The four-year-old HR tech startup’s FY23 numbers may look good, but they do not tell the whole story.
Human resources tech startup Apna recently posted its financial results for the 2022-23 fiscal. The numbers look impressive, at least on the surface.
The company’s revenue from operations surged nearly 3x to Rs 180 crore from the previous financial year, while its losses rose 7% to Rs 120.3 crore.
But the complete picture, especially from the perspective of scale, is not as pretty as the financials would have us believe. Apna started out as a LinkedIn for blue- and grey-collar workers and went on to include all categories of jobseekers. However, there has been a shift in the target market, …
Samiksha covered all things startups at The Morning Context. She joined us from The New Indian Express, where she wrote stories on the retail and food sectors. Prior to that, she had covered startups and written various business features in the Deccan Herald.
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samiksha@mailtmc.com
Bengaluru