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SaaS startup Whatfix reports Rs 285 crore revenue in FY23, losses surge 31%

IndianStartupNews

IndianStartupNews · 1y

SaaS startup Whatfix reports Rs 285 crore revenue in FY23, losses surge 31%

SaaS startup Whatfix has reported a significant revenue increase in FY23, with its revenue from operations reaching Rs 285 crore, a growth of 65.7% compared to the previous fiscal year. The company has reached $50 million in annual recurring revenue (ARR) and has a strong global market presence, particularly in the US and Europe. However, Whatfix has faced rising operational costs, leading to a 31.2% increase in losses. Despite the losses, the company has shown improvements in its Return on Capital Employed (ROCE) and EBITDA margin.

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