Mokobara reports Rs 117 Cr revenue and Rs 4 Cr loss in FY24

Mokobara's financial performance in FY24 shows Rs 117 crore in revenue, a 44% growth compared to FY23. However, the company faced a Rs 4 crore loss due to high operating costs. Mokobara, a direct-to-consumer furniture brand, has expanded its product range and invested in marketing and brand building. Despite losses, the company plans to continue expanding its offerings and further establishing its brand presence. In FY24, Mokobara also spent heavily on its supply chain and logistics. This loss is typical for startups focused on scaling, and Mokobara aims to break even in the upcoming financial year through more cost-effective operations and a larger customer base.