Yu Foods' Revenue Doubles, Net Loss Rises

• Yu Foods’ operating revenue surged 103.9% to INR 15.7 Cr in FY24, doubling from INR 7.7 Cr in FY23.
• Despite the revenue growth, net loss increased by 80.5% to INR 11.2 Cr from INR 6.2 Cr in the previous fiscal year.
• Total expenses for the startup rose significantly by 92.86% to INR 27 Cr in FY24, up from INR 14 Cr in FY23.

Source: Reuters