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

News on Medial

Progcap nearly doubles revenue to Rs 268 Cr in FY25; nears breakeven

EntrackrEntrackr · 21d ago
Progcap nearly doubles revenue to Rs 268 Cr in FY25; nears breakeven
Medial

Progcap nearly doubles revenue to Rs 268 Cr in FY25; nears breakeven Peak XV and Tiger Global-backed fintech firm Progcap nearly doubled its revenue in the fiscal year ended March 2025. During the same period, the company reduced its losses by 87%. Progcap’s revenue from operations jumped 93% to Rs 268 crore in FY25 from Rs 139 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Progcap facilitates debt capital for underserved micro and small businesses. The fintech platform digitizes supply chains and facilitates access to finance for last-mile retailers. Revenue from these services was the sole source of income for the company. Progcap made an additional Rs 10 crore from interest on deposits and gains on current investments, which pushed its total income to Rs 278 crore in FY25 from Rs 159 crore in FY24. On the cost side, employee benefit expenses accounted for 45% of total expenses. This cost remained flat at Rs 126 crore in FY25 as compared to Rs 124 crore in FY24. Finance costs surged over four times to Rs 91 crore in FY25 from Rs 22.5 crore in FY24. Write-offs also rose to Rs 24.5 crore from Rs 15 crore, while legal charges increased to Rs 6.5 crore. Overall, its total expenses grew 37% to Rs 279 crore in FY25 from Rs 203 crore in FY24. With the company’s revenue outpacing expense growth, Progcap managed to cut its losses by 87% to Rs 6 crore in FY25 from Rs 46 crore in FY24. The company posted a positive EBITDA of Rs 75 crore with an EBITDA margin of 27.99%. Its ROCE was 7.40% during the period. On a unit basis, the company spent Rs 1.04 to earn a rupee in FY25, compared to Rs 1.46 in FY24. The Gurugram-based firm reported cash and bank balances of Rs 207 crore at the end of March 2025, while its current assets rose to Rs 1,799 crore. Progcap has raised around $111 million of funding to date, having Tiger Global, Peak XV, Creation Investments and GrowX Ventures as its lead investors. Progcap’s co-founders, Pallavi Shrivastava and Himanshu Chandra, collectively hold a 23.41% stake in the company. Progcap’s competitor, FlexiLoans’ revenue grew 47% to Rs 385 crore in FY25. The company also increased its profit by 33% to Rs 4 crore in FY25 from Rs 3 crore in FY24. For Progcap, the shift from a capital light marketplace model till 2022, when it simply was the go between as large lenders took the risk, and having its own NBFC for lending has been a well-managed transition. While that has scaled up fund requirements and a possible IPO in the pipeline too, the firm has demonstrated a superior ability to deliver to the tier 2, 3 and beyond retailers it claims as stomping grounds. The firm has built some innovative products like credit on tap as it has learnt more about these customers, and that has built a sort of moat for it as well. Certainly a firm to watch as it delivers a possibly profitable FY26 and will certainly be a prime candidate for an IPO in time.

Related News

Snitch nears Rs 500 Cr revenue in FY25, stays close to breakeven

EntrackrEntrackr · 1m ago
Snitch nears Rs 500 Cr revenue in FY25, stays close to breakeven
Medial

Snitch nears Rs 500 Cr revenue in FY25, stays close to breakeven After clocking a sharp 2.3X growth in FY24, D2C menswear fashion brand Snitch sustained its momentum in FY25, doubled its scale, crossed the Rs 500 crore income mark and stayed close to breakeven. Snitch’s revenue from operations surged to Rs 498 crore in FY25, compared to Rs 241 crore in FY24, according to its annual financial statements sourced from the Registrar of Companies (RoC). Founded in 2020 by Siddharth Dungarwal, Snitch sells trendy and affordable men’s apparel and accessories through its website and app. Income from apparel and accessories remains the company’s sole revenue stream, although it has recently entered the quick commerce segment. On the expense side, procurement costs remained the largest cost centre, accounting for nearly 45% of total expenditure. With scale, procurement expenses more than doubled to Rs 230 crore in FY25. Employee benefit expenses stood at Rs 65 crore, while advertising and marketing costs rose to Rs 83 crore during the year. Rent, telephone charges, marketplace fees, and other overheads further pushed overall expenses to Rs 508 crore in FY25, up from Rs 236 crore in FY24. Despite the two-fold jump in scale, Snitch managed to keep losses under control, staying close to breakeven in FY25. This comes after the company had reported a profit of Rs 4 crore in FY24. Its ROCE and EBITDA margins stood at -5.8% and -1%, respectively, in FY25. On a unit economics basis, the company spent Rs 1.02 to earn every rupee of revenue during the year. As of FY25, Snitch’s total current assets were recorded at Rs 226 crore. According to startup data intelligence platform TheKredible, Snitch has raised over $53 million to date, including a $40 million Series B round led by 360 ONE Asset in June last year. Snitch operates in an increasingly competitive D2C fashion market, competing with players such as The Souled Store, which reported a 36% growth in revenue to Rs 492 crore in FY25. It also goes up against Rare Rabbit, which recently raised $6 million from A91 Partners and is targeting Rs 1,000 crore in revenue, and Wrogn, which secured $9 million in funding in October last year from Aditya Birla Digital Fashion.

Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even

EntrackrEntrackr · 3m ago
Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even
Medial

Mosaic Wellness revenue doubles to Rs 736 Cr in FY25, nears break-even Mosaic Wellness, the parent company of digital-first health and wellness brands Man Matters and Bodywise, continued its growth trajectory in FY25, more than doubling its scale while significantly narrowing its losses in the fiscal year ending March 2025. The company’s operating revenue spiked 2.2X to Rs 736 crore in FY25 from Rs 333 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Mosaic Wellness is a digital-first consumer health platform that runs separate brands for men, women, and kids. Its flagship brand ManMatters offers solutions across derma, sexual health, hygiene, and nutrition. The company has not disclosed the revenue from its brands separately but the sale of health and wellness products was the only source of income for Mosaic Wellness in FY25. It also added Rs 13 crore from the interest on deposits and gain on sale on investments which brought its total revenue to Rs 749 crore in the last fiscal year. The company’s advertising expense remained its largest cost centre, accounting for 35% of the total spend. This cost nearly doubled to Rs 267 crore in FY25 from Rs 138 crore. The cost of materials also grew sharply to Rs 193 crore, forming over 25% of the expenditure. Meanwhile, the company’s employee benefit expense remained stable at Rs 63 crore in FY25. Overall, Mosaic Wellness’ total expense doubled to Rs 758 crore in FY25 from Rs 380 crore in FY24. With the company’s revenue outpacing expense growth, the company managed to bring down its net loss by 69%, narrowing it to Rs 12 crore in FY25 from Rs 39 crore in FY24. Its ROCE and EBITDA margin stood at -6.55% and -2.79%, respectively. Mosaic Wellness spent Rs 1.03 to earn a rupee of operating revenue in FY25, an improvement from Rs 1.14 in the previous year. The firm closed the fiscal with Rs 49 crore in cash and bank balances, while its current assets nearly doubled to Rs 325 crore. According to TheKredible, the company has raised a total of $63 million of funding till date, having Elevation Capital, Peak XV Partners and Matrix Partners as its lead investors. The company’s co-founders Revant Bhate and Dhyanesh Shah own around 35% of the company.

Pee Safe reports Rs 82 Cr revenue in FY25, nears breakeven

EntrackrEntrackr · 2m ago
Pee Safe reports Rs 82 Cr revenue in FY25, nears breakeven
Medial

Pee Safe improved its financial performance in FY25 as the company continued to scale while tightening its cost structure. The Gurugram-based firm reduced its losses by nearly 70% during the fiscal year ending March 2025. Pee Safe’s revenue from operations grew 46% to Rs 82 crore in FY25 from Rs 56 crore in FY24, as per its financial statements filed with the Registrar of Companies (RoC). Launched in 2013 by Vikas Bagaria and Srijana Bagaria, Pee Safe generates revenue primarily from sales of sanitary, personal hygiene, and intimate care products across online marketplaces, offline retail, and its direct-to-consumer channels. Revenue from these products was the sole source of revenue for the company. Cost of materials remained the largest cost component for the company, forming around 31% of total expenditure. This cost rose 29% to Rs 27 crore in FY25. Advertising and promotional spending, the second largest cost head, increased 16% to Rs 26 crore. Employee benefit expenses went up 18% to Rs 13 crore, while commission and freight costs stood at Rs 5 crore each. Overall, Pee Safe’s total expense increased 24% to Rs 86.5 crore in FY25 from Rs 70 crore in FY24. With the company’s revenue growth outpacing expense growth, Pee Safe managed to curb its losses by 69% to Rs 4 crore in FY25 from Rs 13 crore in FY24. Its ROCE and EBITDA margin stood at -46.25% and -4.15% respectively. On a unit level, the company spent Rs 1.05 to earn a rupee of operating revenue in FY25, improving from Rs 1.25 in FY24. Pee Safe’s current assets stood at Rs 24 crore, while cash and bank balances were reported at Rs 2 crore during FY25. According to TheKredible, Pee Safe has raised $13.55 million in funding to date, with Alkemi Partners as its lead investor. Its founder & CEO, Vikas Bagaria, owns 11.20% of the company. Either way, the firm is not just close to breakeven, but close to key milestones like the Rs 100 crore mark, profitability and possibly much more, if it can stay focused and deliver on its core promise.

Healthians posts Rs 263 Cr revenue in FY25; nears breakeven

EntrackrEntrackr · 3m ago
Healthians posts Rs 263 Cr revenue in FY25; nears breakeven
Medial

Healthians posts Rs 263 Cr revenue in FY25; nears breakeven Healthians didn't manage notable growth in the fiscal year ending March 2025. However, the WestBridge-backed company narrowed its losses by 89% year on year and neared break-even during the same period. The firm’s operating revenue increased 8% year-on-year to Rs 263 crore in FY25, up from Rs 243 crore in FY24, as per its consolidated financial statements filed with the Registrar of Companies (RoC). Including non-operating income of Rs 7 crore, the company’s total income grew 7% to Rs 270 crore during the year. Cost optimisation played a key role in supporting the company’s financial recovery. Total expenses declined 8% to Rs 275 crore in FY25, compared to Rs 298 crore last year. Among the major cost heads, employee benefits, the largest expense category, dropped 13% year-on-year to Rs 104 crore in FY25 from Rs 120 crore in FY24. Cost of materials contracted 7% to Rs 54 crore. Advertising costs rose 10% to Rs 43 crore. Meanwhile, depreciation and finance costs remained stable at Rs 29 crore and Rs 15 crore, respectively. The improvement in revenue and control of key expenses helped Healthians bring down its losses sharply by 89% to Rs 5 crore in FY25 from Rs 45 crore in FY24. The firm posted positive EBITDA of Rs 32 crore in FY25 with EBITDA margin of 12.17%. Its ROCE stood at 2.73% in the same period. On a unit basis, the company spent Rs 1.05 to earn a rupee of operating revenue in FY25. The firm’s current assets increased slightly to Rs 170 crore including cash and bank balances worth Rs 49 crore in the fiscal. According to startup data intelligence platform TheKredible, Healthians has raised a total of $75 million of funding till date, having WestBridge, BEENEXT, DG Ventures and Youwecan as its lead investors. The company’s founder and CEO, Deepak Sahni owns 6.5% of the company.

Gameskraft crosses Rs 4,000 Cr revenue in FY25; PAT nears Rs 1,000 Cr

EntrackrEntrackr · 6m ago
Gameskraft crosses Rs 4,000 Cr revenue in FY25; PAT nears Rs 1,000 Cr
Medial

Gameskraft crosses Rs 4,000 Cr revenue in FY25; PAT nears Rs 1,000 Cr Gameskraft’s FY25 numbers reflect strong performance before the RMG ban. The firm reported double-digit revenue growth and maintained profitability during the fiscal year. The Indian government’s recent ban on real-money gaming formats has disrupted the sector overnight, but Gameskraft’s FY25 numbers reflect strong performance before the clampdown. The firm reported double-digit revenue growth and maintained profitability during the fiscal year. Gameskraft’s revenue from operations grew 12% to Rs 3,896 crore in FY25 from Rs 3,475 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Gameskraft operated popular gaming apps such as Rummy Culture, Playship, Pocket 52, RummyPrime, Ludo Culture, and Rummy Time. Its revenue (gross gaming revenue) came from platform fee or commission charged as a percentage of the buy-in fees users invest in games, which contributed Rs 3,882 crore (99.6% of operating revenue), registering a 12.2% growth. Its real estate business added Rs 11 crore, while other income sources contributed Rs 3 crore in FY25. The Bengaluru-based company made an additional Rs 113 crore from non-operating sources which pushed its total revenue to Rs 4,009 crore in FY25. On the cost side, promotional spending emerged as the single largest expense and accounted for 75% of total burn. To the tune of scale, this cost surged 58% to Rs 2,072 crore in FY25 from Rs 1,315 crore in FY24. Employee benefits, on the other hand, saw a decline of 11% to Rs 410 crore, while legal and professional fees fell 22.8% to Rs 112 crore in FY25. Overall, the company’s total expenses shot up 24% to Rs 2,766 crore in FY25 as against Rs 2,232 crore in FY24. See TheKredible for the detailed cost breakdown during the last fiscal year. Despite the jump in ad spend, Gameskraft managed to sustain profitability on the back of its strong topline and controlled costs in other areas. Its net profit stood at Rs 976 crore in FY25, slightly higher than the Rs 947 crore posted in FY24. It's worth noting that we have excluded exceptional items worth Rs 270.5 crore in the calculation of net profit of the company. Gameskraft's ROCE and EBITDA margin stood at 58.40% and 31.63%, respectively. On a unit basis, Gameskraft spent Rs 0.71 to earn a rupee of operating revenue in FY25. The company recorded current assets worth Rs 2,232 crore in FY25 which includes Rs 253 crore in cash and bank balances and Rs 1,319 crore invested in mutual funds. While Gameskraft’s FY25 numbers were unaffected, the Indian government’s new gaming law effective August 2025 has forced the company to halt its real-money operations, including shutting down “Add Cash” features and discontinuing its flagship rummy platform RummyCulture, alongside pausing its poker venture Pocket52 earlier in the year. The move, mandated by the Promotion and Regulation of Online Gaming Act, has also led Gameskraft to publicly state it will not pursue a legal challenge, instead opting for full compliance. Given that real-money gaming contributed nearly all of Gameskraft’s FY25 revenue, the ban is expected to significantly impact its business model, revenue streams, and growth trajectory going forward.

Yes Madam nears Rs 100 Cr revenue in FY25; remains profitable

EntrackrEntrackr · 4d ago
Yes Madam nears Rs 100 Cr revenue in FY25; remains profitable
Medial

Yes Madam nears Rs 100 Cr revenue in FY25; remains profitable Home salon services platform Yes Madam reported strong financial performance for the fiscal year ended March 2025. The company doubled its operating revenue during the period to nearly Rs 100 crore while maintaining its profitability. Noida-based Yes Madam doubled its revenue from operations to Rs 92.5 crore in FY25 from Rs 45.8 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Founded in 2016, Yes Madam is an at-home services platform that allows users to book beauty, salon, and wellness services such as haircuts, facials, waxing, and massages through its app or website. The company connects customers with trained professionals who deliver these services at home and earns revenue through commissions on each booking. The sale of products accounted for 54% of the company’s operating revenue, which doubled to Rs 50 crore in FY25. The remaining revenue of Rs 42.5 crore came from the sale of services, including commission income, subscription, and royalty income. The company also earned Rs 2 crore from non-operating sources such as penalty charges and interest on fixed deposits, bringing total income to Rs 94.5 crore in the previous fiscal year. On the expense side, procurement of products was the largest expense, accounting for 34% of the total, nearly doubling to Rs 31.4 crore in FY25. Business promotion expenses increased 3.7X to Rs 27 crore. Employee benefits expenses rose 52% year-on-year to Rs 18.14 crore in FY25 from Rs 12 crore in FY24. Other overheads, such as IT expenses, cashbacks, professional and consultancy expenses, and rent, led the firm to double its overall expenditure to Rs 92.4 crore from Rs 45.5 crore in FY24. Yes Madam remained profitable in the fiscal year ended March 2025, reporting a profit of Rs 1.8 crore. Its ROCE and EBITDA margin stood at 2.29% and 0.57%, respectively. The company recorded cash and bank balances of Rs 5.5 crore, while its current assets stood at Rs 21.4 crore at the end of FY25.

R for Rabbit doubles revenue in two years, crosses Rs 250 Cr in FY25

EntrackrEntrackr · 22h ago
R for Rabbit doubles revenue in two years, crosses Rs 250 Cr in FY25
Medial

R for Rabbit doubles revenue in two years, crosses Rs 250 Cr in FY25 D2C baby products brand R for Rabbit has nearly doubled its scale over the past two years, growing from Rs 128 crore in FY23 to around Rs 250 crore in FY25. Despite the rapid expansion, the company managed to maintain a near break-even position during the last fiscal year. R for Rabbit’s revenue from operations increased 47.6% year-on-year to Rs 251 crore in FY25 from Rs 170 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies. Founded by husband-wife duo Kunal and Kinjal Popat, R for Rabbit operates in the baby products segment with a wide portfolio that includes strollers, car seats, high chairs, and other childcare essentials. Revenue from the sale of products remained the company’s sole source of income. According to its website, the company has more than 3,000 offline channel partners and serves a customer base of over 5 million parents. For the Ahmedabad-based company, the cost of materials consumed remained the largest expense, accounting for 62% of total costs. In line with its scale, this cost rose 40% to Rs 155 crore in FY25. Meanwhile, employee benefit expenses increased 37.5% during the same period. The company’s marketing and advertising expenses jumped 60% year-on-year to Rs 24 crore, while other overheads, including freight, legal, auditor, and miscellaneous costs, pushed total expenses up by 48.2% to Rs 252 crore in FY25 from Rs 170 crore in FY24. Despite the aggressive growth, where the company nearly doubled its revenue in two years, R for Rabbit remained close to breakeven, reporting a marginal loss of Rs 14 lakh in the last fiscal year. On a unit level, the company spent Rs 1 to earn a rupee in FY25. Its ROCE and EBITDA margins stood at 9.53% and 2.33%, respectively. As of March 2025, the company reported total current assets of Rs 115 crore, including cash and bank balances of Rs 12 crore. R for Rabbit has raised around $32 million in funding to date, including a $23 million primary and secondary Series B round at a valuation of $100 million. While many D2C brand segments have relied heavily on venture funding to fuel growth, R for Rabbit’s steady scale and controlled losses highlight a more capital-efficient approach. As India’s baby care market continues to shift toward branded and safety-certified products, the company could have enough room to expand both online and offline.

Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles

EntrackrEntrackr · 4m ago
Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles
Medial

Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles Online travel aggregator Yatra reported strong year-on-year growth in both revenue and profit. The Gurugram-based firm nearly doubled its profit in Q2 FY26, with revenue rising by 48% during the same period. Yatra’s revenue from operations increased 48% to Rs 350.8 crore in Q2 FY26 from Rs 236.4 crore in Q2 FY25, according to its consolidated unaudited financials sourced from the National Stock Exchange (NSE). Income from hotels and packages was the company’s largest revenue contributor, followed by air ticketing and other allied services. It also earned Rs 5 crore from non-operating sources, bringing its total income to Rs 356 crore in Q2 FY26, up from Rs 215.4 crore in Q2 FY25. The travel aggregator allocated 66% of its total expenses to service costs, which amounted to Rs 225.14 crore, followed by employee benefits at Rs 41 crore. Additional spending on payment gateway charges, marketing, legal, IT, and other overheads pushed its total expenditure to Rs 339 crore in Q2 FY26. A 48% rise in operating revenue drove the company’s profit up by 95% to Rs 14.27 crore in Q2 FY26, compared to Rs 7.3 crore in Q2 FY25. On a unit level, the firm spent Re 0.97 to earn one rupee of revenue during the quarter. On a half-yearly basis, Yatra’s operating revenue surged 66% year-on-year to Rs 560.6 crore while the firm’s profits nearly tripled to Rs 30.27 crore during the same period. Following its strong financial results, Yatra’s stock surged 15% to close at Rs 167, taking the company’s market capitalization to Rs 2,602.77 crore at the end of today’s trading session.

Ecozen’s profit nears Rs 100 Cr in FY25; revenue jumps 2.5X

EntrackrEntrackr · 2m ago
Ecozen’s profit nears Rs 100 Cr in FY25; revenue jumps 2.5X
Medial

Ecozen, a climate-tech firm focused on solar-powered cold chain and irrigation solutions, delivered a strong financial performance in FY25, recording 2.5x year-on-year growth. Moreover, the company’s profits surged nearly fivefold during the same period. Ecozen’s revenue from operations rose 2.5X to Rs 1,150 crore in FY25 from Rs 458 crore in FY24, according to its consolidated annual financial statements filed with the Registrar of Companies (RoC). Ecozen provides climate smart solutions built on core technology stacks such as motor controls, IoT, and energy storage, leveraging solar power. The company’s key products include Ecotron (solar pump controller), Ecofrost (solar cold storage), solar AC, solar panels. The sale of solar and related products accounted for 77% of its collections, which rose 2.3x to Rs 889 crore in FY25. The rest of the income came from the installation of a solar pumping system and other services; this revenue rose by 23% to Rs 261 crore during FY25. On the expense front, the cost of materials remained the largest cost element, forming 64% of the total spend. This cost surged 2X to Rs 662.5 crore in FY25 from. Contract costs ballooned over 3X to Rs 169 crore, while employee benefit expenses grew 58% to Rs 49 crore during the year. After sales service expense, warranty claim expense, and other overheads climbed to Rs 118 crore during FY25. Overall, total expense spiked 2.4x to Rs 1,038 crore in FY25 from Rs 439.5 crore in FY24. With the 2.5X growth in FY25, the profits for the Pune-based firm shot up by nearly 5x to Rs 95 crore in FY25 from Rs 20 crore in FY24. During the previous fiscal, its ROCE and EBITDA margin improved to 28.92% and 13.17%, respectively. On a unit level, Ecozen spent Rs 0.90 to earn a rupee in FY25. The company’s current assets were worth Rs 831 crore at the end of FY25, including cash and bank balances of Rs 228 crore, up from Rs 96 crore in FY24. According to TheKredible, Ecozen has raised over $76 million to date through a mix of debt and equity. Nuveen Global and Omnivore are the company’s lead investors. The company is in the process of raising Rs 95 crore (approximately $10.7 million) in debt funding from Momentum Capedge Limited.

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