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With Rs 150 crore annual recurring revenue, Farmley eyes global expansion
OutlookIndia
ยท
1y ago
Medial
Healthy snacking brand Farmley, which recently raised $6.7 million in funding, plans to expand its offline presence and distribution channels. The company, founded in 2017, offers a range of adulteration-free dry fruits and nuts. With a focus on transparency and sustainable practices, Farmley works directly with farmers and has established farm-gate processing units. The startup aims to achieve profitability in FY25 and is targeting both domestic and international markets. It currently operates on various e-commerce platforms and has a presence in supermarkets and self-service stores.
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Healthy snacking brand Farmley bags $40 million
Economic Times
ยท
2m ago
Medial
Healthy snacking brand Farmley secured $40 million in funding led by L Catterton, alongside DSG Consumer Partners. The funds will enhance operations, expand distribution in India, and boost exports. Founded in 2017, Farmley offers diverse snacks sourced from 5,000 farmers. The firm plans to grow in ecommerce and offline channels, with revenue reaching Rs 370 crore in FY25. Farmley eyes global expansion, piloting in the US, Australia, Canada, and Singapore.
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ZEVO eyes first mile and mid mile delivery after conquering last mile EV logistics
YourStory
ยท
6m ago
Medial
ZEVO, an electric vehicle (EV) fleet service, launched in 2022 with four vehicles, now boasts Rs 60 crore in annual recurring revenue and targets Rs 300 crore by next year. Initially self-funded, ZEVO attracted interest from global partners, easing financing challenges. The company focuses on refrigerated EV services and expanding into first-mile deliveries. With a current fleet of 2000 vehicles across 20+ cities, ZEVO plans to expand to 10 more cities and raise $20 million in funding.
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Organic munchies: Why D2C brand Farmley has turned to farms for healthy snacking
YourStory
ยท
1y ago
Medial
Delhi-based startup Farmley is addressing the demand for healthier snacks post-pandemic. The company specialises in unadulterated dry fruits and nuts, offering a range of products such as trail mixes, pasta, and roasted munchies. Farmley sources its products directly from farmers, eliminating middlemen and conducting stringent quality checks. The startup has also invested in building deep back-end linkages with over 5,000 farmers and producers. Currently, Farmley sells its products on various online platforms and offline through a shop-in-shop model. With its revenue reaching approximately Rs 150 crore in FY23, the company has plans to expand its offline presence and enter international markets.
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Farmley raises $40 Mn in Series C round led by L Catterton
Entrackr
ยท
2m ago
Medial
Farmley raises $40 Mn in Series C round led by L Catterton Farmley, a Noida-based healthy snacking brand, has raised $40 million in its Series C funding round led by global consumer-focused investment firm L Catterton, with participation from existing investor DSG Consumer Partners. The proceeds will be used for capital expenditure, expanding distribution channels across India, enhancing exports, and investing in product formulations and technologies, Farmley said in a press release. According to an ET report, the funding includes 30% secondary sales by early-stage investors, including Insitor and Samunnati, along with employee stock ownership plans (ESOPs). Founded in 2017 by Akash Sharma and Abhishek Agarwal, Farmley offers snacks such as makhana-based munchies, date bites, seeds, trail mixes, and roasted nuts. The firm sources directly from over 5,000 farmers across multiple regions and operates five processing units. According to TheKredible, Farmley recorded a revenue of Rs 230.66 crore in FY24 while posting a net loss of Rs 26.5 crore. While the company has yet to file its audited financial report for FY25, it claims to have clocked Rs 370 crore in revenue for the last fiscal year. Since its inception, Farmley has raised around $55 million, which includes a $2 million seed round in 2020 from Omnivore and Insitor, a $6 million Series A round in August 2022 led by DSG Consumer Partners and Alkemi Growth Capital, and a $6.7 million pre-Series B round in December 2023 led by the BC Jindal Group. Farmley is currently piloting its products in international markets, including the United States, Australia, Canada, and Singapore, as part of its global expansion strategy. It competes with other healthy snacking brands such as Happilo, which raised $25 million from Motilal Oswal Private Equity in 2022, and True Elements, in which Marico acquired a 53.98% stake in the same year.
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Credgenics clocks robust revenue growth, eyes acquisitions
YourStory
ยท
1m ago
Medial
Credgenics, a debt collection technology platform, recorded a 35% revenue growth to Rs 210 crore in FY25, alongside a Rs 25 crore profit before tax. Despite challenges in personal lending, the company leveraged AI to expand into business and commercial loans. With a significant cash reserve, Credgenics plans strategic acquisitions and international expansion, notably in Indonesia and the Middle East. Serving over 150 banks, it aims for profitability and expanded market presence in both private and public sectors.
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Dailyhunt parentโs revenue grows 57% to Rs 1,809 Cr in FY23; cash burn reduced by 34% in FY23
IndianStartupNews
ยท
1y ago
Medial
VerSe Innovation, the parent company of Dailyhunt and Josh, has reported a 57% year-on-year growth in revenue for the fiscal year 2022-23. The company's total revenue surged to Rs 1,809 crore, with operating revenue reaching Rs 1,457 crore and non-operating revenue at Rs 352 crore. Dailyhunt achieved a positive EBITDA status with revenue surpassing Rs 1,200 crore, while Josh reported an annual recurring revenue (ARR) exceeding Rs 300 crore. VerSe successfully reduced its costs by 34% and raised $805 million in its Series J funding round.
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SaaS startup Whatfix reports Rs 285 crore revenue in FY23, losses surge 31%
IndianStartupNews
ยท
1y ago
Medial
SaaS startup Whatfix has reported a significant revenue increase in FY23, with its revenue from operations reaching Rs 285 crore, a growth of 65.7% compared to the previous fiscal year. The company has reached $50 million in annual recurring revenue (ARR) and has a strong global market presence, particularly in the US and Europe. However, Whatfix has faced rising operational costs, leading to a 31.2% increase in losses. Despite the losses, the company has shown improvements in its Return on Capital Employed (ROCE) and EBITDA margin.
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Edtech unicorn LEAD Group narrows losses, stabilises core business in FY25
YourStory
ยท
3d ago
Medial
LEAD Group, an edtech unicorn, reduced its net loss by 69.5% to Rs 42.76 crore in FY25 and achieved a positive operating EBITDA of Rs 4.03 crore before ESOP expenses, reversing the previous year's Rs 105.75 crore loss. The company reported a 30% increase in Annual Recurring Revenue (ARR) and aims for profitability by FY27. Cost reductions, improved retention, and innovation in AI and technology contributed to its financial turnaround.
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Hocco Ice Cream eyes top spot in India with โน100 crore funding
Inshorts
ยท
2m ago
Medial
Hocco Ice Cream, founded by Ankit Chona, has raised โน100 crore to fuel its national expansion. With over 150 SKUs, a premium sub-brand, and plans to boost production and retail presence, Hocco aims for โน400 crore revenue by FY26. Celebrity-backed and innovation-driven, itโs quickly emerging as a top contender in Indiaโs growing ice cream market.
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Pocket FM logs 68% revenue growth in FY25
Economic Times
ยท
3m ago
Medial
Pocket FM, an audio series platform, achieved a 68% revenue growth in FY25, reaching Rs 1,768 crore, driven by its expanding content catalog and key markets like the US and India. The annual recurring revenue stands at Rs 2,000 crore. The platform, now known as Pocket Entertainment, offers diverse genres and is expanding into Europe and Latin America. With AI investments reducing costs, the company aims for further growth despite recent layoffs. Pocket FM is also exploring fresh capital opportunities.
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