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DeepNewz, mobile.
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#Swiggy UDRHP-1 Over 112 mn ever transacted users as of Jun24 Consolidated operating revenue climbed 36% YoY in FY24 to Rs 11247.4 crores while losses halved during the same period Net loss declines by 46% to INR 2,256 crores in FY24 EBITDA loss (excl ESOPs) stood at INR… https://t.co/5oOok0kRBQ
Unacademy which has been vying for an acquisition or a merger saw its revenues decline by 5.3% to Rs 988 Cr in FY24, losses reduced substantially by more than 60% to Rs 631 Cr
Unacademy narrows down losses by 62% in FY24; revenue remains flat: Unacademy recorded Rs 988.4 crore in total revenue during FY24 which slid 5.33% compared to Rs 1,044 crore in FY23. However, the SoftBank-backed firm cut down… https://t.co/vlm1K4JEkt #startupnews #startups
Unacademy, the SoftBank-backed edtech company, reported a significant reduction in net loss by 62% to Rs 628 crore in FY24, down from a peak of Rs 2,848 crore in the year ending March 2022. The company's total revenue for FY24 was Rs 988.4 crore, a decline of 5.33% compared to Rs 1,044 crore in FY23. Meanwhile, Coding Ninjas, controlled by Info Edge, saw its revenue remain flat in FY24 despite experiencing over two-fold revenue growth in FY23, with expenses crossing Rs 100 crore. Swiggy, another prominent company, reported a 36% year-on-year increase in consolidated operating revenue to Rs 11,247.4 crore in FY24, with net loss declining by 46% to Rs 2,256 crore. Swiggy also noted having over 112 million ever transacted users as of June 2024.