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Logistics startup Ripplr's loss widens to Rs 89 Cr, revenue rises 39% in FY24

  • Logistics startup Ripplr reported a 39% increase in revenue for FY24 at Rs 1,032.43 crore.
  • However, its losses widened to Rs 89.15 crore in FY24 compared to Rs 62.09 crore in FY23.
  • The rise in losses was due to increased expenses, including purchases of stock-in-trade, employee benefits, and finance costs.
  • Ripplr offers an integrated distribution platform for FMCG brands and recently raised $40 million in funding.

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