Tag: Loss

  • Byju’s reveals $1 bn loss at its virtual Annual General Meeting

    In the ever-evolving landscape of the education-technology sector, Byju’s, a major player in the industry finds itself grappling with a challenge. The facts concerning this challenge were disclosed during the virtual annual general meeting on Wednesday i.e. December 20th where consolidated losses of nearly Rs 8,300 crore ($1 billion) and a cash loss estimated between…

  • Mohalla Tech Faces Fiscal Challenges with 72% Surge in Net Loss Despite Revenue Upswing

    In its latest financial disclosure, Mohalla Tech, the parent company behind social networking platforms ShareChat and Moj, revealed a 72% increase in net losses, amounting to Rs 5,144 crore for the financial year ending March 2023. However, the company had witnessed a substantial 59% surge in operating revenues, reaching Rs 553 crore during the same…

  • CoinSwitch Turns Unprofitable, Reports Rs 456-Crore Loss In FY22

    Few businesses in the cryptocurrency space have been able to captivate investors’ and fans’ attention as much as CoinSwitch. The transition of the Indian crypto unicorn from a successful company in the fiscal year 2021 to a losing venture in 2022 has sparked debates about the workings of the crypto market. Credits: BQ Prime CoinSwitch…

  • CARDEKHO’S FY23 REVENUE GROWS 46% ON SERVICES BUT LOSS WIDENS

    CarDekho is a well-known player in the thriving Indian autotech market, having lately made headlines with its stellar financial results. The company’s yearly overall income increased by an astounding 46.3%, driven by a spike in services including digital marketing, advertising, carmaker solutions sales, and vehicle listing. Additionally, it entered the insurance industry by directly pitching…

  • Flipkart Loss Widens To Rs 4,890.6 Crore In FY 2022-23

    The global retail giant Walmart owns the Indian e-commerce giant Flipkart India Private Limited, and it recently released its fiscal year 2022–2023 financial report. The increasing loss gap is what sticks out among the data, providing a clear picture of the turbulent Indian e-commerce scene. In this article, we’ll delve into the numbers, examine the…