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Awfis Space Solutions Clocks ₹1,208 Cr Revenue in FY25, Turns Profitable with ₹97 Cr PBT Under IGAAP and Adds 39,000+ Seats Across India

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Awfis Space Solutions Clocks ₹1,208 Cr Revenue in FY25, Turns Profitable with ₹97 Cr PBT Under IGAAP and Adds 39,000+ Seats Across India

Awfis Space Solutions has hit a major milestone in its journey—crossing ₹1,200 crore in operating revenue for FY25, a 42% leap from the previous year. The flexible workspace provider, known for catering to startups and large corporations alike, attributes the sharp growth to aggressive network expansion and strong enterprise demand.

This isn’t just a top-line story either. For the first time, Awfis reported a full-year profit before tax. Under Ind-AS standards, the figure stood at ₹44 crore, and a healthier ₹97 crore under IGAAP-equivalent terms—both a marked shift from the red ink of the previous financial year.

The final quarter of FY25 capped things off on a high note. Revenue for Q4 touched ₹340 crore, a 46% year-on-year jump. Net profit for the same period stood at ₹11.23 crore, a dramatic rise from ₹1.38 crore in Q4 of the previous year. EBITDA margins for the quarter climbed to 34.1%, expanding by 520 basis points over the previous year’s Q4.

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Founded in 2015, Awfis has been steadily building its footprint in the shared office space market. FY25 saw the addition of more than 39,000 operational seats, taking the total to over 134,000 across 208 centers. If you factor in facilities under fit-outs and those signed via letters of intent, the company’s total footprint spans nearly 164,000 seats and 8.4 million square feet.

Chairman and Managing Director Amit Ramani confirmed the company had met its FY25 targets head-on. “We promised to cross the 135,000-seat mark by March 2025, and we’ve already done it. Between March 2024 and now, we’ve added 39,000+ seats and opened 48 new centers,” he said.

Enterprise clients were the engine behind much of this growth. Co-working rentals and related services brought in ₹269 crore in Q4 alone, contributing 79% of the quarter’s operating revenue and growing 60% year-over-year. Additional revenue streams included fit-outs, facility management, and food and beverage offerings. Total income for the quarter—including non-operating income—stood at ₹359.4 crore, with ₹19.7 crore attributed to other income.

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Awfis now finds itself in a stronger position not just in terms of scale, but also profitability—something relatively rare in the coworking space industry. With momentum on its side and enterprise demand showing no signs of slowing, the company looks poised for a more ambitious FY26.

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Practo Makes Bold Foray into UAE’s Consumer Health Market with Launch in Dubai, Abu Dhabi, and Sharjah

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Practo Makes Bold Foray into UAE’s Consumer Health Market with Launch in Dubai, Abu Dhabi, and Sharjah

Practo, the Bengaluru-based health tech company known for transforming how Indians find and consult doctors, is making a strategic leap into the UAE’s healthcare space—not just through hospitals this time, but by going straight to the patient.

After years of operating quietly behind the scenes with its hospital software solutions, Practo is now rolling out its flagship consumer platform—Practo.com—across the UAE’s major cities. People in Abu Dhabi, Dubai, and Sharjah can now use the platform to connect with verified doctors across a wide range of specialties, including dermatology, ENT, gynecology, psychiatry, and dental care.

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So far, Practo claims over 50,000 monthly active users in the UAE. The company has already brought more than 31,000 doctors and 3,000 medical facilities onto the platform, aiming to offer a more unified healthcare experience in a region where most services are still fragmented across individual hospital networks.

One of the more region-specific features Practo is banking on is insurance visibility. Given the UAE’s insurance-driven medical ecosystem, the company plans to display doctors’ insurance tie-ups directly on their profiles by the end of this month—helping users avoid billing surprises and pick providers that align with their coverage.

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The international push follows a major financial turnaround for Practo. The company turned profitable in FY24 and has maintained positive cash flow into FY25. Co-founder and CEO Shashank ND says this move into the UAE is part of a broader vision to take India’s digital healthcare breakthroughs global.

“We’ve had an overwhelmingly positive reception from both patients and healthcare partners in the UAE,” said Shashank. “We’re here for the long haul. This isn’t just about tech expansion—it’s about raising the standard of care and access wherever we go.”

With its growing international presence and a sharpened focus on user experience, Practo seems set to shake up how healthcare is discovered and delivered in the Gulf—just as it did in India years ago.

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Primebook India Ropes In Ex-Paytm President Bhavesh Gupta as Advisor, Appoints Tathagata Ray as Content Head After Raising $2 Million Pre-Series A

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Primebook India Ropes In Ex-Paytm President Bhavesh Gupta as Advisor, Appoints Tathagata Ray as Content Head After Raising $2 Million Pre-Series A

Primebook Brings Onboard Former Paytm President Bhavesh Gupta as Advisor, Appoints Tathagata Ray to Head Creative Strategy

Primebook, the Android-powered laptop startup that shot to fame on Shark Tank India, has made two key leadership announcements as it gears up for its next phase of growth. The company has welcomed Bhavesh Gupta, ex-President and COO of Paytm, to its advisory board, and appointed Tathagata Ray as its new Head of Content.

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This comes on the heels of Primebook’s recent $2 million pre-Series A fundraise, which saw participation from Inflection Point Ventures, Auxano Capital, NexG Devices, and a group of individual investors. Earlier, the brand had raised ₹75 lakh on Shark Tank India from judges Aman Gupta and Peyush Bansal.

Bhavesh Gupta brings with him more than two decades of experience in financial services, having worked extensively in banking, digital lending, and fintech. Primebook believes his strategic insight into scaling digital ecosystems will be a powerful asset as the company expands.

“What drew me to Primebook was its bold take on tech that’s made for Bharat. They’re building something that’s not just innovative, but also relevant to how young Indians interact with technology today,” said Gupta. “The team is sharp, driven, and grounded in execution. I’m excited to help shape their growth roadmap — from operations to marketing — and ensure they make a real dent in digital inclusion.”

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Primebook’s CEO and Co-Founder, Chitranshu Mahant, called Gupta’s addition a “big milestone” for the company. “We’re entering a pivotal stage in our journey. Having someone like Bhavesh on board — who’s built and scaled consumer-first businesses at massive scale — gives us a major boost as we chart out our next moves.”

The company also announced that Tathagata Ray has joined to lead its brand and content direction. With more than 15 years of experience in advertising and digital storytelling, Ray has worked with major names such as Air India, Meta, The Glitch, and Grapes Digital. His role at Primebook will involve driving brand strategy, creative campaigns, and building a distinctive narrative for the company’s mission.

With fresh leadership and new capital, Primebook is clearly doubling down on its vision to reshape affordable computing in India — and doing it with the kind of firepower that suggests it’s just getting started.

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Simply Nam Secures Investment from Bhaane Group to Accelerate Growth, Double Revenue, and Launch New Innovations

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Homegrown beauty label Simply Nam, founded by celebrity makeup artist Namrata Soni, has secured a major investment from the Bhaane Group, marking a significant turning point in the brand’s expansion story.

The fresh round of funding will power Simply Nam’s next chapter—one that includes launching new product lines, strengthening its omnichannel presence, and doubling its Monthly Recurring Revenue (MRR), which currently stands at ₹2 crore. The brand has seen remarkable growth in the past year, doubling its customer base and retaining 40% of shoppers as repeat buyers.

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“This partnership isn’t just about money—it’s about finding people who believe in the same things we do,” said Hanna Strömgren Khan, Co-Founder of Simply Nam. “The Bhaane team shares our passion for purpose-led beauty. With their support, we’re ready to scale smarter, faster, and more meaningfully.”

What’s Next for Simply Nam?

Backed by this capital infusion, Simply Nam plans to:

  • Introduce a wave of new and original product lines
  • Expand its beauty education content, helping customers make informed choices
  • Strengthen its reach across both offline and online retail networks
  • Deepen its focus on Made-in-India formulations and high-performance clean beauty

Currently, Simply Nam products are sold across key digital and quick-commerce platforms like Nykaa, Amazon, Myntra, Tira Beauty, Zepto, and Blinkit. The brand is actively building a strong omnichannel presence to reach more customers across the country.

Founded in 2020 by Namrata Soni, with Swedish-Indian entrepreneur Hanna Strömgren Khan (also Co-Founder of the Bozzil Group), Simply Nam is known for designing products that are developed from scratch in India—crafted with the specific skin tones, climate, and lifestyle of Indian women in mind.

Backed by Familiar Faces

The Bhaane Group is co-founded by Anand S Ahuja, who expressed his confidence in the brand’s future:

“At Bhaane, we believe in backing founders who are building with intention and authenticity. Simply Nam is defining what clean, inclusive beauty should look like in India, and we’re proud to be part of their journey.”

Namrata Soni added:

“Having worked closely with Sonam Kapoor for over 17 years, it feels full circle to now build a beauty brand with her and Anand—not just as creative collaborators, but as people who genuinely believe in our mission.”

Industry Recognition and Momentum

Simply Nam has already turned heads in the beauty world, earning titles at the ELLE Beauty Awards 2023 and Grazia Indie Beauty Superstars 2024, along with a nomination for the Vogue Beauty & Wellness Awards 2025.

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Built by Indian women, for Indian women, Simply Nam is on a mission to raise the bar for clean beauty without compromising on performance or price—while staying proudly local, ingredient-conscious, and customer-obsessed.

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Myntra’s End of Reason Sale Returns This May with Over 4 Million Styles, Flashy New Launches, and Big Savings

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Myntra’s End of Reason Sale Returns This May with Over 4 Million Styles, Flashy New Launches, and Big Savings

Fashion, beauty and lifestyle platform Myntra is set to launch the 22nd edition of its iconic End of Reason Sale (EORS) from May 31 to June 12, 2025. This much-anticipated fashion extravaganza will offer over 4 million styles from more than 10,000 domestic and international brands, promising shoppers across the country unmatched selection, savings, and style, the company said in a release on Wednesday.

This edition will see the debut of over 300,000 new styles and exciting product drops across fashion, beauty, accessories, and home categories, catering to customers from Tier 1 cities to emerging urban centers.

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“Each edition of EORS is a testament to Myntra’s vision of redefining the way India shops. It’s more than just an event—it’s a cultural moment,” said Bharath Kumar, Head of Revenue and Growth at Myntra. “This edition will expand access to millions of styles while deepening engagement with customers and empowering emerging brands across India.”

Highlights of EORS 22:

  • Massive Style Inventory: 4M+ styles across men’s casual wear, women’s ethnic and western wear, beauty, accessories, travel, sports footwear, kids’ wear, and more.
  • Star Brands & New Launches:
    • First-time launches: GAP, OTT by Tarun Tahiliani, Royal Oak
    • Beauty: Emporio Armani, Elie Saab, K-18, and Alia Bhatt x L’Oréal Casting Crème Gloss
    • Sneakers: adidas Originals Superstar 2, adidas Spaziel, Puma Palermo, Lotto Leggenda
    • D2C under MRS Home Edit: Phool, Modish Couture, Sleep Spa
    • Wearables: Realme (Air 7 Pro, Wireless 5), Boult, Noise, Belkin, Daniel Klein
  • Gen Z-Centric FWD Section: Over 200K trend-first styles from brands like Freakins, SZN, Lulu & Sky, Glitchez, Outzider, Bonkers Corner, KPOP, and more.

Myntra’s rapid delivery service, M-Now, will enable shoppers in Bengaluru to receive their orders in as little as 30 minutes. Top brands available on M-Now include Vero Moda, MANGO, Tommy Hilfiger, MAC, YSL, Forest Essentials, and Crocs, among others.

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Special Offers & Bank Discounts

Customers can avail additional savings with leading bank partners:

  • Flipkart Axis & Axis Bank Credit Cards & EMIs: 10% instant discount
  • ICICI Bank Credit, Debit Cards & Net Banking: 10% instant discount
  • Kotak Mahindra Bank Credit Cards & EMIs: 10% instant discount
  • Paytm UPI: Assured ₹20 cashback per transaction
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Shott Amusement Launches ₹25,000 Sq. Ft. Flagship at Mumbai’s NESCO: CEO Rishi Shah Aims to Redefine Indoor Entertainment in India

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Shott Amusement Launches ₹25,000 Sq. Ft. Flagship at Mumbai’s NESCO: CEO Rishi Shah Aims to Redefine Indoor Entertainment in India

Mumbai just got a serious upgrade in the indoor entertainment scene. Shott Amusement Ltd., known for redefining how India plays indoors, has opened the doors to its most ambitious space yet—right in the heart of NESCO.

This isn’t your average gaming zone. Spanning over 25,000 square feet and designed across two sprawling floors, the new centre is packed with immersive experiences—from next-gen Spark Tech Bowling lanes and high-energy laser tag arenas to an extensive lineup of 80+ arcade and VR games. Add to that a premium food and beverage selection and flexible event spaces, and you’ve got something for everyone—families, corporate teams, or anyone looking to host a standout event.

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“We noticed that India lacked spaces that matched the sophistication and service levels of global entertainment hubs,” said Rishi Shah, Co-Founder and CEO. “That’s why we started Shott—to bring something world-class to the table. With this flagship at NESCO, we’re raising the bar again.”

Shott isn’t new to the game. Over the past decade, they’ve built a solid footprint across Mumbai, Pune, Hyderabad, Surat, and Ahmedabad. The NESCO centre is their biggest leap yet, intended to be the crown jewel of their western operations.

The brand has also become a go-to for major names like YouTube India, Netflix, Sugar Cosmetics, Asian Paints, and Yes Bank—hosting high-energy events, influencer activations, and brand campaigns that push creative boundaries.

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Shott was founded in 2015 by Rishi Shah and Smeet Shah, two entrepreneurs who believed indoor entertainment in India deserved better. Today, their company stands as a market leader, known for combining futuristic tech, stylish design, and exceptional service to create memorable experiences. With the new Mumbai launch, they’re not just expanding—they’re setting new standards.

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Instamart Drops ‘Swiggy’ Tag, Debuts New Identity as It Prepares to Outgrow Food Delivery Giant

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Instamart Drops ‘Swiggy’ Tag, Debuts New Identity as It Prepares to Outgrow Food Delivery Giant

Instamart is stepping out from Swiggy’s shadow. The quick commerce platform, once known as Swiggy Instamart, has officially dropped the parent brand from its name, signaling a clear ambition: it’s ready to stand on its own.

The name change comes at a time when quick commerce is no longer a side hustle for food tech players. It’s the main event. Just last week, Zomato gave its corporate identity a facelift, rebranding itself as Eternal on stock exchanges—underscoring how seriously both players are betting on faster-than-fast delivery models like Blinkit and Instamart.

For Swiggy, this was always on the cards. CEO Sriharsha Majety has openly said that Instamart could eventually outpace the company’s flagship food delivery arm, both in reach and scale.

Instamart isn’t disappearing from the Swiggy app just yet, but the company has made it clear that the service is now operating with a more independent flavor. A standalone Instamart app quietly went live earlier this year, laying the groundwork for the brand to break away more confidently.

Along with the new name comes a fresh look: a revamped logo that still carries the iconic ‘S-pin’ in a subtle nod to its roots, but with enough distance to signal a new chapter. According to Swiggy, the shift marks Instamart’s transition from a Swiggy sub-brand to a full-blown lifestyle utility with its own loyal base of users.

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“In the beginning, it was just groceries. Now, it’s daily convenience at your doorstep—fast, wide-ranging, and distinctly Instamart,” said Mayur Hola, Head of Brand at Swiggy. “This isn’t just a cosmetic update. It’s a statement: Instamart has evolved, and it’s carving its own lane, while still being backed by the Swiggy trust factor.”

The updated branding will soon show up everywhere—from the app interface to delivery bags, marketing creatives, and packaging. While the name may be shorter, Instamart’s ambitions just got a whole lot bigger.

Continue Exploring: Lahori Beverages Nears ₹450 Crore Fundraise as Valuation Soars to ₹2,500 Crore – A New Challenger in India’s Booming Drinks Market

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Slikk Secures $10M to Supercharge 60-Minute Fashion Delivery and Expand Lifestyle Offerings

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Slikk Secures $10M to Supercharge 60-Minute Fashion Delivery and Expand Lifestyle Offerings

In a bold bid to reshape how urban India shops for fashion, Bengaluru-based Slikk has raised $10 million in fresh capital. The startup—best known for promising doorstep delivery of clothes and accessories within an hour—is gearing up to broaden its product range, introduce instant returns, and push into more city pin codes across the country.

The funding, part of its Series A round, comes entirely in equity and is led by Nexus Venture Partners. Lightspeed, which had backed Slikk’s $3.2 million seed round just a few months ago in March, also joined in once again.

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Slikk was founded by a trio of seasoned entrepreneurs: Akshay Gulati (CEO), Om Prakash Swami (CTO), and Bipin Singh (CPO). With deep experience in e-commerce and logistics, the team has positioned Slikk at the intersection of speed, convenience, and trend-driven fashion.

The company currently caters to a fast-moving crowd—college students, young professionals, and city dwellers who crave quick gratification and follow fashion trends in real time. Operating in Bengaluru for now, Slikk’s key draw is its 60-minute delivery promise combined with a Try & Buy feature that lets customers try outfits before committing to a purchase.

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“We’ve seen strong traction from day one,” said Akshay Gulati. “What’s really worked for us is being able to help fashion brands reach consumers at the neighborhood level—almost instantly. This new investment gives us the firepower to scale that experience, add more lifestyle categories, and make returns as effortless as ordering.”

Slikk’s next phase will see it move beyond fashion into other lifestyle segments and expand operations across more metros, with an eye on becoming a household name in fast fashion—literally.

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Citykart Raises ₹538 Cr from TPG NewQuest and A91, Targets ₹1,300 Cr Revenue in FY26 with Tier-III Blitz

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Citykart Raises ₹538 Cr from TPG NewQuest and A91, Targets ₹1,300 Cr Revenue in FY26 with Tier-III Blitz

Citykart, the fast-growing value fashion chain that’s been quietly conquering India’s tier-II and tier-III cities, has just pulled in ₹538 crore in a new funding round. The round was co-led by TPG NewQuest and A91 Partners and includes ₹120 crore in fresh capital and ₹418 crore in secondary share sales. With this raise, insiders say the Gurgaon-based retailer’s valuation is now brushing the ₹1,400 crore mark.

The new funds will help fuel Citykart’s expansion into newer territories — including Rajasthan, Jharkhand, Odisha, and Assam — where it aims to recreate the retail playbook it nailed in Uttar Pradesh and Bihar. The company currently operates 137 stores and has its sights set on adding 40 to 50 more each year.

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Founder and MD Sudhanshu Agarwal emphasized that the focus isn’t just on rapid growth. “We’re testing out new formats in peri-urban areas around Delhi and Gurugram while staying disciplined about profitability,” he said.

This round also marks a significant shift in the cap table. Bahrain-headquartered Investcorp, which came onboard after acquiring IDFC Alternatives in 2019, has fully exited, reportedly clocking a 4x return on its investment. India SME Investments has also partially cashed out, selling half of its stake. With these changes, TPG NewQuest now becomes Citykart’s largest institutional shareholder, followed by A91 Partners and India SME.

Citykart’s business momentum has been strong — its revenue has jumped 70% over the last two years and is expected to top ₹1,300 crore in FY26, up from ₹900 crore-plus in FY25. Despite this impressive growth, Citykart remains conservatively valued at 1.5x FY25 revenue — much lower than listed competitors like VMart (2x) or Vishal Mega Mart (5.4x), the latter having a broader product basket that includes groceries.

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When asked about going public, Agarwal played it cool. “An IPO is definitely in the pipeline,” he said in an interview with The Economic Times, “but it’s not something we’re chasing in the short term. For now, we’re focused on doubling our revenue and strengthening our bottom line.”

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Monte Carlo Fashions Cuts Q4 Loss to ₹10.34 Cr, Closes FY25 with 35.4% Profit Jump to ₹81.17 Cr

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Monte Carlo Fashions Cuts Q4 Loss to ₹10.34 Cr, Closes FY25 with 35.4% Profit Jump to ₹81.17 Cr

Monte Carlo Fashions Ltd managed to reduce its net loss for the January–March quarter of FY25, reporting a shortfall of ₹10.34 crore. This marks an improvement from the ₹17.76 crore loss the company posted during the same period last year, as per its latest regulatory filing.

Revenue from operations for the quarter held steady, coming in at ₹205.93 crore—just slightly below last year’s ₹206.52 crore for the same three-month stretch.

Continue Exploring: Lahori Beverages Nears ₹450 Crore Fundraise as Valuation Soars to ₹2,500 Crore – A New Challenger in India’s Booming Drinks Market

A noticeable cut in spending helped cushion the bottom line. The company’s total expenses for the quarter dropped 4.6%, settling at ₹228.11 crore.

Zooming out to the full financial year, Monte Carlo wrapped up FY25 on a positive note. Net profit surged by 35.4% to ₹81.17 crore, compared to ₹59.94 crore the previous year. Total consolidated income also saw a bump, rising 4.23% to ₹1,135.58 crore.

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On the markets, Monte Carlo shares closed at ₹610.80 apiece on the BSE on Monday, recording a gain of 0.93%.

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