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

News on Medial

Related News

Square Yards’s Urban Money achieves 10X growth in 3 years; revenue nears Rs 714 Cr in FY25

EntrackrEntrackr · 1m ago
Square Yards’s Urban Money achieves 10X growth in 3 years; revenue nears Rs 714 Cr in FY25
Medial

Fintrackr All Stories Square Yards’s Urban Money achieves 10X growth in 3 years; revenue nears Rs 714 Cr in FY25 According to the company’s internal documents reviewed by Entrackr, Urban Money’s revenue surged to Rs 714 crore in FY25 from Rs 454 crore in FY24 and Rs 233 crore in FY23. Kunal Manchanada 28 Oct 2025 10:11 IST Follow UsNew UpdateUrban Money, the digital lending and mortgage distribution arm of proptech unicorn Square Yards, has continued its sharp growth streak in FY25 with 58% year-on-year growth.According to the company’s internal documents reviewed by Entrackr, Urban Money’s revenue surged to Rs 714 crore in FY25 from Rs 454 crore in FY24 and Rs 233 crore in FY23. The company’s topline has grown more than 10X in three years, through a steady expansion of its lending network and growing demand for home-loan disbursals.The lending arm’s gross transaction value (GTV) rose 59% year-on-year to $5.7 billion in FY25, compared with $3.6 billion in FY24, while total loan transactions touched 1.55 lakh for the fiscal, as per the document.Leveraging its dominance in real estate distribution, Urban Money identified an untapped opportunity among Square Yards’ vast network of real-estate agents and financial advisors who were already facilitating housing transactions. By aggregating these partners through an Uber-style network model, the platform empowered them to originate mortgages directly through integrated digital rails—bridging the gap between property transactions and home loan fulfilment. The platform connects over 150,000 channel partners, including independent real-estate agents and financial advisors, with over 95 banking and NBFC partners. According to the documents, around 87% of its business comes from aggregated channels, while 13% is directly by its own operations, showcasing its tech-led scalability and asset-light distribution framework.Urban Money integrates directly with partner banks’ loan origination systems, offering API-based KYC, income, and credit score verification, along with instant eligibility checks as per each bank’s credit policy. This gives it a strong edge in the rapidly digitizing mortgage landscape. The company also recently launched its real estatedata intelligence platform to help lenders speed-up lending decisions through real-time property valuation & automated title verificationThe finance vertical has become a major contributor to the parent company’s financials. Square Yards’ consolidated revenue rose 41% toRs 1,410 crore in FY25, up from Rs 1,001 crore in FY24, as per its filings with the Registrar of Companies (RoC). It also turned EBITDA-positive at Rs 46 crore, marking its first year of operational profitability.It appears that Urban Money’s growth aligns with Square Yards’ pivot from a pure-play real estate brokerage to a full-stack prop-fintech platform. During the first quarter of the ongoing fiscal year(Q1FY26), Gurugram-based real estate and mortgage platform, reported a 45% year-on-year rise to Rs 378 crore in revenue and swung to profitability to Rs 70 crore at the EBITDA level.While the lending vertical continues to expand rapidly, the business remains exposed to real-estate demand cycles and interest-rate fluctuations. Sustaining profitability will hinge on cost optimization, technology-led efficiencies, and further deepening of lender partnerships. Square Yards

Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push

EntrackrEntrackr · 25d ago
Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push
Medial

Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push Home services marketplace Urban Company has reported strong topline growth during the second quarter of FY26, though its bottom line took a hit due to heavy investments in its newly launched vertical, Insta Help. According to the company’s quarterly financial results, Urban Company's revenue from operations rose 37% year-on-year to Rs 380 crore, while its net transaction value (NTV) grew 34% to Rs 1,030 crore. Urban Company’s India Consumer Services, which includes categories like cleaning, beauty, and repair, clocked Rs 262 crore in revenue. Its annual transacting users stand at 7.4 million, while its monthly active professionals increased to 57,251 during the quarter. Income from the native water purifier surged 179% to Rs 75 crore in Q2 FY26. Revenue from its international business stood at Rs 41 crore, while Insta Help, the company’s new daily housekeeping vertical launched earlier this year, has processed 468,000 orders in October 2025 with minimal revenue. With the new launch, the company has to expand its team as its employee benefits, marketing, and other overheads led its total expenditure to increase to Rs 462 crore in Q2 FY26, resulting in a net loss of Rs 59 crore, compared to a loss of Rs 1.82 crore in Q2 FY24. On a sequential basis, the firm posted a net profit of Rs 6.94 crore in Q1 FY26. According to Urban Company’s shareholders' letter, it expects consolidated EBITDA losses to continue in the near term as it invests aggressively in scaling Insta Help, which it sees as a large, high-frequency category critical to strengthening its core platform. At the end of September 2025, Urban Company’s total current assets stood at Rs 1,939 crore, providing ample liquidity to fund new initiatives and expansion. “While we are not yet generating free cash flow, our goal is to build a platform that maximizes long-term FCF per share and delivers lasting value to every shareholder,” said Abhiraj Singh Bhal, co-founder and CEO of Urban Company.

Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double

EntrackrEntrackr · 25d ago
Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double
Medial

Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double Logistics startup Shadowfax, in the first half of FY26, reported over 68% year-on-year revenue growth, with profits more than doubling. Shadowfax Technologies has filed an updated DRHP with SEBI for its IPO, looking to raise Rs 2,000 crore, comprising Rs 1,000 crore through a fresh issue and Rs 1,000 crore via an offer for sale. In the first half of FY26, the company reported over 68% year-on-year revenue growth, with profits more than doubling. For context, Shadowfax reported 32% year-on-year growth in revenue to Rs 2,485 crore in FY25, along with a net profit of Rs 6.4 crore. The Flipkart-backed firm’s operating revenue grew over 68% year-on-year to Rs 1,805.6 crore in H1 FY26 compared to Rs 1,072 crore in the same period last year. Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the Bengaluru-based firm provides last-mile delivery across e-commerce and hyperlocal sectors, serving over 14,000 pin codes through 1.25 lakh delivery partners. Revenue from express forward parcel deliveries contributed nearly 69% of the company’s operating revenue, amounting to Rs 1,238.7 crore. The hyperlocal segment, which includes quick commerce delivery services and accounts for around 20% of the business as of H1 FY26, generated Rs 359.3 crore, reflecting an 82.6% year-on-year increase. Other logistics services contributed an additional Rs 207.5 crore. The company also generated Rs 14.2 crore from non-operating activities, pushing its total revenue to Rs 1,819.8 crore in H1 FY26. On the expense side, delivery personnel costs accounted for 53% of the total expenses, amounting to Rs 956 crore in H1 FY26, a 69% year-on-year increase from Rs 565.3 crore in H1 FY25. Transportation costs formed 18% of the total cost at Rs 325.2 crore, while employee benefit expenses grew 40% to Rs 171.8 crore. The company reported a cost of lost shipments amounting to Rs 148.2 crore in H1 FY26, more than three times higher than the previous year. Other overheads, including rent, travel expenses, professional fees, and miscellaneous costs, added another Rs 197.4 crore, taking total expenses to Rs 1,798.7 crore in H1 FY26. Overall, total expenses increased nearly 67% from Rs 1,079 crore in H1 FY25. As revenue growth outpaces expenditures marginally, the firm’s profit surged over 2X to Rs 21 crore during the first half of FY26, compared to Rs 9.8 crore in H1 FY25. On a unit level, Shadowfax spent Rs 1 to earn a rupee of operating income in the period. Its EBITDA margin also improved to 3.56% in H1 FY26. According to data from TheKredible, Shadowfax has raised approximately $246 million to date. Eight Roads Ventures is the largest external stakeholder, followed by Flipkart, NewQuest Asia, and Nokia Growth Partners. As per its UDRHP, the IPO-bound company plans to use the proceeds from the fresh issue of Rs 1,000 crore to expand its logistics infrastructure, enhance technology capabilities, and pursue inorganic growth opportunities. A portion of the funds will also be allocated toward repaying existing borrowings.

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