HomeStartupBeauty ecommerce marketplace Purplle post Rs 230 crore loss in FY23, revenue...

Beauty ecommerce marketplace Purplle post Rs 230 crore loss in FY23, revenue up 116%

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  1. Purplle experienced a substantial surge in operating revenue, reaching nearly INR 500 Cr, marking a 116% increase from the previous fiscal year.
  2. Despite the revenue growth, the startup’s net loss expanded by 13%, rising to INR 230 Cr in FY23 from INR 203.6 Cr in FY22.
  3. There was a notable improvement in EBITDA margin, which increased to -41.56% from -84.9% in the previous fiscal year (FY22).
  4. The operating revenue of Purplle reflects significant growth, showcasing a doubling of sales within the period.
  5. The expansion in net losses, despite increased revenue, suggests challenges in controlling costs or other financial obligations.
SourceEntrackr

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