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Mensa Brands’ FY23 loss more than doubles to INR 227 Cr

Mensa Brands’ FY23 loss more than doubles to INR 227 Cr

Mensa Brands, a house of brands startup, has reported a consolidated net loss of INR 227 crore in the financial year 2022-23 (FY23), more than doubling from the previous year. Despite a surge in operating revenue by over 137% to INR 499.6 crore, the company's expenses also increased by 142% to INR 763.2 crore. Mensa Brands, founded by former Myntra CEO Ananth Narayanan, owns and operates several consumer brands and has raised over $200 million in equity funding.

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