ONDC’s FY25 loss narrows to Rs 147 crore even as expenses stay high, revenue more than doubles

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The government-backed Open Network for Digital Commerce (ONDC) has reported a more than 127% surge in total revenue at Rs 33.41 crore for 2024-25, as per financials sourced from market intelligence platform Tracxn.

The network had posted Rs 14.7 crore revenue in the previous fiscal year.

Despite the sharp topline growth, ONDC remains in the red. The net loss narrowed to Rs 147.13 crore in FY25 from Rs 195.6 crore in the previous year.

Total expenses declined to Rs 180.54 crore from Rs 210.3 crore a year earlier, reflecting some cost rationalisation…



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ONDC’s FY25 loss narrows to Rs 147 crore even as expenses stay high, revenue more than doubles



The government-backed Open Network for Digital Commerce (ONDC) has reported a more than 127% surge in total revenue at Rs 33.41 crore for 2024-25, as per financials sourced from market intelligence platform Tracxn.

The network had posted Rs 14.7 crore revenue in the previous fiscal year.

Despite the sharp topline growth, ONDC remains in the red. The net loss narrowed to Rs 147.13 crore in FY25 from Rs 195.6 crore in the previous year.

Total expenses declined to Rs 180.54 crore from Rs 210.3 crore a year earlier, reflecting some cost rationalisation…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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