Expanding from milk delivery to groceries is all very well, but a surge in losses signals the challenges that lie ahead.
Country Delight has embarked on a new journey. From being a largely milk delivery startup, it’s going full steam ahead with its plan to expand its grocery business. And its latest financials—for the 2021-22 fiscal, released earlier this week—are a stark reflection of this transition.
The Gurugram-based company posted a revenue of Rs 543 crore in 2021-22, as against Rs 321 crore the previous year. But what’s intriguing is the 6x rise in its losses, from Rs 28 crore to Rs 186 crore. It’s particularly interesting because the company had managed to bring them down from Rs 68 crore in …
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