Softbank-backed Whatfix report Rs 328 cr loss, revenue up 65% in FY23

HomeStartupSoftbank-backed Whatfix report Rs 328 cr loss, revenue up 65% in FY23

Published on

November 13, 2023

Whatfix’s net loss decreased by 53% in FY23, dropping from INR 706.26 Cr to INR 328.33 Cr.
Operating revenue saw a notable YoY growth of 65.14%, reaching INR 284.74 Cr in FY23.
Total expenses were reduced by 29.65%, falling from INR 897.39 Cr in FY22 to INR 631.31 Cr in FY23.
The startup’s positive financial trend indicates improved cost management and increased revenue.
Softbank’s backing provides valuable support and credibility for Whatfix in the competitive B2B SaaS sector.