Overview
- Adjusted EBITDA came in at Rs 7 crore for FY25 after a Rs 128 crore cash burn in FY24.
- Total revenue reached Rs 1,632 crore, with the core logistics and tech business contributing Rs 1,306 crore at roughly 12% margins.
- Emerging lines such as payments, marketing, post-purchase and cross-border grew 41% to Rs 326 crore, lifting their contribution to about 20% of revenue.
- Net loss narrowed to Rs 74 crore from Rs 595 crore a year earlier, with last year impacted by a Rs 244 crore non-cash restructuring charge and this year including Rs 91 crore of ESOP expenses.
- The company has pre-filed for an IPO to raise about Rs 2,000–2,500 crore, including a fresh issue of Rs 1,000–1,200 crore, as it pursues expansion across newer verticals.