Kutumb, a social community enabler, reported a pre-revenue stage during FY22, with revenue of only Rs 7.8K in platform access fees and a non-operating income of Rs 3.41 crore from interest and gains on financial assets. However, Kutumb’s expenses surged by 5.8X to Rs 21.63 crore during FY22, compared to Rs 3.74 crore in FY21, and its losses ballooned by 4.9X to Rs 18.21 crore during the same period. The breakdown of expenses shows that Kutumb spent 53% on employee benefits, which increased by 4.4X to Rs 11.57 crore in FY22. Additionally, the company’s expenditure on technology infra and marketing shot up 9.6X and 10.8X to Rs 5.2 crore and Rs 3.58 crore, respectively. Kutumb has raised around $28.5 million to date from Tiger Global, Sequoia Capital, and Rocketship.vc, among others, and was valued at around $170 million following a Series A round of $26 million in June 2021.
Kutumb’s expenditure on technology infra and marketing shot up 9.6X and 10.8X to Rs 5.2 crore and Rs 3.58 crore respectively. It also spent Rs 31 lakh and Rs 30 lakh on professional and rent expenses.
On a unit level, Kutumb spent Rs 27,587 to make a rupee in operating revenue during FY22. Kutumb has raised around $28.5 million to date from Tiger Global, Sequoia Capital, and Rocketship.vc among others. It was valued at around $170 million following the Series A round of $26 million in June 2021.
It seems that Kutumb has increased its spending on technology infrastructure and marketing significantly during FY22, with expenses in these areas rising 9.6X and 10.8X, respectively. Additionally, the company also spent Rs 31 lakh and Rs 30 lakh on professional and rent expenses.
On a unit level, Kutumb spent Rs 27,587 to make a rupee in operating revenue during FY22, indicating that the company is still not profitable. Despite this, Kutumb has raised around $28.5 million from investors such as Tiger Global, Sequoia Capital, and Rocketship.vc, among others. The company was valued at around $170 million after its Series A round of $26 million in June 2021.