The 2023 Accenture report on cybercrime found that more than 40% of attacks targeted small and medium-sized businesses, with ransomware the most common type.
Mohalla Tech saw an almost threefold increase in ad revenue in 2021-22 to ₹212 crore. The company, whose revenue more than quadrupled to ₹347 crore and losses increased 2.3 times to ₹2,988 crore, is attempting to reduce cash burn and increase monetisation.