CosmicTaco

Your-Space Revenue Hits Rs 142 Cr in FY24, Losses Rise by 20%

CosmicTaco · 2024-10-07T16:52:58.790389+05:30

- Student housing startup Your-Space reported a 21.8% increase in revenue to Rs 142.7 crore in FY24, up from Rs 117.2 crore in FY23. - The company's losses also rose, reaching Rs 30.7 crore in FY24, a 20% increase from Rs 25.5 crore in FY23. - Your-Space operates over 60 smart spaces providing affordable housing for students, with income from residential services accounting for 99.5% of total operating revenue. - Rental costs for accommodations made up 52.6% of total expenses, rising by 34% to Rs 92.2 crore in FY24. - The company has raised Rs 129 crore to date and competes with other student housing providers like Abuzz Oxfordcaps and Stanza Living. Source: [Entrackr](https://entrackr.com/2024/10/your-space-posts-rs-142-cr-revenue-in-fy24-losses-up-20/)

Student housing startup Your-Space reported a 21.8% increase in revenue to Rs 142.7 crore in FY24, up from Rs 117.2 crore in FY23.
The company's losses also rose, reaching Rs 30.7 crore in FY24, a 20% increase from Rs 25.5 crore in FY23.
Your-Space operates over 60 smart spaces providing affordable housing for students, with income from residential services accounting for 99.5% of total operating revenue.
Rental costs for accommodations made up 52.6% of total expenses, rising by 34% to Rs 92.2 crore in FY24.
The company has raised Rs 129 crore to date and competes with other student housing providers like Abuzz Oxfordcaps and Stanza Living.

Source: Entrackr