Phi Commerce posts Rs 81 Cr revenue in FY24; losses soar 3X

Phi Commerce reported revenue of ₹81 crore in FY24, but its losses soared threefold. The financial results highlight the company's growth in revenue alongside a significant increase in operational expenses. The substantial rise in losses indicates challenges in achieving profitability. The financial data reflects the competitive nature of the commerce sector and the need for efficient cost management. The report underlines the importance of sustainable growth and financial stability for emerging companies.