Startup Pedia loss

VerSe Innovation, the parent company of the Daily Hunt and Josh apps, reported a loss of Rs. 2,500 crore in FY22, with revenue of Rs. 965 crore

The parent company of the short video entertainment app Josh and the vernacular news aggregator Dailyhunt, VerSe Innovation, continues to suffer severe financial losses, as its losses more than tripled and exceeded Rs 2,500 crore in FY22. Shailendra Sharma, Umang Bedi, and Virendra Gupta formed the Bengaluru-based startup VerSe Innovation in 2007. According to its […]

Read More

ZestMoney’s loss increases three times to INR 399 Cr in FY22, while operating revenue increases to INR 138 Cr

The Australian fintech Zip-backed buy now pay later (BNPL) firm ZestMoney witnessed its loss triple year over year (YoY) to INR 398.8 Cr in the fiscal year that ended on March 31, 2022, as a result of a significant increase in its costs. Lizzie Chapman, Priya Sharma, and Ashish Anantharaman founded the Bangalore-based ZestMoney in […]

Read More

Dunzo’s losses increased by 2X to Rs 464 Cr in FY22, yet revenue doubled

Bengaluru-based hyperlocal grocery delivery startup, Dunzo incurred high operational costs in FY22, which resulted in a net loss of Rs 464 crore, up 2X from Rs 229.1 crore in FY21.  Dunzo lost Rs 230 on each Dunzo Daily order from January to June this year. The company reported an EBITDA loss of Rs 176 crore in June […]

Read More