Voonik FY17 revenue rises to Rs 117 crore

BENGALURU: Voonik saw its revenues in FY17 increase nearly 600% while losses increased by over 50% from the previous financial year, as per the company’s financials, sourced from Tofler.

The company saw revenue of Rs 117 crore in FY17, up from Rs 17.8 crore the previous year, while losses increased to Rs 130 crore from Rs 84 crore.

Marketing was the largest cost for the company in FY17, since it changed from an affiliate business model to a marketplace.