Taxing times for online gaming financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Hike s overall expenses surged to Rs 299 crore in FY23, up 114% on year from Rs 140.45 crore in the previous fiscal. This increase was mainly driven by higher employee salaries, server costs and marketing expenses.
The companys revenue from operations increased to Rs 2,662 crore in FY23, an almost 25% increase from the Rs 2,113 crore it generated in FY22, according to financial documents sourced from company data and intelligence platform Tofler.
Battling crises on multiple fronts, Byjus founder Byju Raveendran revealed his plans to tackle the liquidity crisis in a call with senior executives today. This and more in todays ETtech Top 5.