Mensa Brands: Mensa Brands sees loss widen to Rs 213 crore, revenue jumps 2.5 times

Roll-up ecommerce startup Mensa Brands saw its total loss for FY23 widen over twofold from a year ago to reach Rs 213.9 crore, while total income grew 150% to Rs 505.1 crore, data from market intelligence firm PrivateCircle showed. The Singapore-registered firm's expenses also swole up 149% to Rs 718.9 crore in FY23 from a year earlier, filings showed. The biggest shifts came in the cost of purchase of stock-in-trade, which grew 138% to Rs 151.8 crore, while employee benefit costs nearly tripled to Rs 89.5 crore.