Tech
Eruditus FY24 Ebitda loss narrows, founder cites focus on profitability
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SoftBank-backed Eruditus’ revenue growth slowed to 12% in its last financial year, but its operating loss narrowed to a sixth from the previous year, as the executive education startup sought to balance business expansion and profitability, its founder and chief executive said.
The company posted revenue of Rs 3,733 crore for its financial year ended June 30, 2024, Ashwin Damera told ET. In the previous fiscal year, its revenue had grown 63% to Rs 3,280 crore. Loss before interest, taxes, depreciation and amortisation (Ebitda loss) narrowed to Rs 69…
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