Startup Atlas · API Infrastructure

Setu Acquired

BrokenTusk Technologies Private Limited ● Bengaluru, Karnataka ● Founded 2018 ● setu.co ↗
Sahil Kini · Co-founder & CEO Nikhil Kumar · Co-founder & Chief Evangelist
$18.5 MnTotal funding (tracked)
2Funding rounds
15 Apr 2020Last round

Setu: Financial Breakdown

Figures below are FY2024, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Consolidated revenue from operations of Rs 35.2 croreTotal revenue
Expenses almost flat at Rs 77.9 croreTotal expenses
Consolidated annual loss for the year was Rs 41.2 croreNet loss

Revenue by fiscal year

012345$MINR 11.6 Cr (operating revenue): $1.4M1.4FY2022INR 14.2 Cr (operating revenue): $1.7M1.7FY2023Consolidated revenue from operations of Rs 35.2 crore: $4.2M4.2FY2024

Net profit / loss by fiscal year

-8-6-4-20$MNet loss of INR 28.4 Cr: $-3.4M-3.4FY2022Net loss of INR 62 Cr: $-7.4M-7.4FY2023Consolidated annual loss for the year was Rs 41.2 crore: $-4.9M-4.9FY2024

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2024 Consolidated revenue from operations of Rs 35.2 crore Expenses almost flat at Rs 77.9 crore — Consolidated annual loss for the year was Rs 41.2 crore source
FY2023 INR 14.2 Cr (operating revenue) INR 79.6 Cr — Net loss of INR 62 Cr source
FY2022 INR 11.6 Cr (operating revenue) INR 44.9 Cr — Net loss of INR 28.4 Cr source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.tofler.in · Last verified 7 Sep 2026. · Report a correction