Tonetag’s Higher Losses and Slowing Growth Impact FY22

  • Tonetag is a sound-based contactless payment and authentication solution for businesses.
  • ToneTag’s scale grew six-fold in FY21 with nominal losses of ~ Rs 20 lakh.
  • In FY22, ToneTag’s revenue grew only 38.9% while losses widened.
  • ToneTag is backed by Amazon, Reliance, and Mastercard.


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