India, March 25 -- Investment tech platform Fisdom, which is reportedly in talks for an acquisition by bigger rival Groww, saw its consolidated net loss decline by 19% to INR 57.4 Cr in the financial year 2023-24 (FY24) from INR 70.5 Cr in the previous fiscal year.

According to the filings of its parent Finwizard Technology, the startup's operating revenuesurged 28% to INR 82.9 Cr during the year under review from INR 64.7 Cr in FY23.

Including other income of INR 1.4 Cr, its total revenue stood at INR 84.3 Cr during the year under review as against INR 67.5 Cr in FY23.

Despite the strong growth in its top line, total expenses rose only about 3% to INR 141.7 Cr during the year under review from INR 138 Cr in FY23.

In June last year, F...