<ul><li>The edtech startup Cuemath, backed by Peak XV, reduced its losses by 42.7% in FY24 compared to the previous fiscal year.</li><li>Expenses dropped by 29.9%, enabling Cuemath to narrow its losses to Rs 134.5 crore in FY24.</li><li>Cuemath reported a marginal increase in revenue, with operating revenue of Rs 126.4 crore, a 4.9% increase from the previous fiscal year.</li><li>The reduction in losses is attributed to reduced spending on employee benefits and advertising expenses, as well as job cuts.</li></ul>

Peak XV-backed Cuemath’s FY24 losses narrow 42.7%; revenue up marginally

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