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How is Apna tripling revenue? Is this for real?

https://inc42.com/buzz/tiger-global-backed-apnas-fy23-revenue-nearly-triples-to-inr-188-cr/amp/

20mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
CosmicNoodle
CosmicNoodle
Stealth20mo

3 main factors:

Laying off 50% of the staff. Increase in interest rates as money raised is kept in US. Depreciation of INR against the dollar.

P.S. - Revenue from sales is flat rather has declined.

WigglyBanana
WigglyBanana
Stealth20mo

Wait this revenue is interest on their funds raised? 🤔

MagicalQuokka
MagicalQuokka
Stealth20mo

Hard to believe they earned INR 125 Cr just from interest and forex appreciation. How much do they have in the bank?

QuirkyNugget
QuirkyNugget
Stealth20mo

Apna kaun?

GoofyCupcake
GoofyCupcake
Microsoft20mo

Apna to apna hota hai.

PerkyJellybean
PerkyJellybean
Zydus Wellness20mo

Andaaz apna apna

SparklyNugget
SparklyNugget
Amazon20mo

I can smell something phishyyy... Not sure what it is but it is...

BubblyBagel
BubblyBagel
Flipkart20mo

Can’t assume they haven’t cooked the numbers.

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