CosmicTaco

Classplus Doubles Revenue to Rs 260 Cr, Reduces Losses by 57% in FY24

CosmicTaco · 2024-10-02T23:41:23.580102+05:30

- Edtech firm Classplus has seen its revenue grow eight-fold over the past two fiscal years, reaching Rs 213 crore in FY24, up from Rs 26 crore in FY22. - The company's revenue from operations surged 2X to Rs 213 crore in FY24 from Rs 102 crore in FY23. - The sale of SaaS tools and software accounted for 96.6% of its total operating revenue, which doubled to Rs 205.5 crore in FY24. - The company earned Rs 52 crore, primarily from interest on fixed deposits, bringing its total income to Rs 264 crore in the fiscal year ending March 2024. - The two-fold growth and controlled expenditures helped Classplus reduce its losses by 57%, bringing them down to Rs 110.4 crore in FY24 from Rs 256 crore in FY23. Source: [Entrackr](https://entrackr.com/2024/10/classplus-revenue-spikes-2x-to-rs-260-cr-in-fy24-cuts-losses-by-57/)

Edtech firm Classplus has seen its revenue grow eight-fold over the past two fiscal years, reaching Rs 213 crore in FY24, up from Rs 26 crore in FY22.
The company's revenue from operations surged 2X to Rs 213 crore in FY24 from Rs 102 crore in FY23.
The sale of SaaS tools and software accounted for 96.6% of its total operating revenue, which doubled to Rs 205.5 crore in FY24.
The company earned Rs 52 crore, primarily from interest on fixed deposits, bringing its total income to Rs 264 crore in the fiscal year ending March 2024.
The two-fold growth and controlled expenditures helped Classplus reduce its losses by 57%, bringing them down to Rs 110.4 crore in FY24 from Rs 256 crore in FY23.

Source: Entrackr