Four-year-old Animall remained in a pre-revenue stage until FY21 as it posted a meager Rs 5 lakh in revenue but the company has managed to grow its operating collection to over Rs 7 crore in FY22.
The Bengaluru-based platform for buying and selling cattle recorded a whopping 148X growth in operating scale to Rs 7.4 crore during the fiscal year ending March 2022 as compared to Rs 5 lakh in FY21, according to its financial statements with the RoC.
Animall made the majority of its revenue from cattle trading and collected over 90% from the same while remaining came from healthcare, artificial insemination and marketplace commission.
Besides this, it also earned a finance income of Rs 3.94 crore during FY22 which pushed its total collection to Rs 11.34 crore.
Animall spent 32.5% of the total expenditure on selling & distribution. This cost grew 87.5% to Rs 18.04 crore in FY22 from Rs 9.62 crore in FY21. Employee benefits and outsourced operating expenses jumped to Rs 7.9 crore and Rs 6.31 crore, respectively.
Further, it also incurred cost of materials and legal fees of Rs 6.31 crore and Rs 3.43 crore in FY22 which upped its total expenditure by 4.3X to Rs 55.54 crore during the same period.
Following the rising expenses, its losses shot up 3.5X to Rs 44.2 crore in FY22 in contrast to Rs 12.64 crore during FY21. On a unit level, Animall spent Rs 7.51 to earn a single rupee.
Animall has raised around $23 million (~Rs 170 crore) to date from Beenext, Sequoia, Nexus Ventures, Rocketship.vc among others. After its latest fundraise of $14 million in Series B, it was valued at around $75 million (~Rs 565 crore). Entrackr had exclusively reported about the round in July 2021.
Its competitors include Pashu Mall, Pashu Mela, MoooFarm, Pashushala and Pashu Vyapar.