In a landscape teeming with buzzwords like disruption, innovation and scalability, the stark reality of numbers often tells a different story. While 30 leading new-age tech companies in India have released their FY23 financials, the performance figures offer a cautionary tale. 

Despite a cumulative operating revenue of a staggering INR 62,286 Cr, 14 of these companies reported a combined loss of INR 9,973 Cr in FY23. In contrast, the rest managed to eke out a collective profit of INR 1,337 Cr. The divide becomes more intriguing considering 18 of these companies