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Ola Electric’s Q4 Snapshot, Razorpay’s Homecoming & More
- Ola Electric reported a significant increase in net losses in Q4 FY25, attributed to challenges in execution and growing competition affecting sales and market share.
- In Q4 FY25, Ola Electric's net losses doubled to INR 870 Cr, while operating revenue dropped by 62% to INR 611 Cr.
- For the full FY25, Ola Electric saw a 44% surge in net losses and a 10% decrease in revenue, selling 3.59 Lakh units.
- The company attributed Q4 challenges to slower EV penetration in India, competitive pressures, and operational difficulties.
- Ola Electric plans to achieve EBITDA profitability in its auto business by FY26 through strategic measures like vertical integration and scaling battery production.
- Razorpay has shifted its domicile to India, merging its Delaware parent entity with its Indian subsidiary in preparation for its IPO.
- Snitch, a D2C fashion brand, is raising INR 280 Cr with support from investors like 360 Asset Management Fund and IvyCap Ventures.
- Yatra reported a consolidated net profit increase of 172% in Q4 FY25, and operating revenue grew by 87% compared to the previous year.
- Stance Health, an Indian healthtech startup, aims to address musculoskeletal care gaps with AI-driven diagnostics and therapy, targeting India's growing healthtech market.
- Oxyzo, a fintech unicorn, experienced a significant profit jump of 16.71% in FY25 alongside a 33.66% increase in operating revenue.
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