TraceX’s scale rose 79% in FY23, losses widen 3X Bengaluru-based agritech startup TraceX saw a 79% revenue increase in FY23, reaching Rs 1.54 crore, mainly from software subscriptions. FY22's operational revenue was Rs 86 lakhs. Founded by Anil Nadig and Srivatsa T Sreenivasarao, TraceX raised Rs 8 crore in an extended Seed round in 2022. FY23 expenses totaled Rs 6.1 crore, up from Rs 2 crore in FY22. TraceX, leveraging blockchain for the food and agricultural supply chain, recorded a 3X rise in losses to Rs 5 crore. #Agritech #thekredible #Startup #TraceX #RevenueGrowth #FoodSupplyChain #AgricultureInnovation #TechInAgriculture #SeedFunding #TraceXGrowth #FinancialReport #TraceXJourney #AgritechRevolution #TechInAgri #News https://thekredible.com/blogs/tracexs-scale-rose-79-in-fy23-losses-widen-3x