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Powerhouse91 hits Rs 100 Cr ARR and EBITDA profitability with just $2.5 Mn funding
Entrackr
·
3m ago
Medial
Powerhouse91 hits Rs 100 Cr ARR and EBITDA profitability with just $2.5 Mn funding Powerhouse91 secured just $2.5 million in funding from Titan Capital and a group of angel investors, including Haresh Chawla, FJ Labs, Crossbeam Venture Partners, and Mamaearth co-founder Varun Alagh. While many wellness-focused startups aim for rapid growth through broad product diversification, some like Mosaic Wellness and Innovist adopt a more focused approach—scaling a select set of high-potential brands by identifying underserved consumer needs and driving deep category innovation. This strategy allows them to maintain operational efficiency while building strong brand equity in niche but growing segments of personal care and wellness. One such example is Powerhouse91, which crossed Rs 100 crore in annual recurring revenue (ARR) in the last month of March, sources told Entrackr. “Besides breaching into the three digits ARR figure, Powerhouse91 achieved EBITDA profitability in April 2025," said one of the sources. “The company accomplished this through its focused efforts on two core brands and a strong commitment to financial discipline.” Launched in early 2022 by Aqib Mohammed and Shashwat Diesh, the company runs two consumer brands: Azah, focused on feminine hygiene and wellness, and Slovic, a brand centered around fitness. “This approach of not raising venture capital and focusing on organic growth potentially sets the company apart in a market where many D2C brands have struggled with high burn rates and poor capital efficiency,” pointed out a source. Unlike many D2C brands, Powerhouse91 relies entirely on online distribution, with most of its sales driven by quick commerce and e-commerce platforms such as Blinkit, Zepto, and Amazon. "In March, the company processed around 2.4 lakh orders, and its monthly volume is growing at a healthy double-digit rate,” said another source. According to startup data intelligence platform TheKredible, Powerhouse91 reported nearly Rs 40 crore in revenue along with Rs 5.97 crore in losses during the fiscal year ending March 2024 (FY24). Powerhouse91 declined to comment on the story. Wellness-led digital-first brands have steadily grown over the past few years, even as the broader D2C landscape faced headwinds in funding and customer acquisition.
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Plush Raises INR 40 Cr, Eyes INR 200 Cr ARR with Profit in Tow
StartupTalky
·
2m ago
Medial
Plush, a personal care brand from India, raised INR 40 crore in a growth round led by Rahul Garg, supported by various strategic investors. The company achieved a net ARR of INR 100 crore and EBITDA-level profitability, demonstrating capital-efficient growth. Plush plans to use the funds to enhance market presence and expand offline. Known for redefining fem-care with products like period care and intimate wellness, Plush aims to achieve INR 200 crore ARR and build a strong brand presence.
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DCGpac hits profitability as revenue nears Rs 100 Cr in FY24
Entrackr
·
10m ago
Medial
B2B packaging solutions platform DCGpac has been expanding steadily, reaching nearly Rs 100 crore in revenue for the fiscal year ending March 2024. Moreover, the Gurugram-based company, which raised only Rs 20 crore, achieved profitability during this period. DCGpac’s revenue from operations grew by 21.4%, reaching Rs 96.5 crore in FY24, up from Rs 79.5 crore in FY23, its consolidated financial statements sourced from the Registrar of Companies (RoC) show. DCGpac is a packaging materials supplier offering a range of products and services, including corrugated boxes, courier bags, bubble films, designer boxes, and “Design to Distribution” solutions. Sales of packaging materials represent the sole source of revenue for DCGpac. According to the company’s website, it serves over 50,000 customers, including Blinkit, Shiprocket, Delhivery, Myntra, DHL, Shadowfax, and others. As with other packaging solutions platforms, the cost of materials accounted for 83.17% of DCGpac’s total expenditure, rising by 19% to Rs 80.4 crore in FY24. Employee benefits expenses stood at Rs 8 crore for the last fiscal year. Additional costs, including advertising, warehousing, packing, information technology, printing, and other operating overheads, brought total expenditure up by 17.9% to Rs 96.7 crore in FY24, compared to Rs 82 crore in FY23. Steady growth and careful cost management helped DCGpac achieve profitability in FY24, posting net profits of Rs 19 lakh compared to a loss of Rs 1.67 crore in FY23. DCGpac’s ROCE and EBITDA margin stood at 3.34% and 1.19%, respectively. On a unit level, the company spent Re 1 to earn a rupee of operating revenue in FY24. FY23-FY24 FY23 FY24 EBITDA Margin -1.98% 1.19% Expense/₹ of Op Revenue ₹1.03 ₹1 ROCE -15.66% 3.34% DCGpac has raised a total of Rs 20 crore to date, including a pre-Series Seed round of $1.5 million led by Venture Catalysts, 9Unicorns, and Inflection Point Ventures in April 2022.
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Edtech unicorn LEAD Group narrows losses, stabilises core business in FY25
YourStory
·
3d ago
Medial
LEAD Group, an edtech unicorn, reduced its net loss by 69.5% to Rs 42.76 crore in FY25 and achieved a positive operating EBITDA of Rs 4.03 crore before ESOP expenses, reversing the previous year's Rs 105.75 crore loss. The company reported a 30% increase in Annual Recurring Revenue (ARR) and aims for profitability by FY27. Cost reductions, improved retention, and innovation in AI and technology contributed to its financial turnaround.
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Burma Burma raises another $2 Mn
Entrackr
·
1y ago
Medial
Burmese vegan restaurant chain Burma Burma has raised another round of $2 million in equity investment from several family offices including Negen Capital. Earlier in November 2022, the startup had raised $2 million in its seed round led by Negen Capital and others. Founded by Ankit Gupta and Chirag Chhajer, Burma Burma Restaurant and Tea Room makes Burmese cuisine accessible to all and the brand is now fulfilling its vision of going beyond just a restaurant and providing its patrons with a new, wholesome and dining experience that interacts on various levels. The Mumbai-based company claims to spread quickly to the other five metros, Delhi, Noida, Gurugram, Bengaluru and Kolkata and is looking at expanding its presence in the country. Burma Burma operates 13 restaurants and delivery kitchens across India, including key locations in Delhi, Gurugram, Noida, Mumbai, Bengaluru, Hyderabad, Kolkata and Ahmedabad. Over the past year, the firm claims to have experienced significant growth, doubling its footprint and annual recurring revenue (ARR) from Rs 46 crores in FY23 to over Rs 100 crores in FY24. As per the company, it has clocked an EBITDA of over 13% in July and aims to hit a monthly EBITDA of over 15% for FY25.
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Dailyhunt parent’s revenue grows 57% to Rs 1,809 Cr in FY23; cash burn reduced by 34% in FY23
IndianStartupNews
·
1y ago
Medial
VerSe Innovation, the parent company of Dailyhunt and Josh, has reported a 57% year-on-year growth in revenue for the fiscal year 2022-23. The company's total revenue surged to Rs 1,809 crore, with operating revenue reaching Rs 1,457 crore and non-operating revenue at Rs 352 crore. Dailyhunt achieved a positive EBITDA status with revenue surpassing Rs 1,200 crore, while Josh reported an annual recurring revenue (ARR) exceeding Rs 300 crore. VerSe successfully reduced its costs by 34% and raised $805 million in its Series J funding round.
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Yulu Turns EBITDA Positive, Breaches $30 Mn ARR On Rising Quick Commerce Demand
Inc42
·
10m ago
Medial
- Yulu has achieved a milestone of crossing an annual recurring revenue (ARR) of $30 million and has also become EBITDA positive. - Yulu currently operates a fleet of over 40,000 electric vehicles and plans to deploy 100,000 EVs by 2025. - The company is set to raise $100 million in its Series C funding round to support its expansion plans. - In September 2020, Yulu raised $82 million in its Series B funding round led by Magna International and Bajaj Auto. - The demand for quick commerce and food delivery services, along with supportive government policies, has contributed to Yulu's growth.
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Healthcare and insurtech startup FlashAid raises $2.5 Mn
Entrackr
·
1y ago
Medial
Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors —Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities, the company said in a press release. Founded by Manoj Gupta and Gunjali Kothari, Flashaid offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and embedded solutions. Formerly known as EasyAspataal, Flashaid is building an API-first health cover to make health insurance affordable and accessible to common people. It is developing a distinctive channel for retail health plan distribution via a B2B2C platform. Over the last year, the firm claims to have partnered with over 20 platforms to distribute 30,000 health covers and is profitable at the EBITDA level. Currently, it has an ARR (annual run rate) of $1 million and is expected to grow to $10 million ARR in the next two years.
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MSD backed Garuda Aerospace raises ₹100 cr, hits $250 mn valuation
Inshorts
·
3m ago
Medial
Chennai-based Garuda Aerospace secured ₹100 crore in Series B funding led by Venture Catalysts, boosting its valuation to $250 million. Founded by Agnishwar Jayaprakash, the drone innovator plans to expand IP assets, launch a new design hub, and strengthen indigenous UAV capabilities. With MS Dhoni as brand ambassador, Garuda aims to impact one billion lives through drone technology.
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Lo! Foods nears Rs 100 Cr ARR, fuels next phase with $3.5M funding to drive Protein Chef
YourStory
·
22d ago
Medial
Lo! Foods, a Bengaluru-based functional food company, aims to expand its Protein Chef brand, nearing Rs 100 crore in annual recurring revenue (ARR), through a $3.5 million Series B funding led by Rainmatter Health and Singapore-based Capital Code. The funding will enhance its tech infrastructure, supply chain, and brand presence by launching offline pilots and expanding warehousing. Protein Chef targets protein deficiency and primarily sells through quick commerce, driving the company’s growth.
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Dailyhunt parent’s revenue grows 57% to Rs 1,809 Cr in FY23, reduces burn by 34%
Entrackr
·
1y ago
Medial
VerSe Innovation, the parent company of Dailyhunt and Josh, reported a 57% increase in revenue and a 34% decrease in losses in FY23. The company's total revenue increased to Rs 1,809 crore, with operating revenue reaching Rs 1,457 crore. Dailyhunt generated over Rs 1,200 crore in revenue and achieved positive EBITDA, while Josh monetized in H2 FY23 with an ARR of over Rs 300 crore. VerSe effectively controlled expenses, with cost of services accounting for 45% and business promotional expenses decreasing by 22%.
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