Trendlyne’s scale grew 50% in FY23, profits dwindle 15%
Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne was founded by Amber Pabreja and is funded by investors like IIFL Finance.
#thekredible #News #Startup #Trendlyne #StockMarketResearch #Fintech #StartupSuccess #RevenueGrowth #BusinessGrowth
https://thekredible.com/blogs/trendlynes-scale-grew-50-in-fy23-profits-dwindle-15
Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne was founded by Amber Pabreja and is funded by investors like IIFL Finance.
#thekredible #News #Startup #Trendlyne #StockMarketResearch #Fintech #StartupSuccess #RevenueGrowth #BusinessGrowth
https://thekredible.com/blogs/trendlynes-scale-grew-50-in-fy23-profits-dwindle-15
Trendlyne’s scale grew 50% in FY23, profits dwindle 15%
Bengaluru-based stock market research platform Trendlyne saw significant growth in FY23, with revenue rising 60% to Rs 7.9 crore compared to the previous fiscal year. Operating revenue increased by 55%, driven entirely by service sales, which contributed over 96% of total revenue. Despite expenses nearly doubling to Rs 7.13 crore, the firm maintained profitability, with FY23 profits at Rs 55.5 lakhs, though down 15% from FY22. Trendlyne was founded by Amber Pabreja and is funded by investors like IIFL Finance.
#thekredible #News #Startup #Trendlyne #StockMarketResearch #Fintech #StartupSuccess #RevenueGrowth #BusinessGrowth
https://thekredible.com/blogs/trendlynes-scale-grew-50-in-fy23-profits-dwindle-15
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