Go Back

We360.ai Achieves 67% Revenue Growth in FY24, Losses Widen

  • December 17, 2024
  • By Team TheKredible
Share this article

Founded in 2020, Bhopal-based We360.ai is a cloud-based SaaS platform that helps businesses monitor employee productivity and gain actionable insights into workplace dynamics. With a simple, user-friendly interface and a quick setup process, We360.ai provides real-time analytics for HR professionals and business leaders to optimize performance. Serving over 20,000 users globally, the platform is a key enabler for improving digital enablement efforts and workplace productivity.

We360.ai reported a 66.83% revenue growth in FY24, reaching Rs 3.37 crore compared to Rs 2.02 crore in FY23. However, net losses widened to Rs 4.13 crore in FY24, up from Rs 3.98 crore in FY23. The EBITDA margin improved to -120.28% in FY24 from -193.61% in FY23, the ROCE improved significantly, rising to 1,228.63% from 516.76% in FY23.

The company’s expenses grew by 25% to Rs 7.50 crore in FY24, up from Rs 6 crore in FY23. Employee benefit costs accounted for 58.86% of total expenses in FY24, up from 53.03% in FY23, reflecting increased investment in talent. Advertisement costs declined to 13.54% of total expenses in FY24, compared to 20.44% in FY23. Depreciation costs rose marginally to 1.02% of total expenses in FY24 from 0.79% in FY23.

We360.ai has raised a total of Rs 10.29 crore across two funding rounds, with its most recent pre-Series A round completed in June 2023. Co-founders Arnav Gupta and Swapnil Tripathi hold 41.31% and 2.01% equity, respectively, while investors include LetsVenture (1.24%) and SucSeed Indovation (3.86%).