Xelpmoc Design and Tech Ltd

Xelpmoc’s Q2 FY ’26 Update: Key Deals, Growth Plans & Financial Snapshot 📊

- Pencil signed a 36-month, $950K service deal with Alphabet.

- Targeting EBITDA breakeven in 1-2 quarters.

- RELY (AgeTech) aims for a TAM of ₹6,800-14,000 Cr, with monetization expected by Q3/Q4 FY ’26.

- Fair value of portfolio investments: ₹703.4M (as of Sep 30, 2025).

- Team size: 54 (employees, interns, consultants).

- DocuXray expanding from real estate/finance to BFSI & insurance.

- Q2 FY ’26 operating revenue: ₹7.6M (down from ₹16.3M YoY, ₹7.8M QoQ).

- Mihup’s contracted ARR: ₹1B; Woovly’s Live2.ai ARR: $3.2M (245 brands).

- Operating EBITDA: -₹16.1M (Q2 FY ’26) vs. -₹10.2M (YoY), -₹16.4M (QoQ).

- Net loss: ₹19.3M (includes ₹2.5M ESOP costs).

- Focus on corporate segment & data science; no new startups unless exceptional.