Josh Talks FY24: Losses Narrow by 25% amid Modest Revenue Growth

A 9% fall in overall expenses, at INR 29.25 Cr in FY24, was the main reason behind the reduction in losses

Josh Talks, an edtech and media business based in Gurugram, had a 25% decrease in losses in FY24 as a result of improved operational efficiency. The company recorded a loss of INR 9.88 Cr in its filings with the Ministry of Corporate Affairs (MCA), compared to INR 13.21 Cr in the previous fiscal year.

The startup’s revenue from operations for FY24 grew marginally by 2%, reaching INR 18.71 Cr compared to INR 18.29 Cr in FY23. Including other income of INR 65.40 Lakh, total revenue for the year stood at INR 19.37 Cr, representing a 3% increase over the previous year’s INR 18.80 Cr. Josh Talks, founded in 2015 by Shobhit Banga and Supriya Paul, provides career counseling, online classes, and an app for English language learning. With over 10 million app downloads and over 4 billion views on digital channels, its platforms—Josh Skills and Josh UPSC, in particular—have achieved immense success.

A 9% fall in overall expenses, at INR 29.25 Cr in FY24, was the main reason behind the reduction in losses. Notably, the firm reduced ‘Other Expenses’ from INR 17.12 Cr in FY23 to INR 13.49 Cr by cutting its marketing and advertising expenses by 21%. Employee costs increased by 2% to INR 13.89 Cr, and depreciation costs also increased slightly. Major investors including Ankur Capital and the Michael and Susan Dell Foundation have allocated $5 million to Josh Talks.