6 Popular Startups And The Money They Are Losing Every Minute

We’ve even used atleast one of the services on this table, and with the incredible cost and services they provide, we’ve all wonder how these firms make money. And making money in the mercenary world, where people are already awaiting with their business idea is somewhat a struggle.

Lets look the list of companies who incurred and reported loses:

1. OYO – ₹76,077 every minute

OYO Rooms was launched by Ritesh Agarwal in 2012. It is a popular spot to stay for travellers on a budget. It was dubbed a unicorn in September 2018 after receiving $800 million in funding from Softbank as a result of its accomplishments. OYO, on the other hand, has lost 3943.84 cores ever since Financial Year 2021-22, corresponding to a reduction of over 76,077 cores every minute.

2. MobiKwik – ₹2,147 every minute

Bipin Preet Singh and Upasana Taku, a couple entrepreneur, launched MobiKwik, a payment processing company, in 2009. In the fiscal year 2021, MobiKwik reported a net loss of 111.3 crores. Every minute, this equates to a loss of rs. 2,147.

3. Swiggy – ₹25,347 every minute

Swiggy, one of our favourite delivery service applications, was launched by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini in 2014. Swiggy offers incredible reductions, which is perhaps why business is losing so much revenue. Swiggy suffered a decline of 1,314 crores in the previous year, which equates to a deficit of almost 25,347 crores each minute.

4. CarTrade – ₹1,802 every minute

CarTrade is an online marketplace for buying and selling old automobiles. Vinay Sanghi established it in 2009. In the December 2021 quarter, CarTrade incurred a loss of 23.36 crores. That’s about Rupees 1,802 each minute.

5. Paytm – ₹60,069 every minute

Paytm’s IPO was posted at a deficit of rs. 200, so it’s correct to conclude it’s having a rough day. Vijay Shekhar Sharma created Paytm in 2010. It was once a prominent payment instrument due to the convenience it provided in exchanges.

Paytm reported a loss of 778.5 crores for the financial quarter December 2021. Paytm lost about $60,069 per minute in the Fiscal year ending, according to this calculation.

6. PB Fintech – ₹22,995 every minute

Policybazaar and Paisabazaar are both owned by PB Fintech. Yashish Dahiya and Alok Bansal launched it in 2008. PB Fintech lost 298 crores in the corresponding period of 2018, which equates to a loss of nearly Rs. 22,995 crores per minute.