Thursday, April 18, 2024
Outlook.com
Outlook India
Outlook Business

Diversification

The company recently reported a 68 per cent YoY fall in net profit and is seeking to diversify its offerings and invest in AI and machine learning capabilities

Based on Sansera's projected FY24 EBITDA this investment would result in an approximately 21 per cent stake in MMRFIC

Despite the downturn in growth-stage financing, the report notes a sharp rise in angel investments and continued confidence in accelerating business growth in 2023