Despite the decline in revenue, WROGN’s net loss rose 28% to INR 56.8 Cr during the year under review from INR 44.3 Cr in FY23
The Virat Kohli-backed startup’s total expenses fell 25% to INR 305.5 Cr in FY24 from INR 405.6 Cr in the previous fiscal year
Founded in 2014 by the brother-sister duo of Anjana Reddy and Vikram Reddy, WROGN is a D2C omnichannel men’s fashion brand
Universal Sportsbiz Private Limited (USPL), which operates Virat Kohli and Accel-backed youth fashion brand WROGN, seems to be struggling to scale up its sales. The startup’s operating revenue slumped 29% to INR 243.8 Cr in the financial year 2023-24 (FY24) from INR 344.3 Cr in the previous fiscal year.
Including other income, the startup’s total income declined 27% to INR 264.7 Cr in FY24 from INR 361.3 Cr in FY23.