India, July 6 -- IPO-bound coworking startup Smartworks' consolidated net loss rose 26.5% to INR 63.2 Cr in the fiscal year 2024-25 (FY25) from INR 49.9 Cr in FY24.

The company, whose public issue is set to open on July 10 and close on July 14, disclosed its bottom line numbers in its red herring prospectus (RHP).

Notably, the losses continue to pile up even as the company saw strong growth in revenue and total income. Smartworks' operating revenue stood at INR 1,374.1 Cr in FY25, up 32.3% from INR 1,039.4 Cr a year ago.

This marks a continued upward trajectory from INR 711.4 Cr in FY23, signalling sustained demand for the startup's flexible office offerings.

Total income for the fiscal under review stood at INR 1,409.7 Cr, up 26.6% f...