Believe Pte Ltd, a Singapore-based consumer products startup with a significant presence in India, reported a nearly threefold increase in its net loss for the year ended March 31, 2022, according to regulatory filings.
The company posted a net loss of $73.6 million for FY2022, while its revenue jumped 3.5x to $21.8 million, according to its filings with Singapore’s Accounting and Corporate Regulatory Authority.