We don't know, and what's significant? Return on investment regardless of size of investment is significant when running any business.
> At some point, fundamentals of the business matter.
I think the fundamental outlined in the article is "Narendra Modi government’s new foreign direct investment norms for digital media," and not described in relation to revenue.
> I think the fundamental outlined in the article is "Narendra Modi government’s new foreign direct investment norms for digital media," and not described in relation to revenue.
That's an opinion piece. The fact is they shut down operations. And if the reason is lack of foreign investment, then it's imminently obvious that they made no profits.
Jio, swiggy, Zomato, Tata motors, Amazon, flipkart, ola, big basket, oyo, Paytm, and the list goes on. Maybe we should shut them all down.