India, Feb. 7 -- Baked goods startup Bakingo's standalone net loss surged 4.6X to INR 3.7 Cr in the financial year ended March 31, 2024 (FY24) from INR 80 Lakh in the previous fiscal year driven by an increase in the overall expenditure.

However, its operating revenue increased 69% to INR 159 Cr in FY24 from INR 94.6 Cr in the previous fiscal year.

Founded in 2016 by Himanshu Chawla, Shrey Sehgal and Suman Patra, Bakingo is an online bakery offering a range of cakes and pastries. The company claims to have 75 kitchens across more than 15 cities. It sells its products on its website as well as on ecommerce platform FlowerAura, set up by the founding team.

Bakingo competes against the likes of Nowhere Bakery, The Bread Company, Le15, Par...