<ul><li>Loadshare Networks, backed by Tiger Global, managed to reduce its annual loss despite a decline in revenue from operations.</li><li>Revenue from operations for the year ended March 31, 2024, was Rs 340.9 crore, down 11.34% compared to the previous year's Rs 384.5 crore.</li><li>The company cut expenses by 22.9% by reducing costs in employee benefits and other areas such as power and fuel, rent, repairs, travel, and legal fees.</li><li>Loadshare Networks provides courier and transportation services and has expanded into rapid delivery for food, groceries, and quick commerce orders.</li></ul>

Tiger Global-backed Loadshare Networks' FY loss improves despite revenue decline

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