Khatabook’s FY22 Loss Surges 3.4X To INR 111 Cr, Revenue Up To INR 78 Cr

Khatabook’s FY22 Loss Surges 3.4X To INR 111 Cr, Revenue Up To INR 78 Cr

SUMMARY

Khatabook’s revenue from operations quadrupled to INR 71.1 Cr from INR 16.9 Cr in FY21

Total expenses grew 74% to INR 189.3 Cr in FY22 from INR 108.6 Cr in FY21

The fintech startup’s EBITDA margin improved to -154% from -186% in FY21

Fintech startup Khatabook’s net loss widened over 3X to INR 111.1 Cr in the financial year 2021-22 (FY22) from INR 32.5 Cr in the previous fiscal year as its cash burn increased with the growth in business.

The startup’s revenue from operations quadrupled to INR 71.1 Cr from INR 16.9 Cr in FY21. It earned most of its revenue from software development and consultancy services. In FY22, Khatabook earned INR 58.1 Cr from software development and consultancy services, a jump of 405% from INR 11.5 Cr in FY21. 

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