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Pet care startup Vetic reports Rs 63 Cr revenue and Rs 66 crore loss in FY25

EntrackrEntrackr · 8d ago
Pet care startup Vetic reports Rs 63 Cr revenue and Rs 66 crore loss in FY25
Medial

Pet care startup Vetic reported Rs 63 crore in revenue and a Rs 66 crore loss in FY25, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2022 by Gaurav Ajmera, Vetic is a pet healthcare platform offering consultations, telehealth, vaccinations, surgeries, physiotherapy, and grooming, and it claims to have served over 1 lakh pets across more than 40 centers in cities including Delhi NCR, Mumbai, Bengaluru, and Chennai. In FY25, Vetic's revenue from operations increased by 2.5 times year-on-year from Rs 25.5 crore in FY24 to Rs 62.9 crore. The sale of traded pet food and accessories contributed over 46% of the company's total revenue at Rs 29.3 crore, while pet care services like vaccination, consultation, and grooming accounted for 53% of revenue, generating Rs 33.6 crore. Employee benefits were the largest expense for Vetic in FY25, rising 40% to Rs 30.8 crore, including Rs 7 crore in ESOP expenses. The cost of materials accounted for Rs 28.4 crore, professional expenses at Rs 25.3 crore, and marketing expenses more than doubled to Rs 13.2 crore. Vetic's total expenses outpaced revenue growth, leading to an increase in losses by 63% to Rs 65.6 crore from Rs 40.2 crore in FY24. On a unit level, Vetic spent Rs 2.1 to earn a single rupee of operating revenue, with ROCE and EBITDA margin standing at -86.25% and -98.89%, respectively. As of March 2025, Vetic reported current assets of Rs 54.7 crore, including cash and bank balances of Rs 10.5 crore. The company has raised over $45 million in funding, including a Series C round led by Bessemer Venture Partners and a $3.7 million seed round led by Lachy Groom. Vetic competes with companies like Supertails, which reported Rs 108 crore in revenue and a loss of Rs 52.5 crore in FY25.

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Petcare startup Supertails crosses Rs 100 Cr revenue in FY25; losses surge 28%

EntrackrEntrackr · 1m ago
Petcare startup Supertails crosses Rs 100 Cr revenue in FY25; losses surge 28%
Medial

Petcare startup Supertails crosses Rs 100 Cr revenue in FY25; losses surge 28% Petcare startup Supertails reported a 68% year-on-year jump in operational revenue, surpassing Rs 100 crore in FY25, while its losses widened 28% to Rs 52.5 crore amid ongoing expansion. Supertails’ revenue from operations surged 68% to Rs 108.3 crore in FY25, compared to Rs 64.6 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Founded in 2021 by Varun Sadana, Aman Tekriwal, and Vineet Khanna, Supertails addresses the evolving needs of pet parents through customised offerings, positioning itself as a full-stack digital platform for pet care and parenting solutions. The Supertails app offers more than 30,000 pet care products, including pet food, treats, accessories, healthcare products, and other essentials. The sale of these products accounted for nearly 95% of its total operating revenue, which stood at Rs 102.5 crore. It also provides veterinary services, including consultations, vaccinations, grooming, and preventive care at home or through its clinics. These services contributed Rs 2.65 crore during the period. The rest of the operating revenue came from franchise fees and through ad monetisation. The company also earned Rs 5 crore from non-operating sources such as gain from investments and interest income, this pushed its total income to Rs 113.3 crore in FY25. On the cost side, the cost of materials was the largest expense, accounting for 50% of the overall expenditure. This cost rose 45% to Rs 83.3 crore in FY25, while employee benefit expenses increased 15% year-on-year to Rs 25.3 crore for Supertails. Supertails spent Rs 22.9 crore on marketing in FY25 to boost its sales, a 37% increase from FY24. Other overheads such as shipping charges, legal and professional fees, warehousing costs, and software charges added Rs 34.3 crore to its expenses. Overall expenses surged 53% to Rs 165.8 crore in FY25 from Rs 108.4 crore in FY24. In the end, although Supertails’ operating revenue growth outpaced its expense growth, its losses still widened 28% to Rs 52.5 crore in FY25 from Rs 41 crore in FY24. Its ROCE and EBITDA margin stood at -52.58% and -48.9% respectively. On a unit basis, the company spent Rs 1.53 to earn every rupee of revenue in FY25, a marginal improvement over FY24. As of March 2025, the Bengaluru-based firm held cash and bank balances of Rs 39 crore, while its total current assets stood at Rs 100 crore. To date, the company has raised around $51 million, including its most recent $30 million round led by Venturi Partners with participation from Nippon India, Titan Capital, Fireside Ventures, RPSG Capital Ventures, and others.

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

EntrackrEntrackr · 4m 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.

Just Dogs nears Rs 100 Cr revenue in FY24, losses balloon

EntrackrEntrackr · 11m ago
Just Dogs nears Rs 100 Cr revenue in FY24, losses balloon
Medial

Just Dogs, a retail and services brand specializing in pet care, reported a 30% year-on-year increase in revenue for the fiscal year ending March 2024. However, the Ahmedabad-based company also saw a significant rise in losses during the same period as it pushed for growth. Just Dogs’ revenue from operations increased by 32% to Rs 94 crore in FY24 from Rs 71 crore in FY23, according to its financial statement sourced from the Registrar of Companies (RoC). Founded in 2011, Just Dogs offers dog food, supplements, accessories, and other pet products through its platform. The startup is developing a full-stack online experience for pet parents, along with expanding its network of offline stores. Just Dogs generates its revenue from a mix of product and service categories. Revenue from pet food remained its dominant stream, accounting for over 70% of the topline and rising 47% to Rs 66 crore in FY24. Income from pet treats and grooming products grew to Rs 10 crore and Rs 2 crore, respectively. However, revenue from services declined to Rs 16 crore from Rs 17.5 crore in FY23. On the cost front, the company’s largest expense — material costs — rose 37% to Rs 67 crore, making up nearly two-thirds of the total expenses. Employee benefit expenses surged by 62.5% to Rs 13 crore, while marketing and rent each doubled to Rs 6 crore and Rs 10 crore, respectively. Other operational overheads amounted to Rs 10 crore in FY24. Overall, the company’s expenses outpaced its revenue growth, rising 47% to Rs 106 crore in FY24 from Rs 72 crore in FY23. Despite the topline growth, the company slipped deeper into the red with losses ballooning to Rs 11 crore in FY24 — a sharp surge from a marginal loss of Rs 6 lakh in FY23. Its ROCE and EBITDA margin stood at -25.12% and -10.21% respectively. At the unit level, Just Dogs spent Rs 1.13 to earn a rupee of operating revenue in FY24, compared to Rs 1.01 in FY23. The Ahmedabad-based startup recorded current assets worth Rs 43 crore in FY24, which includes Rs 8 crore in cash and bank balances. Just Dogs has raised a total of $7 million in funding to date, having Sixth Sense Ventures as its lead investor, which holds a 23% stake in the company. Meanwhile, Co-founders Ashish Anthony and Poorvi Anthony jointly hold a 77% stake in the company, leaving ample room for future fundraising opportunities. It competes with Peak XV-backed Heads Up for Tails, Supertails, which raised $15 million in a round led by RPSG Capital — Wiggles, and several other players in the pet care space.

Petcare startup Supertails raises $30 Mn led by Venturi Partners

EntrackrEntrackr · 1m ago
Petcare startup Supertails raises $30 Mn led by Venturi Partners
Medial

Petcare startup Supertails raises $30 Mn led by Venturi Partners Petcare startup Supertails has raised $30 million in a funding round led by Venturi Partners. The round also saw participation from Nippon India Alternative Investments, Titan Capital, Winners Fund, and existing investors including Fireside Ventures, RPSG Capital Ventures, Sauce VC, and Saama Capital. The proceeds will be used to expand its clinic network, scale at-home services, strengthen fulfillment infrastructure, and enhance personalization across its platform as it grows across urban India. According to Entrackr’s estimates, Supertails is valued at around $130 million on a post-money basis. Founded in 2021 by Varun Sadana, Aman Tekriwal, and Vineet Khanna, Supertails caters to the evolving needs of pet parents through its customized offerings. The Supertails app offers a wide range of pet food, treats, accessories, and other essentials, positioning the company as a full-stack digital platform for pet care and parenting solutions. Supertails has also rolled out at-home veterinary services covering consultations, vaccinations, and preventive care. In addition, the startup operates quick delivery services in Bengaluru, offering more than 30,000 pet care products, including pharmacy items, and plans to expand rapid delivery to its top cities. Beyond services, Supertails has expanded into categories such as fresh pet meals and essentials, and has onboarded over 500 brands on its platform. The company has built a nationwide network of more than 100 veterinarians, including specialists and tele-vets. To date, the company has raised around $51 million, including its $15 million Series B round. Prior to that, Supertails raised $10 million in its Series A round and $2.6 million in seed funding. Supertails’ revenue increased to Rs 108.26 crore in FY25 from Rs 64.63 crore in FY24. The company reported a loss of Rs 52.47 crore in FY25, compared to a loss of Rs 41.13 crore in FY24.

Plush scales 2.3X to Rs 66 Cr revenue in FY25

EntrackrEntrackr · 2m ago
Plush scales 2.3X to Rs 66 Cr revenue in FY25
Medial

Feminine hygiene brand Plush has continued its impressive growth, with its revenue more than doubling in the last fiscal year ending March 31, 2025. The company posted a loss of Rs 7 crore in the same period. Plush’s revenue from operations increased by 2.3X to Rs 66 crore in FY25 from Rs 29 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). The company primarily generates its revenue from the sale of personal care and hygiene products. Including Rs 1 crore from other income from interest, Plush’s total income stood at Rs 67 crore in FY25, compared to Rs 29 crore in the previous fiscal year. On the spending side, the cost of materials consumed remained the largest expense, accounting for 34% of the total expense. This cost rose 127% to Rs 25 crore in FY25 from Rs 11 crore in FY24. Advertising and marketing expenses jumped 96% to Rs 21.5 crore in FY25. Employee benefit expenses increased 67% to Rs 4 crore while shipping and delivery costs stood at Rs 2.6 crore. Overall, Plush’s total expenses increased 118% to Rs 74 crore in FY25 from Rs 34 crore in FY24. With increased scale, the company’s loss surged by 75% to Rs 7 crore in FY25 from Rs 4 crore in FY24. Its ROCE and EBITDA margin stood at -93.75% and -11.23% respectively. On a unit economics basis, Plush spent Rs 1.12 to earn every rupee of operating revenue during the year, improving from Rs 1.17 in FY24. As of March 2025, the company reported cash and bank balances of Rs 3 crore, while its current assets stood at Rs 29.5 crore in the same period. According to the company, it is on track to reach a Rs 200 crore revenue run rate in the current calendar year. As per the startup data intelligence platform TheKredible, Plush has raised a total of $8 million in funding to date, including the recent Rs 40 crore in series B led by angel investor Rahul Garg (Managing Partner Ignite Growth), along with participation from Ajay Kumar Aggarwal, Careernet Technologies, OTP Ventures, Blume Founders Fund, and other investors.

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

EntrackrEntrackr · 4m 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.

Dezerv reports Rs 66 Cr revenue in FY25, employee costs climb to Rs 111 Cr

EntrackrEntrackr · 2m ago
Dezerv reports Rs 66 Cr revenue in FY25, employee costs climb to Rs 111 Cr
Medial

Following a 2.5X growth in FY24, wealthtech platform Dezerv achieved a similar scale in FY25. Despite the aggressive expansion, the company’s losses widened during the year and crossed the Rs 100 crore mark in FY25. Dezerv’s revenue from operations grew 2.5X to Rs 66 crore in FY25 from Rs 26 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Dezerv offers portfolio management services (PMS) to top tier working professionals and affluent individuals with expert advice, direct bonds, and angel investment opportunities in startups. Fees and commission income accounted for 67% of the operating revenue, which spiked nearly 4X to Rs 44 crore in FY25. Interest income surged more than 4X to Rs 16.8 crore during the year. However, net gains on fair value changes declined 55% to Rs 4.8 crore in the period. Employee benefit expenses remained the largest cost head for Dezerv, accounting for 62% of the total cost. This expense increased 76% to Rs 111 crore in FY25 from Rs 63 crore in FY24. Advertising and marketing expenses rose 67% to Rs 30 crore, while software expenses jumped 220% to Rs 8 crore during the last fiscal year. Depreciation costs increased to Rs 6 crore while legal and professional charges declined to Rs 3 crore in FY25. Overall, the firm’s total expenses grew 76% to Rs 178 crore in FY25 from Rs 101 crore in FY24. Higher spending pushed Dezerv’s losses up by 49% to Rs 112 crore in FY25. Its ROCE and EBITDA margin stood at -39.36% and -159.09%, respectively. On a unit basis, the company spent Rs 2.70 to earn a rupee in FY25. The Bengaluru-based firm reported cash and bank balances of Rs 204 crore, while its current assets stood at Rs 267 crore as of March 2025. According to startup data intelligence platform TheKredible, Dezerv has raised around $100 million in funding to date, including the recent $40 million round from its lead investors Accel and Premji Invest. Dezerv competes with players such as Zerodha, Upstox, and Wealthdesk. In FY25, Zerodha being a bootstrapped company reported revenue of Rs 8,847 crore with a profit of Rs 4,237 crore, while Upstox has raised over $200 million and posted flat revenue in FY25 at Rs 3,902 crore in FY25.

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