Venture capital firm Foxhog has shared its financial results for the fiscal year 2024-25, reporting a profit of Rs 124.69 crore. The US-based firm, founded by Stanford alumnus Tarun Poddar, celebrated this strong performance by offering employee bonuses equal to three months’ salary and launching an Employee Stock Option Plan (ESOP) to reward its team.
In 2024, Foxhog expanded its presence to three new countries and launched a new lending division in Malta. These moves are part of the firm’s global strategy to widen its influence in the venture capital space. Since entering India in March 2020 with private equity services, Foxhog has focused on building a strong and unique footprint.
Foxhog FY25 Profit
Foxhog has introduced two innovative programs in India, “VC FOR VILLAGES” and “VC FOR WOMEN.” These initiatives focus on helping small business owners in rural areas, such as farmers, dairy operators, and shopkeepers. Unlike traditional microfinance companies that charge high interest and collect strict EMIs, Foxhog follows a new model. It invests in rural businesses and shares in both their profits and losses, creating a supportive partnership instead of a one-sided loan structure.
To further boost financial access in rural India, the company also launched FINKO, a mobile app that offers microfinance services. The platform aims to improve credit availability to people who have limited access to formal banking services.
Growing Portfolio & Leadership
With a strategy built around innovation and inclusion, Foxhog has expanded its investment portfolio to include over 60 companies worldwide. This diversification has played a key role in the firm’s profitability and stable growth.
As the company grows, so does its leadership’s responsibility. Foxhog has increased the annual salary of its CEO from Rs 2.38 crore to Rs 3.97 crore, recognizing the efforts made in expanding and managing the global business operations.
IPO and Future Plans
Looking forward, Foxhog is preparing to re-submit its Initial Public Offering (IPO) documents to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). This step shows the company’s confidence in its long-term growth.
In the upcoming fiscal year, Foxhog plans to make strategic exits from certain investments and focus more on scaling its lending operations,especially through its FINKO platform in India.
By combining strong financial performance with rural impact, employee rewards, and global growth, Foxhog is setting a new standard in the venture capital world while staying committed to meaningful change.
