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Spice brand Zoff crosses Rs 100 Cr revenue in FY25; slips into losses

EntrackrEntrackr · 2d ago
Spice brand Zoff crosses Rs 100 Cr revenue in FY25; slips into losses
Medial

Shark Tank featured spice brand Zoff crossed the Rs 100 crore mark in the last fiscal year ending March 31, 2025. However, the Aman Gupta-backed company slipped into losses in the same period due to higher expenses and write-offs. Zoff’s revenue from operations grew by 11% to Rs 103 crore in FY25 from Rs 93 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Co-founded in 2018 by Akash and Ashish Agrawal, Zoff specializes in high-quality spices. The brand offers a curated selection of spices, dry fruits, and whole food products. The company’s cost structure expanded at a much faster pace than revenue. Its total expenses increased 32% to Rs 120 crore in FY25 from Rs 91 crore in FY24. Cost of materials remained the largest expense for Zoff, accounting for 61% of the total cost. To the tune of scale, this cost rose 22% to Rs 73 crore in FY25 from Rs 60 crore in FY24. Advertising expenses jumped threefold to Rs 12 crore in FY25 from Rs 4 crore in FY24. Employee benefit expenses increased 25% to Rs 5 crore. The company also reported Rs 4 crore as bad debt write-offs during the year. The company lost its profitability and posted a loss of Rs 17 crore in FY25, as compared to a loss of Rs 20 lakh in FY24. Its ROCE and EBITDA margin stood at -54.17% and -17.96% respectively. On a unit basis, Zoff spent Rs 1.17 to earn a rupee of operating revenue during the year, compared to Rs 0.98 in the previous fiscal. Zoff’s current assets increased to Rs 50 crore from Rs 43.5 crore. The company’s cash and bank balances stood at Rs 0.2 crore at the end of FY25. According to TheKredible, Zoff has raised around $5 million of funding till date, having JM Financial India as its lead investor. The company’s co-founders Akash and Ashish Agarwal together own 52.5% of the company. The company is reportedly planning to raise a new round as it eyes offline expansion. The rise of losses even as it barely registered double-digit growth indicates growth challenges at the firm. The rise of raw material costs as well as advertising in particular are a surprise, considering the publicity bump it received from Shark Tank. Spices remain an intensely competitive category, and spreading itself too thin may not be the best idea for Zoff, and will simply lead to more commoditization of its offerings.

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Spice brand Zoff raises Rs 40 Cr in Series A from JM Financial

EntrackrEntrackr · 1y ago
Spice brand Zoff raises Rs 40 Cr in Series A from JM Financial
Medial

Spice brand Zoff has secured Rs 40 crore ($4.8 million) from JM Financial Private Equity through JM Financial India Growth Fund III. The company had previously secured funding in Shark Tank India from boAt’s co-founder Aman Gupta The proceeds will be used to launch new products and expand the business into new segments such as ready-to-cook, condiments, cooking pastes & seasoning kits and strengthen its offline distribution network through general trade, modern trade channels and other retail outlets, Zoff said in a press release. Co-founded in 2018 by Akash and Ashish Agrawal, Zoff specializes in high-quality spices. The brand offers a curated selection of spices, dry fruits, and whole food products. It focuses on providing high-quality ingredients that elevate consumer culinary creations’ taste and health benefits. According to the Raipur-based company, it has a fully automated manufacturing unit which utilizes cold grinding technology to preserve the flavor and aroma of raw spices. The brand claims that its multi-layered ziplock packaging ensures the spices remain fresh for an extended period. Zoff says that it has created a robust online presence by focusing on quick commerce and empowered spices market in a short period of time, registering a profitable revenue over the years. The company is looking to penetrate deeper into the tier-II and tier-III cities. The company also claims that it competes with other big brands like Everest and MDH.

Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr

EntrackrEntrackr · 3m ago
Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr
Medial

Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr Smytten, a product discovery and trial platform, improved its expense discipline and significantly narrowed losses, but the revenue decline highlights its continuing struggle to achieve sustainable growth in FY25. The company’s revenue from operations declined 10.5% to Rs 111 crore in FY25 from Rs 124 crore in FY24, according to its provisional financial statement sourced from the Registrar of Companies (RoC). Smytten derives its income largely from product trials and allied services for D2C and FMCG brands. The firm also generates ancillary revenues through brand promotions and partnerships. The company did not provide a revenue breakup in its provisional financial statements. On the expense front, the cost of materials, the firm’s largest expense, declined 17% to Rs 58 crore in FY25 from Rs 70 crore in FY24. Employee benefit expenses fell 9% to Rs 20 crore, while details of other overheads, including marketing, tech, and operational costs, were not disclosed. Overall, the company managed to reduce its total expenses by 21% to Rs 131 crore in FY25 from Rs 165 crore in FY24. The sharper control on expenses helped Smytten cut its losses by 41% to Rs 23.5 crore, as compared to Rs 40 crore in FY24. Its ROCE and EBITDA margin stood at -76.92% and -16.92%, respectively. On a per-unit basis, the firm spent Rs 1.18 to earn a rupee of revenue in the last fiscal year. As of March 2025, the Bengaluru-based company reported current assets worth Rs 67 crore, including Rs 20 crore in cash and bank balances. According to TheKredible, Smytten has raised a total of $22 million of funding till date, having Roots Ventures and Fireside Ventures as its lead investors. The company’s co-founders Siddhartha Nangia and Swagata Sarangi together own 39.32% of the company.

EaseMyTrip posts Rs 118 Cr revenue in Q2 FY26; slips into losses

EntrackrEntrackr · 1m ago
EaseMyTrip posts Rs 118 Cr revenue in Q2 FY26; slips into losses
Medial

EaseMyTrip posts Rs 118 Cr revenue in Q2 FY26; slips into losses Online travel aggregator (OTA) platform EaseMyTrip struggled during the second quarter of the ongoing fiscal year (FY26), with revenue declining over 18% and losing profitability. EaseMyTrip’s operating revenue decreased by 19% to Rs 118 crore in Q2 FY26 from Rs 145 crore in Q2 FY25, as per its financial statements filed with the National Stock Exchange (NSE). Air ticketing contributed 61% of the company’s revenue but fell 22% to Rs 72 crore in Q2 FY26, down from Rs 92.5 crore in Q2 FY25. Hotel packages accounted for 27% of total revenue, generating Rs 32 crore. Including other undisclosed income, its total income for Q2 FY26 stood at Rs 126 crore, compared to Rs 150 crore in Q2 FY25. According to the disclosure, the company’s revenue decreased by 22% to Rs 232 Cr in H1 FY26 from Rs 297 Cr in H1 FY25. EaseMyTrip’s total expenses rose 6% to Rs 120 crore in Q2 FY26 from Rs 113 crore in Q2 FY25. Employee benefit accounted for 26% of the total, increasing 24% to Rs 31 crore in Q2 FY26. Payment gateway charges, service costs, and advertising were other major costs for EaseMyTrip in the last quarter. With the dip in revenue and expense increasing, the company slipped into losses of Rs 36 crore in Q2 FY26 as compared to a profit of Rs 27 crore in Q2 FY25. On a unit basis, the Delhi-based company spent Rs 1.02 to earn a rupee of operating revenue during the last quarter. The company also announced the change of its senior officials in which Mr. Sankalp Kaul was appointed as Chief Technology Officer (CTO) of the Company replacing Mr. Naimish Sinha and Mr. Manmeet Ahluwalia was appointed as Chief Marketing Officer (CMO) of the Company. EaseMyTrip's board has approved the issuance of 55.93 crore fully paid-up equity shares worth Rs 514.06 crore on a preferential basis. The shares will be allotted to seven non-promoter investors including Ashish Begwani, Sunil Jain, Dhankalash Distributors, Divyank Singhal, Levo Beauty, SSL Nirvana Grand Golf Developers, and Javaphile Hospitality.

Burma Burma crosses Rs 100 Cr revenue in FY25; almost breaks even

EntrackrEntrackr · 2m ago
Burma Burma crosses Rs 100 Cr revenue in FY25; almost breaks even
Medial

Burma Burma crosses Rs 100 Cr revenue in FY25; almost breaks even Burma Burma, a vegetarian pan-Asian restaurant chain, narrowed its losses significantly by 78% in the fiscal year ending March 2025, on the back of strong revenue growth and improved operating margins. The company nearly achieved break-even as it recorded 47% year-on-year growth in operating revenue, crossing the Rs 100 crore mark during FY25. Burma Burma’s revenue from operations rose to Rs 106 crore in FY25 from Rs 72 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). The company operates a restaurant chain serving Burmese cuisine influenced by Indian, Chinese, and Thai flavors across more than a dozen locations in Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, and Ahmedabad. Its entire revenue in FY25 came from these restaurants. Employee benefits and cost of material formed 53% of the company’s total cost. Employee benefit expenses rose 29% to Rs 29 crore, while the cost of material increased by 33% to Rs 28 crore in FY25. Rent expenses for the restaurants' outlets jumped 64% to Rs 18 crore, while depreciation increased 43% to Rs 10 crore during the year. Other overheads, including utilities and miscellaneous costs, collectively stood at Rs 23 crore. Total expenses grew 37% to Rs 108 crore in FY25 compared to Rs 79 crore in FY24. The strong growth helped Burma Burma to cut its loss by 78% to Rs 1.3 crore in FY25 from Rs 6 crore in FY24. The company reported a positive EBITDA of Rs 6.6 crore in FY25 with an EBITDA margin of 6.23%. Its return on capital employed (ROCE) improved from -48.6% in FY24 to -6.9% in FY25. The restaurant chain closed the year with Rs 9 crore in cash and bank balances and current assets worth Rs 19 crore. Burma Burma has raised a total of $7 million of funding to date, with Negen Capital and Bbigplas Poly Pvt Ltd as its lead investors. The company’s co-founders Chirag Chhajer and Ankit Gupta together own 88% of the company. The high promoter holding is well reflected in careful spending, with no rush to expand rapidly while keeping losses under control. This cautious approach is linked to cash on hand, and the niche positioning may require more advertising or promotional efforts to support growth.

Tracxn slips into losses in Q4 FY25 amid flat revenue

EntrackrEntrackr · 7m ago
Tracxn slips into losses in Q4 FY25 amid flat revenue
Medial

Data and research platform Tracxn announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Monday. The firm slipped into losses during the quarter, while its revenue grew by a mere 5% over the same period. Tracxn's revenue from operations stayed flat at Rs 21 crore in Q4 FY25, compared to Rs 20 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Tracxn’s operating revenue increased 2% to Rs 84.5 crore in FY25 from Rs 83 crore in FY24. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.5 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.7 crore in the fourth quarter. Meanwhile, for the full fiscal year (FY25), total income stood at Rs 90.36 crore. Employee benefits remained the largest cost center for Tracxn, accounting for 86% of its total expenditure. These expenses increased by 5.6% year-on-year, rising to Rs 19.36 crore in Q4 FY25 from Rs 17.77 crore in Q4 FY24. Overall, Tracxn's total costs grew by approximately 10%, reaching Rs 22 crore in Q4 FY25. For the fiscal year ending March 2025, total expenses increased to Rs 84 crore. The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn to slip into losses. The company’s loss after tax stood at Rs 8 crore in Q4 FY25 from a profit of Rs 1.42 crore in Q4 FY24. However, the company reported a profit before tax of Rs 73 lakhs. Meanwhile, for the full fiscal year (FY25), its losses stood at Rs 9.5 crore. The company recently approved an ESOP grant of over 2 lakh shares, valued at Rs 41.6 lakh. As of the last trading session, Tracxn’s share price was Rs 63, giving the company a market cap of Rs 674 crore ($79 million).

Skillmatics slips into losses in FY25; revenue up by 39%

EntrackrEntrackr · 2m ago
Skillmatics slips into losses in FY25; revenue up by 39%
Medial

Skillmatics slips into losses in FY25; revenue up by 39% Direct to consumer (D2C) educational product brand Skillmatics has managed to grow its operating scale by 39% during the fiscal year ending March 2025. However, the Mumbai-based firm slipped into losses due to higher employee costs in the same period. Skillmatics’ operating revenue grew 39% to Rs 103 crore in FY25 from Rs 74 crore in FY24, according to its financial statement filed with the Registrar of Companies (RoC). Founded in 2016, Skillmatics develops educational products and games for children aged under 10. Sale of these educational products accounted for 89% of the operating revenue. Including non-operating income of Rs 8.6 crore, its total income stood at Rs 111.6 crore during the year. Geographically, India accounted for 62% of the product sale which increased by 87% to Rs 58 crore in FY25. The remaining 38% of the product sale came from outside India which decreased by 16% to Rs 36 crore in FY25. The company’s expenses rose by 39% to Rs 114 crore in FY25 from Rs 82 crore in FY24. The largest cost component was cost of materials, which formed 44% of the total spend, growing 22% to Rs 50 crore in FY25 from Rs 41 crore in FY24. Employee benefits saw a 41% rise to Rs 24 crore, while charges doubled to Rs 18 crore. Other notable expenses included packing, storage & transportation (Rs 8 crore), product listing fees (Rs 3 crore), and other overheads (Rs 11 crore). The spike in expenses pushed Skillmatics into losses, with the company posting a net loss of Rs 2.5 crore in FY25 as against a profit of Rs 40 lakh in FY24. Its ROCE and EBITDA margin stood at -5.66% and -10.10%, respectively. On a unit level, Skillmatics spent Rs 1.11 to earn a rupee of operating revenue, a ratio that remained unchanged from the previous fiscal year. At the same time, cash and bank balances stood at Rs 45 crore, while current assets were valued at Rs 107 crore in FY25. According to TheKredible, Skillmatics has raised around $24 million of funding till date, having Peak XV Partners and Sofina as its lead investors. The company’s co-founders Dhvanil Sheth and Devanshi Kejriwal own 44% of the company.

FirstCry parent’s revenue crosses Rs 1,900 Cr in Q4 FY25; losses surge 74%

EntrackrEntrackr · 7m ago
FirstCry parent’s revenue crosses Rs 1,900 Cr in Q4 FY25; losses surge 74%
Medial

The parent company of FirstCry has released its quarterly report for the last financial year ending March 2025. The report highlights moderate growth, with a 16% year-on-year growth in scale while losses surged 74%. FirstCry's revenue from operations grew to Rs 1,930 crore in Q4 FY25 from Rs 1,667 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange show. For the full fiscal year (FY25), BrainBees’s operating revenue increased 18% to Rs 7,660 crore in FY25 from Rs 6,481 crore in FY24. The sale of its products through offline stores and websites in India and the international market was the primary source of revenue, accounting for 69% of total operating revenue, while its subsidiary, GlobalBees, contributed Rs 398 crore income for Q4 FY25. The company also made Rs 48 crore from interest income which took its overall revenue to Rs 1,979 crore in Q4 FY25, compared to Rs 1,685 crore in Q4 FY24. For the omnichannel retailer, the cost of procurement of materials accounted for 58% of the overall expenditure which increased 14% quarter-on-quarter to Rs 1,206 crore in Q4 FY25 from Rs 1055 crore in Q4 FY24. FirstCry employee benefits stood at Rs 229 crore in Q4 FY25 which includes Rs 82 crore as ESOP cost. Marketing, legal, rent, and technology expenses were key overheads that drove total expenditure up to Rs 2,060 crore in Q4 FY25, compared to Rs 1,737 crore in the same quarter last year. For the fiscal year ending March 2025, the company’s total expenses rose to Rs 7,992 crore. BrainBees’ loss surged by 74% to Rs 75 crore in Q4 FY25. For FY25, the firm losses stood at 215 crore in FY25, down from Rs 321 crore in FY24. (We have excluded exceptional items amounting to Rs 37 crore from the loss calculation.) BrainBees debuted on the stock exchange at Rs 446 and is now trading at 376.5 on May 26, bringing its total market capitalization to Rs 19,631 crore.

Tractor Junction revenue crosses Rs 100 Cr in FY25

EntrackrEntrackr · 2m ago
Tractor Junction revenue crosses Rs 100 Cr in FY25
Medial

Tractor-focused marketplace Tractor Junction maintained a strong momentum in FY25, with operating revenue jumping 1.7X to cross the Rs 100 crore milestone, following a 2.3X jump in the previous fiscal year. Tractor Junction’s operating revenue surged over 70% to Rs 106.43 crore in FY25 from Rs 62 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Tractor Junction is a rural vehicle marketplace that facilitates buying, selling, financing, and insuring new and used tractors, farm equipment, and rural commercial vehicles. It also offers verified reviews and price comparisons to ensure transparency for users. Sales of tractors and equipment contributed 80% of Tractor Junction’s total revenue and rose nearly 90% to Rs 85.14 crore in FY25. The remaining Rs 21.29 crore came from services, including financing and other related offerings. The company claims that its financial services grew 10 times in FY25, and its used vehicle business grew 1.8 times, supported by 65 COCO outlets in Rajasthan, Madhya Pradesh, and Maharashtra. Tractor Junction also earned Rs 12.44 crore in non-operating revenue, including commission income and interest on fixed deposits, taking its total income to Rs 118.8 crore in FY25. The cost of materials accounted for 63% of total expenses which rose 86% to Rs 80.26 crore in FY25. Employee benefit expenses grew 47% to Rs 22 crore, while advertising, contract wages, RTO, insurance, and other costs drove total expenses up 75% to Rs 127.53 crore from Rs 72.7 crore in FY24. Tractor Junction’s total expenses grew faster than its revenue, primarily due to higher material costs, leading the Alwar-based company to post a loss of Rs 9.08 crore in FY25, which increased 2.5X from Rs 3.67 crore in FY24. Its EBITDA margin and ROCE stood at -18.03% and -70.3%, respectively. On a unit basis, it spent Rs 1.2 to earn a rupee of operating revenue in FY25. As of March 2025, the company’s current assets stood at Rs 70.43 crore, including cash and bank balances of Rs 13.76 crore. The company aims for another double-digit revenue growth in FY26, expand its COCO outlet network to 100, and focus more on profitability. According to startup data intelligence platform TheKredible, Tractor Junction has raised around $6 million to date, including a $5.7 million seed round in April 2022 co-led by Info Edge Ventures and Omnivore.

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