{"id":890888,"date":"2024-12-26T08:07:02","date_gmt":"2024-12-26T02:37:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=890888"},"modified":"2024-12-26T08:11:12","modified_gmt":"2024-12-26T02:41:12","slug":"saas-unicorn-leadsquared-targets-profitability-by-fy6-eyes-ipo-readiness","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/26\/saas-unicorn-leadsquared-targets-profitability-by-fy6-eyes-ipo-readiness\/","title":{"rendered":"SaaS unicorn LeadSquared targets profitability by FY6, eyes IPO readiness"},"content":{"rendered":"<p>LeadSquared, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector. The company also aims to achieve IPO-readiness by the next fiscal year, marking a critical milestone in its growth journey. <\/p>\n<p>In FY24, LeadSquared reported revenue of Rs 279.3 crore, reflecting a modest 9% growth over FY23. However, its net losses widened slightly to Rs 162.2 crore from Rs 161 crore the previous year. Co-founder and COO Prashant Singh attributed past setbacks to heavy reliance on edtech clients and investment in the US market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LeadSquared, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector. The company also aims to achieve IPO-readiness by the next fiscal year, marking a critical milestone in its growth journey. In FY24, LeadSquared reported revenue of Rs 279.3 crore, reflecting a modest 9% growth over FY23. However, its net losses widened slightly to Rs 162.2 crore from Rs 161 crore the previous year. Co-founder and COO Prashant Singh attributed past setbacks to heavy reliance on edtech clients and investment in the US market.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-890888","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=890888"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890888\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=890888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=890888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=890888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}