CosmicTaco

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

CosmicTaco · 2024-10-26T09:08:06.000524+05:30

- 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](https://entrackr.com/fintrackr/aquaexchange-revenue-crosses-rs-100-cr-in-fy24-7354880)

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