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RentoMojo FY24: Profit Jumps 3X To INR 22 Cr, Operating Revenue Inches Closer To INR 200 Cr

Inc42 · 10m ago

RentoMojo FY24: Profit Jumps 3X To INR 22 Cr, Operating Revenue Inches Closer To INR 200 Cr

RentoMojo, an online furniture rental startup, experienced strong growth in FY24. Its operating revenue increased, reaching nearly INR 200 crore, driven by high customer demand and improved efficiency through automation. The company's profit after tax also saw a significant increase, surging more than three-fold to INR 22 crore compared to the previous year. RentoMojo's EBITDA grew 142% year-on-year to INR 66 crore, thanks to increased operational efficiency achieved through automation.

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Furniture Rental Startup RentoMojo To Suit Up For IPO In The Next 18 Months

Inc42 · 11m ago

Furniture Rental Startup RentoMojo To Suit Up For IPO In The Next 18 Months

RentoMojo, a rental company, has achieved sustainable unit economics while others in the industry struggle. The company faced financial challenges during the pandemic, with a short cash runway. However, it is estimated to have generated INR 200 Cr in revenue and a profit after tax of INR 22 Cr in FY24.

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

Inc42 · 9m ago

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

The startup reported a significant increase in operating revenue of INR 88 Cr, a 114% rise from the previous year. However, its total loss for the fiscal year 2024 was INR 96 Cr, showing an 18% decrease from the previous fiscal year. The startup's expenditure also increased by 21% to reach INR 200 Cr in FY24 compared to INR 165.4 Cr in the previous fiscal year.

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Inc42 · 1y ago

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Inc42 · 1y ago

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.

Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24

Inc42 · 1y ago

Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24

Trust Fintech, a Nagpur-based company offering SaaS products and fintech solutions, witnessed a significant increase in operating revenue, which rose by 55.4% to INR 35 Cr in FY24 compared to INR 22.5 Cr in FY23. However, the company experienced a decline in profit and revenue in the second half of FY24, in contrast to the first half of the year. Trust Fintech recently listed on NSE Emerge.

Yubi Group Cuts FY24 Net Loss By 22%, Revenue Jumps 47%

Inc42 · 9m ago

Yubi Group Cuts FY24 Net Loss By 22%, Revenue Jumps 47%

Yubi, a debt platform connecting enterprises with lenders and investors, has reported a significant reduction in losses and an increase in operating revenue. The company's losses decreased by over 22% to INR 395.8 Cr in FY24 compared to INR 509.8 Cr the previous year. At the same time, its operating revenue surged by over 47% to INR 483.7 Cr in FY24 compared to INR 327.6 Cr the previous year. Yubi was founded in 2017 by Gaurav Kumar.

Furniture rental startup Rentomojo nears Rs 200 crore FY24 operating revenue

Economic Times

Economic Times · 10m ago

Furniture rental startup Rentomojo nears Rs 200 crore FY24 operating revenue

Rentomojo, a furniture and electronics rental platform, reported operating revenue of INR 200 crore in the last fiscal year. The company saw a 60% rise in operating revenue and a threefold increase in net profit, thanks to people returning to workplaces after the pandemic. Rentomojo's founder, Geetansh Bamania, attributed the growth to enhanced automation and disciplined cost management. The company aims to file for an IPO in the next 18 months and is targeting a 40-50% growth in profit for the current fiscal year. Rentomojo currently operates in 19 cities and has an occupancy rate of 84%.

ixigo FY24: Profit Jumps Over 200% To INR 73.1 Cr, Train Bookings Biggest Revenue Source

Inc42 · 1y ago

ixigo FY24: Profit Jumps Over 200% To INR 73.1 Cr, Train Bookings Biggest Revenue Source

ixigo, an online travel platform in India, reported a 31% increase in operating revenue in the fiscal year, reaching INR 655.9 Cr. The train ticketing segment played a significant role in this growth, contributing INR 370.1 Cr, a 24% YoY increase. In the fourth quarter of FY24, ixigo achieved a net profit of INR 7.4 Cr with a revenue of INR 164.8 Cr.

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Inc42 · 1y ago

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Yudiz Solutions reported a net profit of INR 1.33 crore in the first half of FY24, but recorded a loss of INR 4.2 crore in the second half. The company's operating revenue declined to INR 10.3 crore in H2 FY24 from INR 15.9 crore in H1 FY24, representing a year-on-year decrease of 37.2%. In FY23, Yudiz achieved a net profit of INR 2.7 crore on an operating revenue of INR 27.3 crore.

DroneAcharya’s Net Profit Doubles To 6.2 Cr In FY24, Operating Revenue Jumps 90%

Inc42 · 1y ago

DroneAcharya’s Net Profit Doubles To 6.2 Cr In FY24, Operating Revenue Jumps 90%

Pune-based DroneAcharya Aerial Innovations reported a profit after tax of INR 6.2 Cr in FY24, nearly doubling from INR 3.42 Cr in FY23. Operating revenue rose 90% to INR 35.19 Cr, attributed to growth as a drone solutions provider and training organization. Founded in 2017 by Prateek Srivastava, DroneAcharya entered drone manufacturing in partnership with Gridbots Technologies. Total revenue, including other income, reached INR 37.35 Cr. The company expanded its drone pilot training centers and secured notable contracts with the Adani Group and the Indian Army, aiming to export drones internationally and establish a global presence.

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