India, Feb. 5 -- House of brands unicorn Mensa Brands' consolidated net loss declined about 31% to INR 155.85 Cr in the fiscal year 2023-24 (FY24) from INR 227.03 Cr in the previous fiscal.

The startup saw its operating revenue increase 11.6% to INR 557.66 Cr during the year under review from INR 499.63 Cr in FY23.

As a startup that owns and operates consumer brands such as Pebble, MyFitness, Dennis Lingo, among others, Mensa Brands earns a majority of its revenue from sale of products.

Including other income of INR 40.53 Cr, the startup's total income stood at INR 598.20 Cr in FY24.

Founded in 2021 by former Myntra CEO Ananth Narayanan, Mensa Brands has raised a total funding of about $300 Mn to date. It counts marquee investors like...