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Prodo claims over 10X growth in income during FY23, eyes profit by Oct

Entrackr · 1y

Prodo, an on-demand manufacturing and procurement marketplace, reported impressive financial performance in FY23, generating Rs 32 crore in revenue while maintaining losses at Rs 5.7 crore. The Gurugram-based startup provides B2B manufacturing services with quality assurance and last-mile deliveries. Prodo plans to expand its revenue sources internationally in FY24, targeting Rs 80 crore and focusing on North America, Europe, and the GCC. Despite growth, its losses increased due to expansion, and the company aims for profitability by October 2023. Prodo has raised $1.4 million in funding from investors including Titan Capital and Inflection Point Ventures.