Nowadays, A lot of technology startups in India are getting molded and are having the capability to change the world. Venture capitalists have their eyes on these startups and are investing the ideas with a growth prospect. While most of the companies gets renowned and are making good revenue, the operational cost and mouth watering offers to beat the competitors finally lands them into a big loss. Here is a list of 11 highly funded and most renowned Internet giant in India which you can’t believe to be in loss and the loss figure will even give you a shock –
1. Flipkart – Loss of Rs 2,000 crore
Flipkart is an e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. where it is headquartered in Bangalore, Karnataka.
Flipkart posted a loss of about Rs 2,000 crore in the year ended March, amounting to a fifth of its rapidly rising sales, as the country’s largest online retailer spent heavily to fund discounts to win customers and stay ahead of rivals Snapdeal and Amazon India while investing in back-end operations.
2. Snapdeal – Loss of Rs 1,350 crore
Snapdeal is an online marketplace, New Delhi, India. The company was started by Kunal Bahl, a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, and Rohit Bansal, an alumnus of IIT Delhi in February 2010.
Snapdeal’s loss rose from around Rs 270 crore in March 2014 to nearly Rs 1,350 crore in March 2015 as the company shelled out $25 million (over 150 crore) a month as discounts and marketing expenses.
3. BookMyShow – Loss of Rs. 13.5 Crore
BookMyShow is India’s biggest online movie and events ticketing brand. The website caters to ticket sales for movies, plays, concerts and sporting events via the online platform. Launched in 1999, it is headquartered in Mumbai, Maharashtra.
Bigtree Entertainment, which operates the movie and event ticketing website BookMyShow, has reported revenues of Rs 127.6 crore for the year ended March 31, 2015 (FY15), up 51.9% from Rs 84.02 crore revenues reported in the previous year. The company’s loss has more than trebled to Rs 13.5 crore, from Rs 4.03 crore last year.
4. Freecharge – Loss of Rs 36.42 crore
FreeCharge.in is an e-commerce website headquartered in Mumbai, Maharashtra. It provides online facility to recharge any prepaid mobile phone, postpaid mobile, DTH & Data Cards in India.
According to a January 21 filing with the corporate affairs ministry, Accelyst Solutions Pvt Ltd, which runs FreeCharge, reported a total loss of Rs 36.42 crore for the year ended March 2014.
5. Uber – Loss of 3134.8 Crore
Uber Technologies Inc. is an American international transportation network company headquartered in San Francisco, California.
Uber is losing more money than it is generating. According to Bloomberg, Uber had revenues of $415 million and an operating loss of $470 million for an undisclosed time period. It also says that the document “touts 300 percent year-over-year growth.”
6. Housing – Loss of 48.8 Crore
Housing.com is a Mumbai-based real estate search portal which allows customers to search for housing based on gephy, number of rooms, and various other filters.
Housing reported losses ofRs 48.8 crore on revenue of Rs 1.9 crore for the financial year ended March 31, 2014, according to filings with the Ministry of Corporate Affairs.
7. MakeMyTrip – Loss of Rs. 81.4 Crore
Makemytrip Inc. is an Indian online travel company, founded by Deep Kalra in 2000. Headquartered in Gurgaon, Haryana, the company provides online travel services including flight tickets, domestic and international holiday packages, hotel reservations, rail and bus tickets.
Losses nearly doubled for MakeMyTrip for the quarter ended September 30 from the preceding quarter. Losses stood at $12.22 million as compared to $6.9 million in the preceding quarter. The company had posted a loss of $4.79 million in the same quarter last year. This is MakeMyTrip’s twelfth straight loss making quarter.
8. Zomato – Loss of Rs. 136 Crore
Zomato is a restaurant search and discovery service founded in 2008 by Deepinder Goyal and Pankaj Chaddah. It currently operates in 23 countries, including India, Australia and the United States. It features restaurant information such as scanned menus and photos sourced by local street teams, as well as user reviews and ratings. The company also provides cashless payment, online ordering, white-label apps, table reservation, and point-of-sale systems.
Zomato has reported an EBIDTA loss of Rs 136 crore for the 12 month period ended 31st March 2015 (FY15), up 228.6% year on year from Rs 41.39 crore loss reported in FY14. The online restaurant guide, and now food ordering service, generated total operating revenue of Rs 96.7 crore in FY15, more than three times the Rs 30.6 crore operating revenue generated in FY14.
9. Cleartrip – Loss of Rs. 29 Crore
Cleartrip.com is owned and operated by Cleartrip Private Limited. It was founded by Stuart Crighton and Hrush Bhatt in 2005. It is an Online Travel Agency (OTA) and provides online booking services for flights, hotels, trains, buses and travel packages.
Cleartrip reported a revenue from operations of INR 192 crores in FY14-15 with a loss of INR 29 Crores. Its revenue from operations and loss stood at INR 154 crores and INR 41 Crores, respectively, in FY13-14.
10. Homeshop18 – Loss of Rs. 174.91 Crore
HomeShop18 is an online and on-air retail and distribution venture of Network 18 Group, India. HomeShop18 was launched on 9 April 2008 as India’s first 24-hour Home Shopping TV channel, where anchors performed live demonstration of products on sale similar to HSN or QVC in USA. The television channel established HomeShop18’s foothold in Indian retail because of high television penetration. Later, as the internet reach grew all over the country, HomeShop18 launched www.homeshop18.com which was ranked as the No. 5 most trafficked Ecommerce portal in India by Comscore in July 2013.
HomeShop18 (TV18 Home Shopping Network) has posted a loss of Rs 174.91 crore for the financial year ended March 2015, up significantly from Rs 83.9 crore from the previous financial year. Revenues, however, increased 20.55% year-on-year (yoy) to Rs 443.87 crore from 368.2 crore.
11. TinyOwl – Loss of 25 Crore
The TinyOwl is a location based app, that lets you order your food from a range of restaurants anywhere in Mumbai, right from your mobile phone. The app is currently only available on the Android and iOS platforms in Mumbai.
TinyOwl closed its financial year with a Loss of nearly INR 25 Crores. The major expense incurred by the company during this period was Employee Expense at INR 12 Crores.
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