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While the narrower losses or higher profits for some startups was helped by strong revenue growth, others sacrificed growth to arrest financial bleeding.
Startups which grew at a rapid pace while posting better margins include Purplle, Porter, PhonePe, Lenskart, Curefoods, Bookmyshow, Rapido, Perfios and Shadowfax. Meanwhile, companies such as ElasticRun, CarDekho, Pharmeasy and InfoEdge-backed Shopkirana saw a decline in revenues last fiscal.
Startups which posted moderate or slow growth as they pushed to curb losses include Simplilearn, Cashify, Myntra, Udaan, Acko, Sugar Cosmetics and Rebel Foods. This was especially evident across startups which are preparing to go public.
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