KhataBook lost ₹126 cr with no revenue in FY20: Report

Fintech startup KhataBook recorded a loss of ₹126 crore with no revenue in the financial year 2020, Entrackr reported citing filings. It spent 74.2% of its total expenditure on advertising and promotions to reach its customer base during FY20. Besides KhataBook, OkCredit recorded a loss of ₹156.6 crore with no operating revenue, the report added.