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Cloudtail reports net loss of Rs 522 cr in FY22, revenue rises 15%

The e-commerce firm's revenue grew 15% to Rs 19,090 cr in FY22

e commerce
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The company’s total expenses for the fiscal were reported as Rs 19,573 crore.

BS Reporter Bengaluru
Cloudtail India Private Limited, an e-commerce firm, reported its revenues for the financial year 2021-22 as Rs 19,090 crore, a 15  per cent  jump since the last financial year. The company further reported a net loss of Rs 522 crore during the same fiscal, according to data sourced from business intelligence platform Tofler. The company’s total expenses for the fiscal were reported as Rs 19,573 crore.

The firm had reported a net profit of Rs 183 crore during financial year 2020-21. This was 171 per cent increase from the previous financial year, according to Tofler data released in November 2021.

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First Published: Sep 28 2022 | 11:36 PM IST

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