India, Dec. 4 -- Edtech major upGrad slashed its net loss by more than 51% to INR 273.7 Cr in FY25 from INR 559.8 Cr loss incurred in the previous fiscal. The startup's shrinking losses came on the back of it trimming its expenses while simultaneously seeing a growth in its revenue.

However, the improvement came despite a slight increase in its top line. upGrad's operating revenue rose 6% to INR 1,569.3 Cr from INR 1,487.6 Cr in the year ago period.

Including other income of INR 80.6 Cr, its total revenue stood at INR 1,649.9 Cr in the fiscal year under review. The other income component zoomed about 37% YoY. Besides, the startup's bottom line also included an exceptional item gain of INR 6.7 Cr in the fiscal against a loss of INR 13.6 ...