Founded in 2007, Noida-based Vinculum is a SaaS company specializing in omnichannel retailing. The company enables brands and retailers to sell seamlessly across multiple channels through its suite of products, including Vin Lister for automated product listing, Vin PIM for centralized product information management, Vin eRetail for multichannel collaboration, and Vin Reco for marketplace reconciliation.
Co-founded by Venkat Nott and Deepak Singla, Vinculum has raised a total of Rs 135.94 crore over 13 funding rounds, with its latest Series C round raised in May 2023. The shareholding structure includes Delhivery (10.94%) and Venkataramana Rao Nott (9.16%).
Vinculum’s revenue grew to Rs 63.83 crore in FY24, up from Rs 50.48 crore in FY23, marking a 26.4% increase. Expenses declined slightly to Rs 77.65 crore in FY24, compared to Rs 79.36 crore in FY23.
Employee benefit costs remained the largest expense category, accounting for 50.99% of total expenses in FY24, down from 53.70% in FY23. Depreciation increased to 2.35% in FY24 from 1.12% in FY23, while finance costs rose to 7.09% in FY24 from 6.16% in FY23. Other expenses accounted for 31.35% in FY24, slightly down from 32.06% in FY23.
Despite revenue growth, Vinculum continued to operate at a loss. Its net loss narrowed to Rs 13.91 crore in FY24 from Rs 28.94 crore in FY23. The EBITDA margin improved significantly to -10.15% in FY24 from -45.77% in FY23, while ROCE declined to 29.77% in FY24 from 82.14% in FY23.