Tag: Entrackr : Latest Posts

Logistics SaaS firm WheelsEye reported a 17% increase in operating revenue in the fiscal year ending March 2025, reaching Rs 243.4 crore compared to Rs 208.8 crore in FY24. The company’s financial statement, sourced from the Registrar of Companies (RoC), highlighted the growth despite relatively stable losses.

Established in 2017, WheelsEye offers an app-based platform for truck booking and fleet management in India, alongside software, GPS trackers, and FASTag solutions for truck fleet operators. Revenue from software subscription services surged by 20% to Rs 152.7 crore, constituting nearly 62% of the total operating revenue. The company also experienced a 32% year-on-year increase in revenue from bundled solutions, which include GPS hardware and licensed software subscriptions for vehicle navigation, amounting to Rs 62 crore in the last fiscal year.

Additionally, WheelsEye’s revenue diversification strategy included income from FASTag sales, commissions, and other operational sources, totaling Rs 271 crore in FY25. Despite stable employee benefit expenses at Rs 141.8 crore, a 68% rise in GPS device costs, and a 7% decrease in IT expenses, the company’s overall expenses grew by almost 10% to Rs 317.8 crore. Miscellaneous expenses of Rs 57 crore were recorded, contributing to this increase.

Ultimately, WheelsEye’s losses remained flat at Rs 47 crore, as revenue growth outpaced expense escalation, although a decline in other income kept losses steady. With an improved EBITDA margin and cost efficiency, WheelsEye’s operational performance in FY25 demonstrates its resilience in the competitive logistics tech landscape.

Source: Entrackr : Latest Posts

Fintech company Slice has bolstered its governance framework by appointing Sreedevi Pillai, former Chief General Manager of Risk Management at State Bank of India (SBI), as an Independent Non-Executive Director to its Board.

Pillai’s extensive 36-year banking leadership at SBI involved spearheading operational risk management, fraud prevention, and developing fraud detection frameworks, helping SBI pioneer large-scale deployment of such capabilities in India.

Slice’s decision aligns with its commitment to strengthening institutional governance and risk management to support long-term growth strategies. The move signifies a strategic step in enhancing Slice’s responsible finance practices in India.

Expressing enthusiasm, Pillai stated, ‘I look forward to contributing to robust governance, prudent risk management, and sustainable growth alongside the leadership team and Board at Slice.’

In a recent development, Slice appointed Rajan Bajaj, the company’s founder, as its Managing Director and Chief Executive Officer. Bajaj, who previously held the position of Executive Director, led Slice’s transformation from a consumer fintech startup into a regulated bank following its merger with North East Small Finance Bank in 2024.

With over 20 million registered users, a workforce of 3,000, and substantial investments from notable firms like Tiger Global, Insight Partners, and Advent International, Slice continues to expand its presence in the fintech sector.

Source: Entrackr : Latest Posts

Bengaluru-based short learning video platform Seekho has made headlines with its aggressive marketing strategy, spending over Rs 134 crore on advertising to boost its revenue in the fiscal year 2025. Seekho raised $28 million in September 2025, showcasing remarkable growth and a valuation of $180 million after a significant surge in operating revenue.

Seekho, founded in 2020, offers educational content in various languages on topics like technology, business skills, and government exams, targeting students, professionals, and general learners. Subscriptions primarily drove revenue, with a portion coming from advertisements and non-operating sources like bank interest.

Marketing expenses dominated Seekho’s financials, comprising 75% of total costs at Rs 134.2 crore, a substantial increase from the previous year. The company’s focus on scaling its platform through aggressive marketing led to a loss of Rs 38.8 crore despite robust revenue growth.

With content creation costs being a small fraction of overall expenses, Seekho’s heavy investment in advertising raises questions about the sustainability of its business model. As the platform competes for viewer attention, the pressure to maintain success and potentially pivot towards more simplified content looms.

Source: Entrackr : Latest Posts

Digital transformation consulting firm KaarTech has successfully raised $11 million in a recent funding round led by Playbook Partners, with participation from existing investor A91 Partners. The company, founded in 2006, specializes in helping enterprises transition from legacy systems to cloud-based infrastructure and develop AI-ready technology solutions.

KaarTech offers a range of services, including cloud migration, data platforms, AI, automation, analytics, and managed services, primarily serving global clients in sectors such as aviation, energy, and government. The funding will support the company’s expansion efforts in North America and Europe, bolster hiring initiatives in these regions, and potentially facilitate strategic acquisitions to enhance its product offerings.

Notably, KaarTech aims to achieve revenue exceeding Rs 1,000 crore in the upcoming fiscal year, showcasing its ambitious growth targets. The company’s revenue surged by 56.8% to Rs 718 crore in FY25, marking a significant increase compared to the previous fiscal year. KaarTech also achieved profitability in FY25, reporting a net profit of Rs 7.74 crore after registering a loss in the preceding fiscal period.

With a strong foothold in international markets, including the Gulf region, North America, and Europe, KaarTech remains focused on delivering innovative digital solutions and driving value for its diverse clientele.

Source: Entrackr : Latest Posts

Cent, a healthtech startup, has secured funding from OneFlow Holdings and South Park Commons. Founded by Shashank ND, Arpit Garg, and Anshul Khandelwal, the Bengaluru-based company focuses on early disease detection using AI technology. Cent’s platform aims to identify serious conditions like cancer, cardiac, and metabolic diseases at their initial stages through direct-to-consumer scans.

Since its establishment in the first quarter of FY26, Cent has conducted over 1,500 scans, with approximately 26% revealing clinically significant results and 3–4% detecting critical conditions requiring immediate medical attention. The startup’s approach underscores the growing importance of preventive healthcare and the role of technology in enhancing early diagnosis.

Recent funding activities in the oncology sector, such as Oncare and 4baseCare, indicate a rising trend in investments towards healthcare startups specializing in disease management and detection. This influx of capital signifies investor confidence in the potential impact of tech-driven solutions on healthcare outcomes.

Source: Entrackr : Latest Posts

DrinkPrime, a Bengaluru-based startup specializing in subscription-based reverse osmosis (RO) water supply, has secured Rs 20 crore in fresh funding from Artha Venture Fund and Mirabilis Investment Trust. The company’s latest funding round involved the allotment of 21,718 Series A3 CCPS and 10 equity shares, raising the total amount.

With this new investment, DrinkPrime plans to further advance its business strategy, using the capital to enhance its IoT-enabled water purifiers for households. The company’s valuation has increased to Rs 340 crore (approximately $37 million) from the previous round, reflecting investor confidence in its approach.

Founded in 2016 by Vijender Reddy Muthyala and Manas Ranjan Hota, DrinkPrime has been expanding its operations and reported a 54% increase in operating revenue to Rs 72.13 crore in FY25, while also reducing its losses during the same period.

Source: Entrackr : Latest Posts

The Indian government has recently approved amendments to the foreign direct investment (FDI) policy, particularly concerning investments from countries like China. These changes aim to facilitate funding for startups and deep-tech firms in India, a move anticipated to reignite interest from Chinese investors.

Under the updated policy, investments with a non-controlling stake of up to 10% from a beneficial owner in a land-bordering country, such as China, will now be permitted through the automatic route. This adjustment is expected to unlock capital from global venture capital and private equity funds, notably from China.

Previously, startups encountered hurdles in raising capital due to the stringent approval process, especially when funding originated from neighboring countries like China. The revised framework also includes a 60-day timeline for approving investments from these countries, focusing on select manufacturing sectors.

It is important to note that majority shareholding and control of the investee entity must remain with Indian citizens or entities controlled by them. These policy modifications were introduced to prevent opportunistic takeovers of Indian companies and balance national security interests.

This policy shift comes against the backdrop of strained relations between India and China following the 2020 Galwan Valley clash, which led to India banning numerous Chinese apps. The objective of the updated policy is to address national security concerns while enhancing the ease of doing business and attracting foreign investment into India’s startup and technology ecosystem.

Source: Entrackr : Latest Posts

Digital healthcare platform Practo has appointed former Union Health Secretary C.K. Mishra to its board of directors as an independent director. Mishra brings 37 years of experience in public service, including overseeing national health programs and public health systems during his tenure at the Ministry of Health & Family Welfare.

Practo believes Mishra’s expertise in infrastructure development and governance at scale will be instrumental in supporting the company’s expansion of its integrated healthcare platform. His addition to the board comes alongside the recent appointments of TVG Krishnamurthy and Alexander Kuruvilla, aimed at enhancing governance and fortifying the long-term resilience of the platform’s technology-driven healthcare infrastructure globally.

In a statement, Mishra expressed his anticipation to contribute to Practo’s impartial, technology-centered ecosystem that connects patients, providers, and payors. Established in 2008 by Shashank ND, Practo currently facilitates connections between users and over 700,000 healthcare professionals, in addition to offering Insta, a hospital information management system employed by more than 500 clients across 1,200 facilities worldwide.

Source: Entrackr : Latest Posts