WishCare’s top line crossed Rs 19 Cr in FY23, profits rise Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively. #thekredible #WishCare #KolkataStartup #BeautyAndWellness #NaturalSkincare #StartupSuccess #SkincareBrand #Entrepreneurship #StartupJourney #SkincareIndustry #StartupJourney #Startup #Insights https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise