Even as revenue triples, Amazon-backed Capital Float reports a loss of Rs 92 Cr

  • Digital lending startup Capital Float reports 13 percent wider loss in FY18, even as revenue grows triple fold.Bengaluru-based digital lending startup Capital Float has reported a total standalone revenue of Rs 135.10 crore in FY18.
  • This is almost a triple fold growth from its total revenue of Rs 53.84 crore reported in FY17.
  • While revenue grew, the loss almost doubled for the company in FY18 and stood at Rs 92.1 crore for fiscal 2018.
  • Founders of Capital Float: Sashank and Gaurav HindujaAccording to filings, the expense incurred for employee benefits stood at Rs 75.1 crore.

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