Neobanking Unicorn Open Posts Paltry Rs 30 Crore Revenue In FY23

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Neobanking Unicorn Open Posts Paltry Rs 30 Crore Revenue In FY23

Neobank Open, which turned unicorn in 2022, posted a paltry topline of Rs 30 crore, growing 25% year-on-year, according to financial statements accessed via TheKredible. This, despite a valuation of over Rs 8,000 crore.Including other income, the Bengaluru-based startup's topline came in at Rs 53 crore, compared to Rs 40 crore in FY22. That revenue came on a loss of about Rs 242 crore in FY23, largely flat from a Rs 249 crore loss in FY22. Open'…