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EasyRewardz’s revenue spikes 30% in FY23, losses widen 14% EasyRewardz, a B2B loyalty management platform based in Gurugram, saw a nearly 30% revenue increase, reaching Rs 45.65 crore in FY23. The company's operating revenue rose by 31% to Rs 44 crore, with significant contributions from LPaaS retainer revenue and campaigns. However, expenses also grew by 25% to Rs 65.25 crore, driven mainly by employee benefits and material costs. Despite a 14% increase in losses to Rs 19.6 crore, EBITDA improved to -37.67%, though ROCE declined to -1,007.89%. The company, led by Soumya Chatterjee, Angad Singh, and Tejas Kadakia, secured Series B funding from IIFL Finance in 2022. #thekredible #StartupNews #Startup #News #EasyRewardz #BusinessPerformance #GurugramStartups #EmployeeBenefits #BusinessExpansion #StartupSuccess #InvestmentNews #BusinessNews #TechStartups #StartupFunding https://thekredible.com/blogs/easyrewardzs-revenue-spikes-30-in-fy23-losses-widen-14

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