Beleaguered ZestMoney Posts INR 412 Cr Loss In FY23

Beleaguered ZestMoney Posts INR 412 Cr Loss In FY23

SUMMARY

ZestMoney’s operating revenue rose to 76% to INR 243.7 Cr in FY23 from INR 138.4 Cr in FY22

The startup, which was to shut shop at the end of December 2023, spent INR 2.7 to earn every rupee in FY23

As on March 31, 2023, ZestMoney’s total cash and cash equivalent stood at a mere INR 49.6 Lakh

Troubled buy now, pay later (BNPL) startup ZestMoney reported a net loss of INR 412.4 Cr in the financial year ended March 31, 2023. This was a marginal rise of 3% from the loss of INR 398.8 Cr the startup reported in the financial year 2021-22 (FY22).

Revenue from operations rose 76% to INR 243.7 Cr in FY23 from INR 138.4 Cr in the previous fiscal year.

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