Trendsutra FY17 revenue rises 26% to Rs 115 cr

Published On: 01, Dec 2017 | Source:

Trendsutra Platform Services, which operates online furniture and home-decor platform, posted a 26% jump in its revenues to Rs 114.9 crore for the year ended March 2017, according to filings with the Registrar of Companies (RoC) and data platform, Tofler. Losses too came down by 16% to Rs 128 crore in FY17. One of the reasons behind reduction in losses is decline in advertising and marketing costs, which stood at Rs 138 crore in FY17, compared to Rs 154 in FY16. However, employee costs rose 15% to Rs 27.2 crore in FY17, compared to Rs 23.6 crore, same period last year.