Startup Atlas · API Infrastructure
Setu Acquired
Sahil Kini · Co-founder & CEO
Nikhil Kumar · Co-founder & Chief Evangelist
$18.5 MnTotal funding (tracked)
2Funding rounds
15 Apr 2020Last round
Setu: Financial Breakdown
Figures below are FY2024, consolidated basis, compiled from filings and disclosures — every year cited to its source.
Consolidated revenue from operations of Rs 35.2 croreTotal revenue · +147.9% YoY
Expenses almost flat at Rs 77.9 croreTotal expenses
Consolidated annual loss for the year was Rs 41.2 croreNet loss · loss narrowed 33.5% YoY
Revenue by fiscal year
Net profit / loss by fiscal year
Bars below the line are a net loss for that year.
| Fiscal year | Revenue | Total expenses | EBITDA | Net profit / loss | Source |
|---|---|---|---|---|---|
| FY2024 | Consolidated revenue from operations of Rs 35.2 crore | Expenses almost flat at Rs 77.9 crore | — | Consolidated annual loss for the year was Rs 41.2 crore | source |
| FY2023 | INR 14.2 Cr (operating revenue) | INR 79.6 Cr | — | Net loss of INR 62 Cr | source |
| FY2022 | INR 11.6 Cr (operating revenue) | INR 44.9 Cr | — | Net loss of INR 28.4 Cr | source |
Nothing here is blurred or gated — every figure Atlas has is shown in full, free.
Sources & corrections.
Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.tofler.in · Last verified 15 Jul 2026. · Report a correction