Xelpmoc Design and Tech Reports Q1 Results: Revenue Up, Net Loss Widens
Xelpmoc Design & Tech reported Q1 results with revenue from operations increasing 11.2% QoQ to Rs 7.85 crore. Total income rose 13% to Rs 9.26 crore. However, net loss widened to Rs 18.82 crore. The company issued new equity shares, granted employee stock options, and sold part of its equity investment. Fair value of investments in portfolio companies stands at Rs 531.80 crore. CEO Sandipan Chattopadhyay highlighted the company's transition to serving the corporate sector and focus on AI-driven solutions.
19Apr 25
Xelpmoc Design to Sell Partial Stake in Mihup for ₹100.00 Crore
Xelpmoc Design and Tech Limited has approved the partial sale of its stake in Mihup Communications Private Limited for ₹100 crore. The transaction involves selling 11,782 Series Seed Compulsorily Convertible Preference Shares at ₹8,487.32 per share. Xelpmoc plans to use the proceeds to support organic growth and invest in AI, ML, and data sciences. This move aligns with the company's strategy of exiting startups after a 7-year holding period.