AquaExchange's Revenue Surpasses Rs 100 Cr in FY24 Despite Rising Costs

• Full-stack aquaculture tech firm AquaExchange saw a 36% increase in revenue in FY24, reaching Rs 104.88 crore.
• Other income also rose, bringing total revenue to Rs 105.10 crore.
• The company's expenses increased, particularly in employee benefits and material costs, leading to a total cost of Rs 117 crore.
• Despite the revenue increase, losses spiked 92% to Rs 9.35 crore due to increased expenses.
• AquaExchange has raised nearly $10 million from investors and is controlled by founder and CEO Pavan Kosaraju.

Source: Entrackr