WITH VENTURE CAPITALISTS and private equity firms tightening their purse strings, stressing on profits rather than just the focus on growth, startups seem to be showing results.
A large number of startups have either been able to narrow their losses or posted positive bottom-lines in FY24. This came on the back of cost-cutting measures as revenues have largely remained muted.
Audio and wearable device maker boAt managed to nearly halve its losses during the fiscal to ₹53 crore, while the topline fell by around 5% to ₹3,122 crore. The company's marketing spends came down by 14% during the year.
Denne historien er fra December 04, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra December 04, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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