Tickertape’s revenue scales 2.4X in FY23, losses rise to Rs 35 Cr

Bengaluru-based fintech startup Tickertape saw a 2.4X revenue growth to Rs 7.4 crore in FY23. Founded by Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta, it provides investment information and analysis. Operating revenue rose to Rs 7 crore, comprising 93% of total revenue. Expenses doubled to Rs 42.7 crore, with significant spending on employee benefits and advertising. Despite raising Rs 40 crore in 2021, losses doubled to Rs 35.3 crore in FY23. Its EBITDA margin is -419.38%, with ROCE at 0.00%.

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https://thekredible.com/blogs/tickertapes-revenue-scales-2-4x-in-fy23-losses-rise-to-rs-35-cr