Akshata Sharma
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Customer engagement platform Exotel witnessed a 2.5X increase in its net loss in the financial year ended March 31, 2023. The Bengaluru-based startup's net loss surged 157% to INR 109.4 Cr in the financial year 2022-23 (FY23) from INR 42.6 Cr in the previous fiscal year
Exotel's operating revenue increased 32% to INR 419.5 Cr from INR 318 Cr in FY22. Including other income, total revenue grew 36% to INR 446.6 Cr from INR 328.4 Cr in the previous fiscal.
Founded by Shivakumar Ganesan, Ishwar Sridharan, Siddharth Ramesh and Vijay Sharma in 2011, Exotel is a cloud telephony platform that provides APIs for voice, messages and user verification services over voice telephony or internet communications.
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