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Cashfree Payments’ net loss surges 46X in FY23
short by Pratham Nagpal / on Saturday, 13 January, 2024
Fintech platform Cashfree Payments saw its net loss widen a whopping 46X to ₹133.1 crore in FY23 from ₹2.9 crore in the previous year, hurt by a sharp jump in its employee costs. Cashfree’s operating revenue increased 75.4%, or 1.7X, to ₹613.8 crore in the reported fiscal year from ₹349.9 crore in FY22.
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