredible, the Bengaluru-based company has raised over $140 million to date, including $19.25 million secured in February last year from Magna and Bajaj Auto.

Chaayos crosses Rs 300 Cr revenue in FY25; EBITDA jumps 6.5X

EntrackrEntrackr · 11d ago
Chaayos crosses Rs 300 Cr revenue in FY25; EBITDA jumps 6.5X
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After flat growth in FY24, Chaayos rebounded in FY25, posting 25% revenue growth to cross Rs 300 crore, while cutting losses by 53% and boosting EBITDA 6.5 times. After flat revenue growth in FY24, tea café chain Chaayos staged a strong comeback in the fiscal year ended March 2025 and posted 25% revenue growth to cross the Rs 300 crore mark. During the same period, the company narrowed its losses by 53%, while EBITDA jumped 6.5 times. Chaayos’ revenue from operations grew by 25% to Rs 310.6 crore in FY25 from Rs 248.6 crore in FY24, according to its consolidated financial statement filed on the Registrar of Companies (Roc). Founded in 2012 by Nitin Saluja and Raghav Verma, Chaayos sells a variety of teas and other snacks and beverages with dine-in, takeaways, and online ordering facilities. It has over 200 outlets across Delhi-NCR, Mumbai and Bengaluru. The company is aiming to have 400 outlets by next year. The sale of teas, snacks, and beverages remained the firm’s primary revenue source. Sales of manufactured goods accounted for over 96% of total revenue at Rs 300 crore, while sales of traded goods stood at Rs 9.5 crore. The company generated Rs 19.1 crore from non-operating income, which took its total income to Rs 329.7 crore in the last fiscal year. On the expense front, Chaayos’ largest cost component, the cost of materials, rose 26% year-on-year to Rs 96.32 crore in FY25. Employee benefits expenses declined marginally by 3% to Rs 78.65 crore. Other major costs included depreciation and amortization at Rs 51.8 crore and commissions, which increased 21% to Rs 31.3 crore. Finance cost and expenses were recorded at Rs 29.42 crore and Rs 14.55 crore respectively. Other expenses, including power & fuel, legal & professional, travelling expenses added another Rs 53 crore to total expenses for the firm, which increased 9% to Rs 355 crore in FY25. A 25% increase in revenue from operations, along with tighter cost control across verticals, helped Chaayos cut its losses by 53% to Rs 25.4 crore in FY25. The company also posted a sharp improvement in profitability, with EBITDA rose nearly 6.5X to Rs 37 crore, while ROCE and EBITDA margin improved to -3.72% and 11.85%, respectively. On a unit basis, the company spent Rs 1.14 to earn one rupee of operating revenue in FY25. As of March 2025, the Tiger Global–backed firm reported current assets of Rs 155.7 crore, which included Rs 17 crore in cash and bank balances. Chaayos has raised over $90 million across multiple funding rounds, including its $45 million Series C round in June 2022 led by Alpha Wave, with participation from Elevation Capital, Tiger Global, and Think Investments.

Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%

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Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%
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Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37% Flipkart Internet, the B2B arm of Walmart-owned Flipkart, reported a 14% year-on-year rise in revenue, crossing the Rs 20,000 crore mark in the fiscal year ending March 2025. The Bengaluru-based firm also reduced its losses by 37%, bringing them below Rs 1,500 crore during the same period. Flipkart Internet’s revenue from operations increased to Rs 20,493 crore in FY25, from Rs 17,907 crore in FY24, as per its consolidated financial statements filed with the Registrar of Companies (RoC). Flipkart’s revenue is driven by marketplace, logistics, and advertising services. Income from marketplace services more than doubled to Rs 7,751 crore in FY25 from Rs 3,734 crore in FY24, contributing 38% to operating revenue. Advertising income surged 27% to Rs 6,317 crore, making up 31% of the topline. However, revenue from logistics services declined by 38% to Rs 4,224 crore, reducing its share to 21%. The firm made an additional Rs 314 crore from non-operating sources, which pushed its total revenue to Rs 20,807 crore in the last fiscal year (FY25). On the cost side, the largest cost head remained logistics service charges, which increased 9% to Rs 7,144 crore, accounting for 32% of total expenses. Employee benefit expenses declined 8% to Rs 4,748 crore, while marketing costs rose sharply by 37% to Rs 4,100 crore, making up 18% of overall costs. Collection charges stood at Rs 2,693 crore (12.1% of expenses) and legal/professional fees at Rs 1,394 crore. Overall, Flipkart Internet’s total expenses grew 8% to Rs 22,311 crore in FY25 from Rs 20,627 crore in FY24. Flipkart Internet managed to cut its losses by 37% to Rs 1,494 crore in FY25, from Rs 2,359 crore in FY24. Its EBITDA losses narrowed to Rs 1,078 crore in FY25 from Rs 1,869 crore in FY24, with the EBITDA margin improving from -10.25% to -5.18%. On a unit level, Flipkart spent Rs 1.09 to earn a rupee in FY25, better than Rs 1.15 in FY24. The company’s current assets stood at Rs 11,952 crore, while cash and bank balances rose to Rs 187 crore.

Three-year-old Zype’s revenue jumps 5X to Rs 101 Cr in FY25

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Three-year-old Zype’s revenue jumps 5X to Rs 101 Cr in FY25
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Three-year-old Zype’s revenue jumps 5X to Rs 101 Cr in FY25 Digital lending startup Zype’s operating revenue surged nearly fivefold to cross Rs 100 crore in FY25, while expenses tripled due to bad debt write-offs and higher NPA provisions. Digital lending startup Zype saw its operating revenue surge nearly fivefold, crossing the Rs 100 crore threshold in the fiscal year ending March 2025. At the same time, its expenses tripled, due to bad debt write-offs (likely NPAs) and increased provisioning for non-performing assets. Zype’s revenue from operations ballooned nearly 5X to Rs 101.3 crore in FY25 from Rs 20.3 crore in FY24, its financial statements sourced from the Registrar of Companies (RoC) show. Zype, which has been operating as a NBFC, provides unsecured personal loans to young salaried professionals for purposes such as weddings, home repairs, and medical expenses. In FY25, interest income from its loan portfolio surged nearly sixfold to Rs 62 crore from Rs 10.58 crore in FY24, contributing 61% of its revenue. Processing fees also expanded 5X to Rs 34.39 crore, accounting for 34% of its topline. Zype also generated Rs 4.8 crore from other operating services, including penal charges, and an additional Rs 4.7 crore from non-operating sources such as interest on fixed deposits, income tax refunds, and gains on mutual funds. This took its total income to Rs 106 crore in FY25. Employee benefit expenses made up 20% of total costs, rising 89% to Rs 24 crore in FY25. Finance costs on borrowings contributed 19%, jumping to Rs 22.6 crore from just Rs 1.6 crore in FY24, while marketing expenses also doubled during the year to Rs 10 crore. The company wrote off bad debts worth Rs 19 crore and made provisioning of Rs 7.95 crore for non-performing assets (NPAs), together accounting for 22.67% of total expenses. Other overheads, including lease rentals for office and equipment, legal and professional fees, IT expenses, verification costs and others added another Rs 35.4 crore. Overall total expenditure for the firm rose over 3.3X to Rs 118.9 crore in FY25, compared to Rs 35.8 crore in FY24. Despite the revenue growth, write-offs of bad debts and provisions for NPAs pushed its losses up 76% to Rs 12.85 crore in FY25 from Rs 7.3 crore in FY24. At a unit level, Zype spent Rs 1.17 to earn one rupee of operating revenue in FY25. As of March 2025, the company’s current assets stood at Rs 368.7 crore, including cash and bank balances of Rs 33.65 crore. According to startup data intelligence platform TheKredible, the Mumbai-based firm raised over $30 million, including its Rs 90 crore ($10.2 million) round led by Japanese venture capital firm Unleash Capital Partners, with participation from existing investor Xponentia Capital.

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

EntrackrEntrackr · 9m ago
Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
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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.

AvenuesAI revenue jumps 2.2X to Rs 2,381 Cr in Q3 FY26

EntrackrEntrackr · 7d ago
AvenuesAI revenue jumps 2.2X to Rs 2,381 Cr in Q3 FY26
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Digital payments company AvenuesAI reported strong growth for the quarter ending December 2025. The Ahmedabad-based firm’s revenue rose 122% year-on-year, nearing the Rs 2,000 crore threshold, while its profit grew 25% during the same period. AvenuesAI’s gross revenue rose 2.2X to Rs 2,381 crore in Q3 FY26 from Rs 1,070 crore in Q3 FY25, according to its consolidated financial statements filed with the National Stock Exchange (NSE). AvenuesAI operates a dual-segment business model, spanning a payments and credit infrastructure arm and an enterprise e-commerce platform offering software, advertising, and infrastructure-rental services. The company's payment business contributed 97.5% of its total collections, which jumped 130% to Rs 2,323 crore in Q3 FY26. However, its e-commerce platform business saw a 3.33% decline, reaching Rs 58 crore. The firm reported other income of Rs 16 crore, taking its total revenue to Rs 2,397 crore. On the cost front, its total expenses surged 128% to Rs 2,307 crore in Q3 FY26 from 1,013 crore in Q3 FY25. The company booked Rs 2,233 crore under its operating expense, which rose 140X from Rs 930 crore in Q3 FY25. Employee benefit expenses, however, fell 32% to Rs 27 crore, and depreciation cost also decreased 3% to Rs 19 crore. AvenuesAI’s profit rose 25% to Rs 80 crore in Q3 FY26 from Rs 64 crore in Q3 FY25. For the nine months ending December 2025, the company’s profit increased 14% to Rs 206 crore from Rs 181 crore, a year earlier. During the quarter, the firm approved a proposal to change its corporate name to AvenuesAI Limited, as part of its rebranding exercise. At the close of today’s trading session, Avenues AI’s share price stood at Rs 18.80 per share, giving the company a market capitalization of Rs 6,537 crore ($721 million).

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