Edtech Startup Skill-Lync's FY23 Loss Widens 1.9X YoY To INR 266 Cr, Revenue Surges 200%
India, May 9 -- Chennai-headquartered edtech startup Skill-Lync saw its standalone net loss widen over 90% to INR 266.4 Cr in the financial year 2022-23 (FY23) from INR 140.1 Cr in the previous fiscal year, hurt by a sharp jump in several expense buckets.
Skill-Lync's operating revenue jumped 200% to INR 139.6 Cr in the year under review from INR 46.5 Cr in FY22.
Founded in 2015 by SuryaNarayanan PaneerSelvam and Sarangarajan V Iyengar, the startup offers industry-relevant courses to engineering students by partnering with industry experts. It earns most of its revenue from the sale of services, including course fees.
Overall, Skill-Lync's total revenue stood at INR 144.6 Cr in FY23 as against INR 46.8 Cr in the previous year.
The sta...
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