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Whatfix posts Rs 285 Cr revenue in FY23, losses surge 31%

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Whatfix posts Rs 285 Cr revenue in FY23, losses surge 31%

SaaS company Whatfix recorded a revenue of Rs 285 crore in FY23, a 65.7% increase from the previous fiscal year. The company's revenue primarily comes from software subscriptions and professional services offered on a subscription basis. The majority of the revenue, around 61%, comes from the US market, followed by Europe. However, despite the growth in revenue, Whatfix experienced a surge in losses, amounting to Rs 328 crore in FY23. The company has raised over $140 million in funding and is currently in talks to raise a new round at a valuation of over $800 million.

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