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Peak XV-backed Scapia reports Rs 83 Cr loss on Rs 29 Cr revenue in FY25

EntrackrEntrackr · 3m ago
Peak XV-backed Scapia reports Rs 83 Cr loss on Rs 29 Cr revenue in FY25
Medial

Travel fintech startup Scapia has raised $40 million in a Series B round led by Peak XV shortly after FY25, as investors doubled down on the company’s growth potential. The fundraiser follows over 70% year-on-year growth in scale. However, losses continue to remain a key challenge for the company. Scapia’s operating revenue surged to Rs 29 crore in FY25 from Rs 17 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Founded by Anil Goteti, Scapia operates as a fintech-travel platform, offering a lifetime-free credit card with travel rewards. It generates revenue through interchange fees, interest on EMIs, and partner commissions from travel bookings. Service income remained the largest contributor to the company, which accounted for 82.8% of operating revenue. This income increased 60% to Rs 24 crore in FY25. Revenue from convenience fees more than tripled to Rs 3.4 crore, while commission income grew 71.4% to Rs 1.2 crore during the year. On the cost side, employee benefit expenses emerged as the largest cost head, accounting for nearly half of the total cost. This expense jumped 71.8% to Rs 61 crore in FY25 from Rs 35.5 crore in FY24. Advertising expenses declined sharply by 35% to Rs 32 crore in FY25 from Rs 49.5 crore in FY24. Other operating costs, such as lounge service expenses remained flat at Rs 7 crore, while subscription charges rose 17% to Rs 7 crore. Customer support costs increased marginally to Rs 4 crore, and other expenses climbed 21% to Rs 12.5 crore. Overall, Scapia’s total expenses increased 10% to Rs 123.5 crore in FY25 from Rs 112 crore in FY24. With Scapia’s revenue outpacing expense growth, its net loss reduced to Rs 83 crore in FY25 from Rs 88 crore in FY24. Its ROCE and EBITDA margin stood at -22.98% and -322.41%, respectively. On a unit basis, Scapia spent Rs 4.26 to earn a rupee in FY25, an improvement from Rs 6.59 in FY24. The company strengthened its balance sheet during the year, with cash and bank balance worth Rs 305 crore, while its current assets more than doubled to Rs 331 crore. Scapia has raised a total of $72 million of funding to date, having Peak XV Partners, Matrix Partners and Elevation Capital as its lead investors. The company’s founder, Anil Goteti, owns 40% of the company.

Decathlon India reports Rs 65 Cr loss in FY25 as compared to Rs 197 Cr PAT in FY24

EntrackrEntrackr · 3m ago
Decathlon India reports Rs 65 Cr loss in FY25 as compared to Rs 197 Cr PAT in FY24
Medial

Decathlon, the French sporting goods retailer’s Indian arm, reported a net loss of Rs 65 crore in the fiscal year ending March 2025, compared to a profit of Rs 197 crore in FY24. The reversal came as a sharp rise in operating expenses seconded revenue growth during the year. Decathlon’s revenue from operations grew by 3% year-on-year to Rs 4,133 crore in FY25 from Rs 4,008 crore in FY24, according to its financial report sourced from Registrar of Companies (RoC). Including other income of Rs 49 crore, the company’s total income stood at Rs 4,182 crore in FY25, compared to Rs 4,067 crore a year earlier. On the spending side, the cost of materials, which includes sourcing and procurement of sporting goods, remained the largest expense, accounting for 62% of the total expense. This cost rose 8% to Rs 2,644 crore in FY25 from Rs 2,457 crore in FY24. Employee benefit expenses grew 11% to Rs 363 crore, while depreciation costs surged 74.3% to Rs 305 crore during the last fiscal year. Other expenses, including store operations and overheads, increased 13.7% year-on-year to Rs 952.5 crore. Overall, the company’s total expense rose 12.3% to Rs 4,264.5 in FY25 from Rs 3,797 crore in FY24. With the company’s expense outpacing revenue growth, it recorded a net loss of Rs 65 crore in FY25, as compared to a profit of Rs 197 crore in FY24. However, the company reported positive EBITDA of Rs 174 crore in the same period. Its ROCE and EBITDA margin stood at -5.73% and 4.20%, respectively. On a unit basis, the company spent Rs 1.03 to earn a rupee of operating revenue in FY25. On the balance sheet front, its current assets increased to Rs 1,400 crore from Rs 1,247 crore, while cash and bank balances declined sharply to Rs 73 crore at the end of FY25 from Rs 320 crore a year earlier.

GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25

EntrackrEntrackr · 5m ago
GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25
Medial

Fintrackr All Stories GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25 GenieMode continued to grow during the fiscal year ending March 2025. The firm crossed the Rs 650 crore gross merchandise value (GMV) milestone, while controlled expenses helped narrow its losses by 35% year-on-year in FY25. The company’s gross revenue grew 21% to Rs 673 crore in FY25 from Rs 556 crore in FY24, its consolidated financial statement sourced from the Registrar of Companies (RoC) shows. GenieMode is a business-to-business cross-border e-commerce marketplace for buyers in furniture, home textile, apparels and accessories. The sale of these goods accounted for 98% of its income, which increased by 20% year-on-year to Rs 657 crore in FY25 from Rs 549 crore in FY24. The company’s largest expense was the cost of materials, which accounted for 75% of the total cost. This expense rose 18% to Rs 551 crore in FY25 from Rs 467 crore in FY24. On the other hand, employee benefit expenses decreased 13% to Rs 69 crore in FY25 from Rs 79 crore in FY24. While legal and professional fees rose 41% to Rs 38 crore, finance costs more than doubled to Rs 14.5 crore. Other expenses added the remaining Rs 51.5 crore, pushing total costs to Rs 731 crore in FY25. In the end, GenieMode managed to cut its loss by 35% to Rs 51 crore in FY25 from Rs 78 crore in FY24. Its ROCE and EBITDA margin stood at -10.76% and -7.58%, respectively. On a unit basis, the company spent Rs 1.09 to earn a rupee of operating revenue in the last fiscal year. On a balance sheet front, the Gurugram-based company recorded total assets of Rs 690.5 crore in FY25 while current assets were Rs 544 crore including Rs 42 crore in cash and bank balances. According to TheKredible, GenieMode has raised $92 million of funding till date, having Info Edge, Tiger Global and Multiples Equity as its lead investors. The company’s co-founders Amit Sharma and Tanuj Gangwani own 39% of the company.

Pep Technologies cuts losses 81% in FY25; Hyphen drives growth, mCaffeine stalls

EntrackrEntrackr · 12d ago
Pep Technologies cuts losses 81% in FY25; Hyphen drives growth, mCaffeine stalls
Medial

Fintrackr All Stories Pep Technologies cuts losses 81% in FY25; Hyphen drives growth, mCaffeine stalls mCaffeine’s parent reported 23% growth in FY25, along with an 81% reduction in losses. However, a closer look at its consolidated balance sheet indicates flat growth for mCaffeine. mCaffeine’s parent reported 23% year-on-year growth in the fiscal year ending March 2025, along with an 81% reduction in losses. However, a closer look at its consolidated balance sheet indicates flat growth for mCaffeine, while its other brand, Hyphen, grew over 6.5X and crossed the Rs 50 crore mark during the last fiscal year. Pep Technologies, the parent company, recorded a 23% increase in operating revenue to Rs 237.5 crore in FY25 from Rs 193 crore in FY24, according to its financial statements sourced from the RoC. While the firm did not disclose a brand-wise revenue breakdown, Hyphen’s operating entity, Kreative Beauty, reported Rs 50 crore in FY25. Excluding this, mCaffeine’s revenue remained largely flat at Rs 187.5 crore in FY25. The revenue break-up for mCaffeine could not be ascertained, as the company did not report standalone financial statements for the brand. mCaffeine offers caffeine-based skincare and haircare, while Hyphen focuses on clean, vegan skincare with multi-benefit products. Both brands sell online through marketplaces as well as their own platforms. Sale of its products was the sole source of operating revenue for Pep Technologies. The Powai-based company also earned Rs 1.5 crore from interest income that took its total income to Rs 239 crore in FY25. The firm’s largest expense head, advertising, declined by 13.5% to Rs 96 crore in FY25 from Rs 111 crore in FY24. This cost accounted for 38% of the total cost. Cost of materials increased by 6.5% to Rs 66 crore, while employee benefit expenses fell 29.9% to Rs 27 crore. Warehousing costs also decreased by 7.4% to Rs 31.5 crore while commission cost rose 22.2% to Rs 11 crore. Overall, mCaffeine reduced its total expenses by 13% to Rs 252 crore in FY25 from Rs 290 crore in FY24. The combination of revenue growth and tighter cost control helped the firm narrow its losses by 81% to Rs 18 crore in FY25 from Rs 93 crore in FY24. Its ROCE and EBITDA margin improved to -130.71% and -7.54% respectively. On a unit basis, Pep Technologies spent Rs 1.06 to earn a rupee during the fiscal year, compared to Rs 1.50 in FY24. The firm reported current assets of Rs 111 crore, including Rs 29.5 crore in cash and bank balances in FY25. mCaffeine’s parent Pep Technologies has raised nearly $50 million of funding till date, having Amicus Capital as the largest external shareholder, followed by RPSG Ventures and Paragon Partners. The contrast within the portfolio stands out. While mCaffeine appears to have reached a phase of limited growth, Hyphen is emerging as the key driver of momentum. This shift suggests a gradual rebalancing of focus within the company’s brand mix. For Pep Technologies, the challenge now is twofold: sustaining Hyphen’s trajectory while finding ways to revive growth in mCaffeine. Over time, capital allocation, marketing focus, and product innovation may increasingly tilt toward the faster-growing brand. The firm’s broader direction will likely depend on how effectively it manages this transition without diluting the identity or positioning of either brand.

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