SaaS Unicorn Leadsquared’s FY23 Loss Jumps 2.6X To Rs 161 Crore

HomeStartupSaaS Unicorn Leadsquared’s FY23 Loss Jumps 2.6X To Rs 161 Crore

Published on

November 20, 2023

India’s 103rd unicorn Leadsquared experienced a substantial year-on-year increase in total revenue, rising from INR 200.57 Crores in FY22 to INR 296 Crores in the recent period, marking a growth of 47.58%.
Specifically in terms of revenue from operations, there was a significant 32.30% year-on-year increase, escalating from INR 193.46 Crores in FY22 to INR 255.94 Crores in FY23.
The company witnessed a considerable surge in total expenses, soaring by 73.86% from INR 262.33 Crores in FY22 to INR 456.09 Crores in FY23.
Despite the rise in revenue, Leadsquared reported a higher net loss in FY23, totaling INR 161.19 Crores compared to the INR 61.94 Crores loss in the preceding fiscal year.