The fintech startup Clear has witnessed a remarkable 89% surge in revenue, reaching INR 114.3 Cr.

In the fiscal year 2023, Clear experienced a substantial surge in operating revenue, reaching INR 108.8 Cr, marking an impressive 85% increase compared to the INR 58.7 Cr recorded in FY22. However, the company also witnessed a notable rise in total expenditure, which escalated by more than 21% to INR 343.7 Cr in FY23. Despite the revenue boost, Clear faced a net loss of INR 233.5 Cr in FY23, reflecting a nearly 5% growth compared to the INR 222.7 Cr loss in the preceding fiscal year. Clear, established in 2011, highlighted in its financial filings for FY23 that the enhanced revenue is bringing the company closer to achieving its profitability goal.