Logistics SaaS platform WheelsEye reported modest growth in FY25, with its operating revenue rising 17% year-on-year. However, the company’s losses remained largely unchanged during the fiscal year ended March 2025. According to standalone financial statements filed with the Registrar of Companies (RoC), WheelsEye’s revenue from operations increased to ₹243.4 crore in FY25, compared to ₹208.8 crore in FY24. SaaS Subscriptions Drive Majority of Revenue Founded in 2017, WheelsEye offers an app-based logistics platform that enables truck booking and fleet management for operators across India. The company also provides software solutions, GPS tracking devices, and FASTag services. Revenue from software subscription…
Author: Adarsh Kumar
Direct-to-consumer baby products brand R for Rabbit has nearly doubled its revenue over the past two years, reaching ₹251 crore in FY25 from ₹128 crore in FY23. Despite the rapid scale-up, the company managed to maintain a near break-even financial position during the fiscal year ended March 2025. According to consolidated financial statements filed with the Registrar of Companies (RoC), R for Rabbit’s operating revenue grew 47.6% year-on-year to ₹251 crore in FY25 from ₹170 crore in FY24. Strong Growth in Baby Products Segment Founded by husband-wife duo Kunal Popat and Kinjal Popat, the Ahmedabad based brand offers a wide…
Foodtech major Eternal has invested ₹450 crore (around $50 million) into its quick commerce subsidiary Blinkit through a rights issue, marking the first capital infusion into the company in 2026. According to regulatory filings reviewed by Entrackr, Blinkit’s board approved the allotment of 2,799 equity shares to Eternal at an issue price of ₹16,07,161 per share, raising ₹450 crore. Continued Capital Support This investment follows a series of capital infusions made by Eternal in 2025. The parent company invested ₹500 crore in January, ₹1,500 crore in February, and ₹600 crore in November, bringing the total funding in Blinkit during 2025…
Fintech firm Slice has appointed Sreedevi Pillai, former Chief General Manager for Risk Management at State Bank of India, as an Independent Director (Non-Executive) on its bank board. Pillai brings over 36 years of banking leadership experience, most of it spent at SBI, where she played a key role in strengthening the bank’s operational risk framework, fraud monitoring systems, and enterprise-level risk governance across the institution and its group entities. Strengthening Governance and Risk Framework During her tenure at SBI, Pillai led initiatives to build advanced fraud detection frameworks, helping the bank become one of the first large commercial banks…
Sports technology company Dream Sports, the parent of Dream11, has reorganised its business structure following regulatory challenges in India’s real money gaming (RMG) sector. The restructuring has resulted in the exit of more than 100 executives. The changes come after regulatory restrictions on online real money gaming last year, which prompted Dream Sports to restructure its operations into multiple independent startup units. New Structure with Multiple Startups Following the restructuring, Dream Sports now operates several focused platforms including Dream11 (pivoted), FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money, and Dream Horizon. According to the company, Dream11’s workforce of around 700 employees…
Short learning video platform Seekho reported explosive revenue growth in FY25 but also significantly increased spending on marketing to scale its user base. The Bengaluru based company generated ₹141.5 crore in operating revenue while spending ₹134.2 crore on advertising and marketing during the fiscal year ended March 2025. According to financial statements filed with the Registrar of Companies (RoC), Seekho’s operating revenue surged 12.3X year-on-year, rising from ₹11.5 crore in FY24 to ₹141.5 crore in FY25. Subscription-Led Revenue Model Founded in 2020, Seekho operates a short learning video platform that offers bite sized educational content across English, Hindi, and other…
Stanza Living, a managed accommodation platform for students and working professionals, reported profitability in FY25 after several years of losses, aided largely by significant non-operating income. However, the company’s core operating revenue declined during the same period. According to consolidated financial statements filed with the Registrar of Companies (RoC), Stanza Living’s revenue from operations fell 6.6% to ₹545.5 crore in FY25 from ₹584 crore in FY24. Other Income Drives Profitability The company generates revenue primarily from managed accommodation services for students and young professionals relocating to major cities. This remained its sole operating income stream. Including non-operating income of ₹278.5…
Motilal Oswal Home Finance has secured $100 million in debt financing from the Asian Development Bank to expand lending in the affordable housing segment, with a particular focus on women borrowers and environmentally sustainable housing projects. The funding has been raised in rupee equivalent terms through non-convertible debentures (NCDs). The transaction highlights continued interest from global development finance institutions in India’s affordable housing market. Focus on Women Borrowers According to the company, a large portion of the capital will be used to provide affordable housing loans to women borrowers. The initiative aims to improve access to home ownership for women…
Moneyboxx Finance, a BSE-listed NBFC focused on financing underserved micro and small entrepreneurs in rural and semi-urban India, has raised ₹33.4 crore through a preferential equity allotment to strengthen its capital base and accelerate growth. The company allotted 44 lakh equity shares with a face value of ₹10 each at an issue price of ₹76 per share, including a premium of ₹66 per share. With this round, Moneyboxx Finance has raised a total of ₹303.9 crore in equity capital since its inception. Promoters and Existing Investors Back the Round According to the company, the entire equity raised in FY26 has…
Pune based agritech platform AgroStar reported steady growth in FY25, crossing ₹850 crore in operating revenue while significantly reducing its losses during the fiscal year ended March 2025. According to consolidated financial statements filed with the Registrar of Companies (RoC), AgroStar’s operating revenue grew 14.2% year-on-year to ₹853 crore in FY25 from ₹747 crore in FY24. Product Sales Drive Majority of Revenue AgroStar operates a full stack agritech platform that provides farmers with access to agri inputs such as seeds, crop protection products, and crop nutrition solutions. The company also leverages AI-driven advisory and expert guidance to improve farmer engagement…