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Wint Wealth revenue jumps 2.6X in FY25; cuts losses by 60%

EntrackrEntrackr · 1d ago
Wint Wealth revenue jumps 2.6X in FY25; cuts losses by 60%
Medial

Bengaluru-based debt investment platform Wint Wealth reported strong financial performance in the fiscal year ended March 2025, as its operating revenue jumped 2.6X and losses narrowed by over 60% to Rs 8.2 crore. The six year-old Wint Wealth recorded an operating revenue of Rs 44.5 crore in FY25 from Rs 17.2 crore in FY24, according to its financial statements filed with the Registrar of companies (RoC). Founded in 2020, Wint Wealth allows retail investors to invest in fixed-income products such as corporate bonds, securitised debt instruments, and non-convertible debentures (NCDs) asset classes. It also provides B2B loans via its NBFC arm Wint Capital. The company primarily earns revenue from interest income on debt securities, including interest income from loans provided through its NBFC arm, Wint Capital, calculated using the effective interest rate (EIR) method. This segment accounted for 69% of total operating revenue and grew 3.9X year-on-year to Rs 30.8 crore in FY25. It also earns fee-based income from financial intermediary services such as facilitating debt investments and bond transactions, which amounted to Rs 9 crore in FY25. The rest of the income came from net gains on trading of debt securities in the secondary market, which accounted for Rs 4.7 crore in the fiscal year ending March 2025. Wint Wealth also earned Rs 2.3 crore interest on current investments and other non-operating sources, which took its total income to Rs 46.8 crore. For the wealthtech firm, employee benefit expenses remained the largest cost component and accounted for 49% of the total cost. This expense grew 25.6% to Rs 27 crore in FY25 and included Rs 4.7 crore of ESOP cost. Interest paid by the firm was another major expense and formed 34% of the overall cost. This expense jumped 4.4X to Rs 18.6 crore in FY25. Other overheads included advertising, legal and professional, and administrative expenses. These pushed the firm’s overall expenditure up by 32% to Rs 54.7 crore in FY25 from Rs 41.5 crore. In the end, the 2.6X jump in operating scale helped the Zerodha-backed firm narrow its losses by over 60% to Rs 8.2 crore in the last fiscal year. On a unit basis, Wint Wealth spent Rs 1.23 to earn one rupee of operating revenue in FY25. As of March 2025, the company reported current assets of Rs 296 crore, including Rs 35 crore in cash and bank balances. Wint Wealth has raised around $60 million, including its most recent Rs 250 crore ($28 million) led by Vertex Ventures with the participation from Eight Roads Ventures, Zerodha-backed Rainmatter, and 3one4 Capital.

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Wint Wealth raises Rs 250 Cr in Series B round

EntrackrEntrackr · 1m ago
Wint Wealth raises Rs 250 Cr in Series B round
Medial

Wint Wealth raises Rs 250 Cr in Series B round Debt investment platform Wint Wealth has raised Rs 250 crore (nearly $28 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors including Eight Roads Ventures, 3one4 Capital, Arkham Ventures, and Rainmatter. Last month, Entrackr had exclusively reported on the company’s Series B round and valuation. Prior to this round, Wint Wealth had raised about $22 million (Rs 173 crore) from investors including Eight Roads Ventures, Zerodha, 3one4 Capital, and Unitary Fund. The company last raised a $17 million Series A round. The proceeds will be used to scale the platform, expand product offerings, and strengthen its credit and compliance infrastructure. Wint Wealth is also expected to deepen partnerships with issuers and improve distribution of fixed-income products to retail investors. Founded in 2020, Wint Wealth allows retail investors to invest in fixed-income products such as corporate bonds, securitized debt instruments, and non-convertible debentures (NCDs) asset classes that were largely limited to institutional investors earlier. The firm operates as a SEBI-registered Online Bond Platform Provider, enabling individuals to access listed bonds digitally. The Bengaluru-based startup has been focusing on building a transparent and regulated marketplace for debt investments, as more retail investors look beyond equities and mutual funds for stable returns. Wint Wealth is yet to file its FY25 numbers. In FY24, the company posted Rs 17.2 crore operating revenue with a loss of Rs 18 crore. According to data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025. However, the sector saw limited large-ticket rounds, with only six deals of $30 million or more.

INDmoney’s revenue jumps 2.3X to Rs 164 Cr in FY25

EntrackrEntrackr · 1m ago
INDmoney’s revenue jumps 2.3X to Rs 164 Cr in FY25
Medial

INDmoney’s operating revenue surged 2.3X year-on-year to Rs 164 crore in FY25, compared to Rs 70 crore in FY24. Its total revenue grew 67% to Rs 214 crore during the same period. Wealth management and investing platform INDmoney more than doubled its operating revenue in FY25. However, the company’s losses widened during the year as it stepped up investments across trading, lending, and global investing infrastructure. Unlike trading-led brokerages, INDmoney said that less than 10% of its revenue in FY25 came from futures and options (F&O) trading, with the bulk of income generated from long-term investor behaviour. Around 85% of the company’s revenue now has annuity or perpetuity-like characteristics, led by recurring investments, long-term asset holding, and repeat usage across products. According to the company, the platform earns revenue across multiple segments, including Indian and US equities, cross-border remittances, wealth management services, secured lending, insurance, and other financial products. The company also recently introduced trading services under a separate platform, INDstocks. On the bottom line, INDmoney’s cash losses widened to Rs 76 crore in FY25, compared to Rs 32 crore in FY24. As per the company, the increase in losses was primarily due to front-loaded investments during the year. These included building a full-stack Indian trading infrastructure, expanding global investing capabilities through GIFT City, setting up in-house lending rails for its NBFC business, strengthening compliance and technology systems, and higher user acquisition costs related to INDstocks. INDmoney has raised $133 million since its inception in 2019. The Ashish Kashyap-led company raised its latest funding worth $75 million in January 2022 at a valuation of more than $600 million.

Exclusive: Wint Wealth to raise Series B at Rs 700 Cr valuation

EntrackrEntrackr · 2m ago
Exclusive: Wint Wealth to raise Series B at Rs 700 Cr valuation
Medial

Exclusive: Wint Wealth to raise Series B at Rs 700 Cr valuation Wint Wealth is raising Rs 120 crore (approximately $13.3 million) in its Series B funding round led by Vertex Ventures. This marks the Bengaluru-based startup’s first major fundraise in over three and a half years. Wint Wealth’s board has passed a special resolution to issue 94,047 Series B compulsory convertible preference shares at an issue price of Rs 12,804 each to raise Rs 120 crore or $13.3 million, according to the filings sourced from the Registrar of Companies. Vertex Ventures will lead the round with an investment of Rs 77.52 crore, while Unitary Fund, Eight Roads Ventures, and 3one4 Capital will infuse Rs 18.7 crore, Rs 13 crore, and Rs 8.16 crore, respectively. Zerodha’s incubation arm, Rainmatter, will also participate in the Series B with a Rs 3 crore investment. As per filings, the company plans to utilise the proceeds towards capital expenditure, marketing, and general corporate purposes. Based on Entrackr’s estimates, the wealth management startup is raising fresh capital at a post-money valuation of around Rs 707 crore (nearly $80 million). The company may raise additional capital as part of the Series B round, which could lead to changes in its valuation and shareholding structure. Post this round, Vertex Ventures will hold a 10.96% stake in Wint Wealth, while 3one4 Capital, Unitary Fund, Rainmatter, and ERVI Technology, an arm of Eight Roads Ventures, will own 8.54%, 8.32%, 2.55%, and 1.84%, respectively, according to the filings. Wint Wealth is yet to file its FY25 numbers. In FY24, the company posted Rs 17.2 crore operating revenue with a loss of Rs 18 crore.

Teachmint’s revenue jumps 4.3X in FY25

EntrackrEntrackr · 4m ago
Teachmint’s revenue jumps 4.3X in FY25
Medial

Teachmint’s revenue jumps 4.3X in FY25 According to the company’s filings with the Ministry of Corporate Affairs, Teachmint’s operating revenue surged 4.3X to Rs 74 crore in FY25. Kunal Manchanada 11 Oct 2025 According to the company’s filings with the Ministry of Corporate Affairs, Teachmint’s operating revenue surged 4.3X to Rs 74 crore in FY25. Teachmint’s growth was fueled by its AI-driven smart classroom products, X and X2. It also launched its Android 14-based, Google EDLA-certified X2 features an in-built NPU for local AI use in 2025. Sales of these products and related services were Teachmint’s sole revenue source in FY25. Including other income, Teachmint’s total revenue surpassed the Rs 100 crore milestone in the last fiscal year, recording a significant achievement for the Bengaluru-based edtech firm as it continued to scale its presence across schools and institutions. “Teachmint’s AI-powered tools support teachers in real-time, enhancing engagement and efficiency, while operational improvements in distribution, product development, and customer support contributed to better financial outcomes,” a company spokesperson said. On the expense front, procurement of inventory was the largest cost center for Teachmint, contributing 35.7% of the total cost. During the last fiscal year, the company managed to reduce its employee benefits by 55.3% to Rs 48 crore from Rs 107.7 crore in FY25. Its legal, freight, advertising, outsourcing, and other overheads took the overall cost to Rs 148 crore in FY25, down from Rs 160 crore in FY24. Driven by over 4X revenue growth and a sharp cut in employee costs, Teachmint reduced its losses by 57% to Rs 46.6 crore in FY25. Its ROCE, EBITDA, and expense-to-revenue ratio also showed improvement. In a recent development, Rashi Peripherals, one of India’s largest IT distribution companies, partnered with Teachmint to distribute its interactive panels and digital classroom tools across the country. Teachmint, which counts Lightspeed, Learn Capital, Rocketship, Goodwater, and Better Capital among its backers, has raised over $100 million to date.

Chaayos crosses Rs 300 Cr revenue in FY25; EBITDA jumps 6.5X

EntrackrEntrackr · 18d ago
Chaayos crosses Rs 300 Cr revenue in FY25; EBITDA jumps 6.5X
Medial

After flat growth in FY24, Chaayos rebounded in FY25, posting 25% revenue growth to cross Rs 300 crore, while cutting losses by 53% and boosting EBITDA 6.5 times. After flat revenue growth in FY24, tea café chain Chaayos staged a strong comeback in the fiscal year ended March 2025 and posted 25% revenue growth to cross the Rs 300 crore mark. During the same period, the company narrowed its losses by 53%, while EBITDA jumped 6.5 times. Chaayos’ revenue from operations grew by 25% to Rs 310.6 crore in FY25 from Rs 248.6 crore in FY24, according to its consolidated financial statement filed on the Registrar of Companies (Roc). Founded in 2012 by Nitin Saluja and Raghav Verma, Chaayos sells a variety of teas and other snacks and beverages with dine-in, takeaways, and online ordering facilities. It has over 200 outlets across Delhi-NCR, Mumbai and Bengaluru. The company is aiming to have 400 outlets by next year. The sale of teas, snacks, and beverages remained the firm’s primary revenue source. Sales of manufactured goods accounted for over 96% of total revenue at Rs 300 crore, while sales of traded goods stood at Rs 9.5 crore. The company generated Rs 19.1 crore from non-operating income, which took its total income to Rs 329.7 crore in the last fiscal year. On the expense front, Chaayos’ largest cost component, the cost of materials, rose 26% year-on-year to Rs 96.32 crore in FY25. Employee benefits expenses declined marginally by 3% to Rs 78.65 crore. Other major costs included depreciation and amortization at Rs 51.8 crore and commissions, which increased 21% to Rs 31.3 crore. Finance cost and expenses were recorded at Rs 29.42 crore and Rs 14.55 crore respectively. Other expenses, including power & fuel, legal & professional, travelling expenses added another Rs 53 crore to total expenses for the firm, which increased 9% to Rs 355 crore in FY25. A 25% increase in revenue from operations, along with tighter cost control across verticals, helped Chaayos cut its losses by 53% to Rs 25.4 crore in FY25. The company also posted a sharp improvement in profitability, with EBITDA rose nearly 6.5X to Rs 37 crore, while ROCE and EBITDA margin improved to -3.72% and 11.85%, respectively. On a unit basis, the company spent Rs 1.14 to earn one rupee of operating revenue in FY25. As of March 2025, the Tiger Global–backed firm reported current assets of Rs 155.7 crore, which included Rs 17 crore in cash and bank balances. Chaayos has raised over $90 million across multiple funding rounds, including its $45 million Series C round in June 2022 led by Alpha Wave, with participation from Elevation Capital, Tiger Global, and Think Investments.

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