Bleeding Unicorns: Oyo Loses Rs 76,000 Every Minute, Swiggy Rs 25,000; How Startups Are Performing?
Source: CNBC TV 18
The Indian multinational unicorn's finances have suffered amid the pandemic
The startup founded by Ritesh Agarwal incurred losses of Rs 3943.84 cores FY20-21. This means that the company lost over Rs 76,077 every minute during the previous fiscal.
The food delivery app has earned a positive reputation across the country, however, it reported a loss of Rs 1,314 crore in the last financial year.
Meaning, the company lost well over Rs 25,347 per minute during the period.
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: The Gurugram-based payments service startup reported a net loss of Rs 111.3 crore in FY20-21.
This meant that the losses suffered by the start-up during the financial year was Rs 2,147 per minute.
: Founded in 2010 by Vijay Shekhar Sharma, the Noida-based multinational technology company that specializes in digital payment systems, suffered a loss of Rs 778.5 crore in the December quarter.
This meant that the startup lost over Rs 60,069 every minute during the period.
: The parent company of insurance platform Policybazaar and credit comparison portal Paisabazaar, has lost Rs 298 crore in the December quarter.
This calculates to the company losing Rs 22,995 every minute during the period.
: The online food aggregator reported a loss of Rs 63.2 crore in the last quarter, recording a loss of Rs 4,876 per minute.