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PhysicsWallah FY25: Loss Down 78% To INR 243 Cr, Revenue Nears INR 3,000 Cr Mark

Inc42 · 1d ago

PhysicsWallah FY25: Loss Down 78% To INR 243 Cr, Revenue Nears INR 3,000 Cr Mark

Edtech giant PhysicsWallah, preparing for its IPO, cut its consolidated net loss by 78% to INR 243.3 Cr in FY25, down from INR 1,131.1 Cr in FY24. Despite this improvement, the FY25 loss remained nearly three times the loss posted in FY23. The Alakh Pandey-led company's operating revenue increased by 49% to INR 2,886.6 Cr, with most revenue sourced domestically, while the international business saw a 61% increase to INR 35.5 Cr.

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Exclusive: PhysicsWallah Foresees INR 2,000 Cr Revenue In FY24; 2X Growth In Offline Business

Inc42 · 1y ago

Exclusive: PhysicsWallah Foresees INR 2,000 Cr Revenue In FY24; 2X Growth In Offline Business

Indian edtech startup PhysicsWallah is expected to generate over INR 2,000 crore ($270 million) in revenue for the financial year 2023-24. The company has already surpassed the INR 2,000 crore mark, with an adjusted EBITDA of approximately INR 80 crore. PhysicsWallah, which offers both online and offline learning options, anticipates its online learning segment to reach INR 900 crore ($122 million) in revenue, while offline learning is expected to generate around INR 680 crore ($92 million). The startup aims to launch 55 new physical learning centers by the end of 2024.

Zypp Electric’s Revenue Zooms 2.7X, Nears INR 300 Cr Mark

Inc42 · 10m ago

Zypp Electric’s Revenue Zooms 2.7X, Nears INR 300 Cr Mark

Akash Gupta's startup recorded a revenue of INR 292.7 Cr in FY24, marking a 168% growth compared to the previous fiscal year. Adding other income, the total revenue reached INR 302.6 Cr. However, despite the increase in revenue, the startup experienced a net loss of INR 91.1 Cr, which was a 125% rise from the previous year's INR 40 Cr loss.

PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405

Entrackr

Entrackr · 21h ago

PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405

Fintrackr All Stories PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405 PhysicsWallah has filed draft papers with SEBI to raise Rs 3,820 crore through IPO. Its financial statement shows the company significantly narrowing its losses on the back of strong revenue growth across online, offline, and hybrid channels. PW’s operating revenue grew nearly 49% to Rs 2,887 crore in FY25 from Rs 1,941 crore in FY24. Income from coaching services remained the largest contributor at Rs 2,498.5 crore, with the online segment rising 45.5% to Rs 1,404 crore in FY25 from Rs 965 crore in FY24, while offline coaching grew 45.7% to Rs 1,352 crore from Rs 928 crore. The Average Revenue Per User (ARPU) in its offline channel has steadily improved from Rs 34,467 in FY23 to Rs 40,405 in FY25. The offline channel now contributes nearly 47% of the top line. Revenue from hostel fees and transportation added Rs 88 crore, and the sale of products jumped 74% to Rs 259 crore in FY25. India remained the core market contributing Rs 2,851 crore or 98.75% of the total operating revenue, while Dubai and the USA collectively accounted for Rs 36 crore or 1.25%. PhysicsWallah employed 5,096 faculty members in FY25, a 40% increase from 3,654 in FY24. Of these, 4,207 were permanent teachers while 889 were hired on a contractual basis. To support the larger base of faculty and other staff, the company’s spend on salaries grew nearly 28% to Rs 1,426 crore in FY25, accounting for 44% of its overall expenditure. Marketing expenses stood at Rs 448 crore for FY25. The company also spent Rs 123 crore on materials and Rs 366 crore on depreciation. Overall, PhysicsWallah kept its spending broadly flat at Rs 3,265 crore in FY25 as against Rs 3,279 crore in FY24. With controlled expenses and growing revenue, PW managed to bring down its burn significantly by 78.5% to Rs 243 crore in FY25 from Rs 1,131 crore in FY24. The company reported a positive EBITDA of Rs 192.5 crore in FY25 with an EBITDA margin of 6.33%. The company’s ROCE stood at -6.37%. On a unit level, the firm spent Rs 1.13 to earn a rupee in FY25, a sharp improvement from Rs 1.69 in FY24. The company reported current assets worth Rs 2,237 crore as of March 2025, including Rs 175 crore in cash and bank balances. The company disclosed a political contribution of Rs 37 lakh during FY25. As per DRHP, co-founders Alakh Pandey and Prateek Boob hold the largest stakes in the company at 40.35% each, followed by WestBridge Capital with 7.8%, while Hornbill Capital, GSV Ventures, and Lightspeed hold 4.42%, 2.85%, and 1.79%, respectively. PhysicsWallah acquired a 40% stake in UPSC coaching institute Sarrthi IAS.

Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses

Entrackr

Entrackr · 1m ago

Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses

Tata 1mg, the digital healthcare platform backed by Tata Digital, continued its growth trajectory in the fiscal year ending March 2025 while straining its losses. Tata 1mg’s consolidated revenue rose 22% to Rs 2,392 crore in FY25 from Rs 1,968 crore in FY24, according to Tata Sons’ Annual Report for the fiscal year. Tata 1mg is a health tech startup for online orders of allopathic, ayurvedic, homeopathic medicines, vitamins, nutrition supplements, and other health products, delivered to the home. 1mg’s revenue was split across two entities: Tata 1mg Technologies, which clocked Rs 2,016.5 crore, and Tata 1mg Healthcare Solutions, which contributed Rs 375.5 crore in FY25. The company's total cost rose by 17% to Rs 2682 crore in FY25, up from Rs 2303 crore in FY24. The Gurugram-based company posted a consolidated loss of Rs 276 crore in FY25, 12% lower than the Rs 313 crore loss reported in FY24. On a unit basis, the company spent Rs 1.12 to earn a rupee of operating revenue in FY25. On the asset side, Tata 1mg reported total assets of Rs 2,025 crore at the end of FY25 while its total liabilities reached Rs 1,190 crore. In the e-health space, Tata 1mg competes with Reliance-backed Netmeds, PharmEasy, and Apollo 24/7. Tata Digital acquired a 55% stake in 1mg in June 2021 but has since gained around 8.5% additional stake in the e-medicine platform. According to TheKredible, Tata Digital currently holds a 63.5% stake in 1mg, which was last valued at 1.25 billion. Tata Digital reported a standalone revenue of Rs 546.9 crore and a loss of Rs 827.5 crore in FY25, indicating continued investment in its digital commerce bets including 1mg and other verticals such as BigBasket, Cult.fit, and the recently launched Tata Neu.

MobiKwik Shares Crash 10% As Lock-In Period Ends

Inc42 · 2m ago

MobiKwik Shares Crash 10% As Lock-In Period Ends

MobiKwik shares dropped nearly 10%, reaching INR 243, as the lock-in period for pre-IPO shareholders ended, with 3.8 crore shares becoming eligible for trading. This decline follows a previous four-session fall after the finance ministry dismissed rumors about imposing MDR on UPI transactions. Consequently, MobiKwik’s stock decreased almost 12% from its IPO issue price of INR 279. Additionally, the company’s net loss surged to INR 56.03 crore in Q4 FY25.

WeWork India FY25: Posts INR 128 Cr Profit On Deferred Tax Gains

Inc42 · 13d ago

WeWork India FY25: Posts INR 128 Cr Profit On Deferred Tax Gains

WeWork India reported its first profitable year in FY25, with a profit after tax of INR 128.2 Cr, attributed to a deferred tax gain of INR 285.7 Cr. The company's operating revenue increased by 17% to INR 1,949.2 Cr from INR 1,665.1 Cr in FY24. Excluding the deferred tax gain, WeWork India would have reported a loss before tax of INR 156.7 Cr, a 15% increase from the previous year.

Aman Gupta’s boAt sold audio products, smartwatches worth INR 3,376 Cr in FY23

Inc42 · 1y ago

Aman Gupta’s boAt sold audio products, smartwatches worth INR 3,376 Cr in FY23

Audio and smartwatch maker boAt recorded sales of over INR 3,000 crore in the fiscal year ending March 2023. The company's operating revenue rose by 18% to INR 3,376.7 crore during the period. However, boAt reported a loss of INR 129.4 crore in FY23, marking its first net loss since its establishment. The increase in expenses outpaced the rise in sales, resulting in a negative EBITDA margin of -1.6%. The company's major expenses included procurement costs, advertising expenses, and employee benefit expenses. boAt had postponed its IPO plans due to market volatility and has raised $177 million in funding to date.

Urban Company Turns Profitable, Posts INR 240 Cr PAT In FY25

Inc42 · 2m ago

Urban Company Turns Profitable, Posts INR 240 Cr PAT In FY25

Urban Company achieved profitability in FY25, posting a net profit of INR 239.7 crore compared to a loss of INR 92.7 crore in FY24. The hyperlocal services startup experienced a 38.2% increase in operating revenue, reaching INR 1,144.4 crore, up from INR 828 crore in the previous fiscal year. Additionally, the company's expenses rose by 19.8% to INR 1,223.4 crore, reflecting its growing scale and operational activities in the consumer services sector.

IPO-Bound BlackBuck Narrows Loss By 33% To INR 194 Cr In FY24

Inc42 · 1y ago

IPO-Bound BlackBuck Narrows Loss By 33% To INR 194 Cr In FY24

IPO-bound logistics company BlackBuck reported a net loss of INR 194 crore in FY24, down 33% from the previous fiscal year. However, its total revenue increased 62% to INR 316.5 crore, including other income. BlackBuck is planning an IPO, with a fresh issue of shares worth INR 550 crore.

After Suspending Genie, Swiggy To Shut SaaS Platform Minis

Inc42 · 2m ago

After Suspending Genie, Swiggy To Shut SaaS Platform Minis

Swiggy plans to shut down its SaaS platform, Minis, by August 10, following a significant drop in revenue for its platform innovations segment. This closure comes after a more than doubled loss, reaching INR 36.1 Cr in Q4 FY25. Despite a 34% overall reduction in losses for FY25, the ongoing decline in revenue prompted the decision. Swiggy has advised sellers to fulfill pending orders and manage the transition at their own pace until the shutdown.

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