Five years after it was founded, EloElo reported no operating revenue for FY24, according to annual statements filed with the Registrar of Companies. The company did earn about Rs 5 crore from interest on fixed deposits during the year.
It posted a loss of roughly Rs 99 crore, a sign of heavy spending on growth well ahead of meaningful monetisation. EloElo, a WaterBridge portfolio company, was co-founded by Saurabh Pandey.
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Credit: Entrackr