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Vegrow's gross merchandise value sees 30-fold increase in two fiscal years
source link: https://nextbigwhat.com/vegrows-gross-merchandise-value-sees-30-fold-increase-in-two-fiscal-years/
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Vegrow’s gross merchandise value sees 30-fold increase in two fiscal years
- B2B fruit marketplace Vegrow’s gross scale grew over 30X in the last two fiscal years, reaching Rs 361 crore in FY23 from Rs 11.8 crore in FY21.
- The company’s total expenditure rose 3.6X to Rs 481.6 crore in FY23, leading to a 3.8X increase in losses to Rs 114 crore.
- Despite the increased expenses, Vegrow has raised around $86.5 million from investors including GIC, Prosus, Lightspeed, and Elevation Capital.
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