EduGorilla's scale rises 2X in FY23, losses cross Rs 76 lakhs Lucknow-based edtech startup EduGorilla generated Rs 11.15 crore in revenue for FY23, doubling from Rs 5 crore in the previous year. Founded by Rohit Manglik, the company offers AI-powered multi-lingual online test series for competitive exams. Major expenses included advertising (30%) and employee benefits (25%), totaling Rs 12.3 crore. EduGorilla raised Rs 16 crore in 2022, with Pushpa Manglik becoming the largest shareholder. The company saw losses widen to Rs 76.2 lakhs, with a current EBITDA margin of 2.15% and ROCE at -7.66%. #TheKredible #StartupNews #Startup #News #IndianStartup #EduGorilla #EdTech #EduTechStartups #FY23Results #CompetitiveExams #AIinEdTech #StartupJourney #EdTechInnovation #TechInEducation #EdTechTrends #SeedFunding https://thekredible.com/blogs/edugorillas-scale-rises-2x-in-fy23-losses-cross-rs-76-lakhs