Darwinbox, which makes human resource (HR) management software, saw its net loss widen to ₹179 crore in fiscal year 2025 (FY25), according to the latest available financials. TestMu, which automates software development and testing processes, reported flat revenue and profit in FY25—with its earnings stagnating as generative artificial intelligence (AI) automated software testing. LeadSquared, which makes customer relationship management software, is the only one to have bucked the trend—reporting a 17% year-on-year revenue growth in FY25 and cutting its losses by 39%, while reducing employee costs by 8.5% during the fiscal.
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