Brands
V-Mart stitches up a strong Q4 finish as revenue jumps 17 per cent year-on-year
MUMBAI: V-Mart Retail Ltd wrapped up the fourth quarter of FY25 with a decent tailwind, reporting a 17 per cent year-on-year surge in total revenue, proving that affordable fashion can still cash in during uncertain times. The retailer’s revenue from operations touched Rs. 780 crore for the quarter ended 31 March 2025, up from Rs. 669 crore in Q4 of the previous year.
While V-Mart strutted forward with an 18 per cent growth rate, its digital acquisition, Limeroad, stumbled. The online marketplace saw a 47 per cent revenue drop for the quarter and a 42 per cent decline over the full fiscal year, raking in just Rs 8 crore in Q4. It contributed commission income based on Rs 23 crore in net merchandising value, but the numbers looked more couture crash than runway revival.
Same-store sales growth (SSSG) gave the company something to cheer about, clocking in at eight per cent for the quarter. V-Mart stores delivered seven per cent, while its southern counterpart Unlimited spun out 10 per cent. Annual SSSG stood at 11 per cent, with total yearly revenue (excluding Limeroad) jumping 18 per cent to Rs 3,213 crore from Rs 2,714 crore in FY24.
Store expansion was also on full throttle. In Q4 alone, V-Mart opened 13 new stores and shut down four, keeping the footprint fresh. The new outlets popped up in familiar heartlands like Uttar Pradesh (four), Bihar (two), and Jharkhand (two), while also tapping into fresh territory across West Bengal, Jammu and Kashmir, Assam, Arunachal Pradesh, and Tamil Nadu with one store each.
Year-to-date, the company has launched 62 new stores and closed nine, pushing the grand total to 497 stores across India as of 31 March 2025. Not bad for a retail chain navigating changing consumer moods and an increasingly digital economy.
For those tracking the numbers, keep in mind: all revenue figures remain provisional, pending review by statutory auditors.
Brands
Rakesh Menon joins Paytm as avp – lending
Fintech product leader takes on new role after building digital lending, payments and credit products across fintech ecosystem
MUMBAI: Rakesh Menon has joined Paytm as assistant vice president – lending, taking on a new role focused on strengthening the company’s lending and credit products.
Prior to this, Menon worked at Profectus Capital Pvt Ltd as chief manager – payments based financing and digital lending.
At Profectus, he designed and launched digital credit products for merchants with variable cash flows, including overdraft-linked and revenue-share lending models. He led end-to-end LOS–LMS API integrations with payment partners and aggregators, enabling real-time underwriting, disbursal and repayment workflows.
He also worked on funnel optimisation initiatives using journey analytics, improving onboarding, KYC and disbursal conversion by 35 per cent. He developed ecosystem partnerships for transaction-data-based credit assessment and automated settlement systems, and collaborated with credit and data science teams to strengthen risk models and early delinquency detection.
Menon standardised partner onboarding and API frameworks, reducing go-live timelines by 40 per cent and improving digital scalability.
Before Profectus Capital, he worked at PayU as senior manager – presales lead – enterprise business from August 2022 to August 2023. He set up a national presales function for fintech and digital commerce clients, aligning solutions such as EMI, BNPL, BBPS and offer engines to merchant requirements.
He also helped improve conversion rates by around 15 per cent through merchant persona mapping, demo frameworks and structured sales playbooks, working closely with product and go-to-market teams.
From April 2019 to July 2022, Menon served as business unit head – SMB – direct acquisitions at Worldline, where he built the SMB online payments vertical from scratch. The business scaled to Rs 2,500 crore in annual transaction volume, growing at 45 per cent year-on-year.
During this period, he introduced paperless onboarding processes including eKYC and eSign, developed partner dashboards and CRM automation systems, and integrated platforms such as Shopify, WooCommerce and Tally to expand merchant adoption.
Across roles, Menon has worked across digital lending, payments and merchant financing, with experience in product development, ecosystem partnerships, API integrations and fintech-led growth strategies.
At Paytm, he will focus on scaling lending products and strengthening digital credit infrastructure within the company’s financial services ecosystem.
His appointment comes as fintech firms continue to expand their lending and embedded finance offerings in a competitive market.
