Futurense Plans To Expand In Delhi, Hyderabad To Reach Its FY23 Net Sales Goal Of Rs 23 crore

Futurense aims to expand in Delhi and Hyderabad in order to reach its FY23 net sales goal of Rs 23 crore. According to Raghav Gupta, co-founder and CEO of Futurense Technologies, the company specializes in upskilling and talent acquisition, and it plans to generate net revenue of Rs 23 crore in FY23.

The business, however, declined to disclose on the period's net profit or loss. Furthermore, the organization intends to increase its presence in additional states like Delhi and Hyderabad with the goal of upskilling the nation's youth and helping them land high-paying professions. "The company's present headquarters are in Bengaluru, where it also offers employee training. Additionally, it built a facility in Koramangala that will be operational in three months, according to Gupta.

Business intelligence platform Tofler obtained regulatory records that showed Futurense had a net revenue of Rs 9.6 lakhs in its first year of operations in FY21. The business, however, suffered a loss of Rs 66 lakhs in FY21. We are currently not in a profitable state. We intend to move steadily forward since we are in a growth condition, Gupta added. The business claims to have generated Rs 4.83 crore in net income in FY22. The business, however, chose not to comment on the same fiscal year's profit or loss. 

Additionally, the company wants to increase its user base by 200% month over month by FY23. According to Gupta, the platform now enrolls roughly 50 resources per month; this number is anticipated to rise to 150. Because we spend money on them, we are picky in the number of applications we accept each month, he added.