Flebo.in recorded 2X rise in scale in FY23, losses widen

Gurugram-based Flebo.in, specializing in home blood collection, saw a 2.3X revenue increase to Rs 3.4 crore in FY23. However, expenses surged nearly seven-fold to Rs 17.9 crore, driven by advertising, employee benefits, and legal charges. The startup, founded by Ajay and Avani Singh, incurred losses of Rs 10.7 crore, a significant rise from FY22's Rs 80 lakhs. Despite the financial challenges, Flebo.in's ROCE improved to 184.00%.

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https://thekredible.com/blogs/flebo-in-recorded-2x-rise-in-scale-in-fy23-losses-widen

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