OkCredit reports 72% YoY rise in annual revenue to Rs 14.3 Cr

Quick Summary:

The app-based bookkeeping and accounting solutions company reported a narrower loss of Rs 35.2 crore for the year ended March 31.

The company, which initially struggled to generate any revenue from its operations despite receiving funding from prominent investors such as Lightspeed and Tiger Global, has managed to gradually show signs of revenue growth and focus on narrowing its losses.

The company managed to reduce its finance costs, depreciation expenses and other expenses during the period.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Annual Compared Rise Okcredit Reported Year Company Crore Revenue Privacy Expenses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:12:17 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23201659

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 7 posts per day

Year Established: 2008

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News Last Updated: 11 hours ago

Coverage Areas: India

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