Train booking and prediction platform Confirmtkt has reported a net profit of Rs 26.73 lakh in FY19. Founded by Sripad Vaidya and Dinesh Kumar Kotha, the Bengaluru-based startup has also registered a 5X increase in operating revenue during FY19 amounting to Rs 4.7 crore, compared to Rs 89,84 lakh in FY18.
According to RoC filing with MCA, the startup’s expenses saw a 4X jump to Rs 4.47 crore during FY19. In the previous fiscal, it reported a net loss of Rs 36.22 lakh.
