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Salesforce India profit jumps 40% to Rs 888 Cr, revenue crosses $1B
YourStory
·
9m ago
Medial
Salesforce's Indian unit reported a 40% increase in net profit to Rs 888.3 crore for FY24, with revenue growing by 36% to Rs 9,116 crore. The company also announced plans to lease a 12-storey building in Bengaluru, making it the 10th city globally to have a 'Salesforce Tower'. The company's workforce in India has increased by 3,000 since January 2024 to reach 13,000 in November. Salesforce sees India as an opportunity for market growth, talent hub development, and addressing digital transformation demands. It aims to achieve 8-9% growth in global revenue to $38 billion in FY25.
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Boult Audio revenue jumps 40% to over Rs 700 Cr in FY24
Entrackr
·
3m ago
Medial
Boult Audio revenue jumps 40% to over Rs 700 Cr in FY24 Bootstrapped consumer electronics brand Boult Audio recorded a 40% surge in operating revenue for the fiscal year ending March 2024. However, the notable top-line came at a cost, as the Delhi-based company’s profit declined by 37%. Boult’s revenue from operations increased by 40% to Rs 697 crore in FY24 from Rs 498 crore in FY23, according to its financial statement sourced from the Registrar of Companies (RoC). Founded in 2017, Boult Audio designs, develops and manufactures wireless earbuds, headphones, smartwatches, and speakers. Revenue from sale of these products remained the sole source of revenue. The company’s revenue majorly came from domestic sales, which grew 45% to Rs 620 crore in FY24. Revenue from overseas sales remained stable at Rs 77 crore, contributing 11% to the top line. Boult made additional Rs 5 crore from non-operating revenue which pushed its total revenue to Rs 702 crore in FY24 from Rs 501 crore in FY23. On the expense side, the largest cost component—cost of material consumed—rose 25% to Rs 402 crore, accounting for nearly 58% of total expenses. Advertising expenditure spiked 74% to Rs 162 crore, while post-supply discounts grew 84% to Rs 70 crore. These two expenditures collectively accounted for over 33% of its total expenses. Employee benefit expenses rose by over 50% year-on-year to Rs 26 crore in FY24. Other overheads, including admin and general expenses, added Rs 39 crore to the total cost. Overall, total costs increased by 41% to Rs 699 crore in FY24. As overall costs outpaced revenue growth, Boult’s net profit declined by 37% to Rs 2.5 crore in FY24 from Rs 4 crore in FY23. Its ROCE and EBITDA margin stood at 52.94% and 2.64%, respectively. On a unit level, Boult Audio spent Rs 1.00 to earn each rupee of revenue. As of March 2024, the company recorded current assets worth Rs 211 crore including Rs 9 crore in cash and bank balance. Boult’s inventories stood at Rs 964.5 crore during the same period—up 63% from FY23. This significant buildup suggests Boult is preparing for high-volume sales, possibly ahead of festive seasons or upcoming launches. Boult made its first recorded CSR contribution of Rs 12.23 lakh in FY24. According to TheKredible, Boult Audio has remained unfunded till date. Its co-founders, Varun Gupta and Tarun Gupta together own 49.5% of the company. Its director Vinod Gupta holds a 23.76% stake, while Pankhuri Gupta, who leads design at Boult, holds 25.74% stake in the company. The firm competes directly with homegrown electronics rivals boAt and Noise. In FY24, market leader boAt reported revenue of Rs 3,118 crore but closed the year with a loss of Rs 80 crore. Noise followed with Rs 1,431 crore in revenue and a loss of Rs 19 crore.
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Delhivery posts Rs 2,294 Cr revenue in Q1 FY26; net profit jumps 67% YoY
Entrackr
·
7d ago
Medial
url: https://entrackr.com/fintrackr/delhivery-posts-rs-2294-cr-revenue-in-q1-fy26-net-profit-jumps-67-yoy-9615373. Content: Logistics company Delhivery announced its Q1 FY26 results, posting a 5.6% year-on-year increase in revenue. The firm reported a profit of Rs 91 crore for the quarter. Delhivery's revenue from operations rose to Rs 2,294 crore, with primary income coming from logistics services. Total revenue, including non-operating activities, reached Rs 2,423.8 crore. Freight handling and servicing costs were Rs 1,566 crore, while employee benefit expenses rose to Rs 352.65 crore. Overall expenditure increased to Rs 2,326.6 crore. Delhivery's profit surged 67% compared to the same quarter of FY25. The company's share price stood at Rs 429.05, with a market capitalization of Rs 32,032.5 crore ($3.76 billion).
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Zeta India crosses Rs 800 Cr revenue in FY23, turns profitable
Entrackr
·
1y ago
Medial
Zeta India, a banking tech firm, reported revenue growth of 32.7% to Rs 816 crore in FY23, turning profitable in the same period. However, it did not match the growth levels of the previous fiscal year. The company offers financial services to institutions and generated 76% of its income from outside India. Employee benefits accounted for the majority of expenses, but cost control measures helped the company post a profit of Rs 22 crore in FY23. Zeta became a unicorn in May 2021 after raising funds from SoftBank and Mastercard.
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Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
Entrackr
·
2m ago
Medial
Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6% Logistics company Delhivery announced its Q4 FY25 results on Friday, reporting a 6% year-on-year increase in revenue. The Gurugram-based firm also reported a profit of Rs 72 crore during the same period. Delhivery’s revenue from operations grew to Rs 2,191 crore in Q4 FY25, according to its financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), Delhivery’s operating revenue increased 10% to Rs 8,932 crore in FY25 from Rs 8,141 crore in FY24. Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 112 crore from non-operating activities, bringing its total revenue to Rs 2,303 crore in Q4 FY25. Meanwhile, for the full fiscal year, total income reached Rs 9,372 crore. For Delhivery, freight handling and servicing costs made up 70% of its total expenditure, rising by 3% to Rs 1,566 crore in Q4 FY25. Employee benefit expenses decreased by 6% to Rs 337 crore. Legal, depreciation, and other overhead costs contributed to a minor decrease in overall expenditure, which reached Rs 2,249 crore during the quarter. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 9,217 crore as against Rs 8,825 crore in FY24. Delhivery's continued growth and controlled expenditure resulted in a profit of Rs 72 crore in Q4 FY25, compared to a loss of Rs 68 crore in Q4 FY24. On a fiscal basis, it turned profitable and reported a net profit of Rs 162 crore in FY25 as compared to a loss of Rs 249 crore in FY24. At the close of today’s trading session, Delhivery’s share price stood at Rs 321 per share, giving the company a market capitalization of Rs 23,957 crore.
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Zerodha crosses $1B in revenue in FY24; profit up 89%
YourStory
·
7m ago
Medial
Online brokerage platform Zerodha reported an 89% increase in net profit for FY24, reaching ₹5,496 crore from ₹2,908 crore the previous year, driven by a 37.16% rise in revenue to ₹9,372 crore. However, the company anticipates a 10% revenue dip this fiscal year due to SEBI's new fee regulations and a potential 30-50% drop in index derivatives trading. To adapt, Zerodha plans to diversify into margin trade funding, investments, and loan-against-securities services, as shared by co-founder Nithin Kamath.
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Whatfix’s Revenue Jumps 49%, Crosses INR 400 Cr Mark
Inc42
·
9m ago
Medial
The startup Whatfix reported a total revenue of INR 445.3 Cr, showing a 1.5X increase from the previous year. They also managed to reduce their net loss by 20% to INR 263 Cr. Even though their revenue increased significantly, the company's total expenses only rose 12% to INR 706 Cr.
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Ratan-Tata backed CashKaro crosses Rs 250 Cr revenue in FY23
Entrackr
·
1y ago
Medial
Cashback and coupons app CashKaro, backed by Ratan Tata, saw a 15.28% growth in revenue in the fiscal year ending March 2023, reaching Rs 249 crore. The company also reported a 26% decline in losses. CashKaro offers coupons and cashback to consumers and has partnerships with over 1,500 e-commerce brands. The cost of cashback accounted for 52% of total expenditure, and advertising and promotion expenditures increased by 20.8%. CashKaro aims to achieve a 30-40% revenue increase to Rs 350-375 crore in FY24.
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Beardo crosses Rs 100 Cr revenue in FY23, slips into losses
Entrackr
·
1y ago
Medial
Beardo, owned by Marico, saw a 12.2% increase in revenue to Rs 106.6 crore in FY23, despite a deceleration from its notable 50% growth in FY22. However, the company slipped into losses during FY23 after making its first-ever profit in FY22. High advertising costs and legal fees impacted its finances, leading to a loss of Rs 6.13 crore in FY23, compared to a profit of Rs 75 lakhs in FY22. The challenge for Beardo remains building a flagship brand to lead its portfolio in the competitive D2C sector.
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Infibeam crosses Rs 1,000 Cr revenue threshold in Q2 FY25
Entrackr
·
8m ago
Medial
Digital payments firm Infibeam's operating revenue grew by 29.19% during the quarter ending September 2024. Moreover, the Ahmedabad-based company’s profit also increased 16.45% in Q2 FY25. Infibeam Avenues’s revenue from operations spiked to Rs 1,016.65 crore in Q2 FY25 from Rs 786.97 crore in Q2 FY24, its unaudited consolidated financial statements from Bombay Stock Exchange (BSE) show. Payment business accounted for 95.7% of its total collection which increased by 31.82% to Rs 973.34 crore in Q2 FY25. Meanwhile, there was a 10.81% decline in e-commerce platform business, which fell to Rs 43.31 crore. The company recorded a total revenue of 1,020.19 crore in Q2 FY25. Infibeam operates a diversified digital platform, with a primary focus on digital payments and e-commerce solutions. The company’s total expenses for Q2 FY25 rose by 30.41% to Rs 957.1 crore in Q2 FY25. Operating expenses was the largest contributor, rising by 29.98% to Rs 882.3 crore. Employee benefits increased by 10.86% to Rs 34.5 crore, while depreciation cost grew 3.64% to Rs 17.1 crore. The company also incurred Rs 23.2 crore on other undisclosed expenses. Infibeam’s profit after tax rose 16.495 to Rs 47.4 crore in Q2 FY25 from Rs 40.69 crore in the same period last year. Its ROCE and EBITDA margin stood at 1.62% and 7.96%, respectively. On a unit basis, the company spent Re 0.94 to earn a rupee of operating revenue in Q2 FY25. Infibeam competes with major players like Paytm, Razorpay, and PhonePe in the digital payments sector. At the end of today, its market cap stood at Rs 7,600 crore while the firm stock was trading at Rs 27.30.
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Travel Boutique Online’s PAT crosses Rs 200 Cr in FY24
Entrackr
·
1y ago
Medial
Online B2B travel distribution platform Travel Boutique Online (TBO) demonstrated a decent 30.8% Y-O-Y growth during the fiscal year ended March 2024. At the same time, the profits (PAT) of the company spiked with the same pace and surpassed Rs 200 crore in the same period. Travel Boutique’s revenue from operations grew to Rs 1,393 crore in FY24 from Rs 1,065 crore in FY23, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. TBO Tek TBO is a travel distribution platform that extends white-label solutions to travel agents and tour operators. By facilitating air travel, hotel bookings, and tour packages, the platform makes money on commissions on these services. The commission from hotels and packages formed a significant 72.8% of the total operating revenue which increased 40.4% to Rs 1,014 crore during FY24. Commission from air ticketing contributed Rs 347 crore to its operating income. For the B2B travel distribution platform, the cost of providing services for air ticketing, hotels, and packages accounted for 40% of the overall expenditure. This cost grew 41.9% to Rs 471 crore in FY24. Travel Boutique’s spending on employee benefits grew by 21.5% in FY24. Its legal, professional, advertising, technology, and other overheads took the overall expenditure up by 29.2% to Rs 1,181 crore in FY24. Head to TheKredible for the complete expense breakup. The controlled cost mechanism increased Travel Boutique’s profit by 35.8% to Rs 201 crore in FY24 from Rs 148 crore. Its ROCE and EBITDA margins stood at 31% and 19.9% respectively. On a unit level, it spent Rs 0.85 to earn a rupee in FY24. FY23-FY24 FY23 FY24 EBITDA Margin 19% 19.9% Expense/₹ of Op Revenue ₹0.86 ₹0.85 ROCE 43% 31% TBO Tek was listed on the stock exchange on 15th May 2024. Currently, the share price of the firm stands at Rs 1,410.3 (as of 31st May 2025) with a total market cap of Rs 15,314 crore.
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