LatestOne.com, an e-commerce firm that sells gadget accessories, posted revenues of Rs 13.91 crore for the third quarter ended December 31, 2017, showing a growth of 18 per cent over the revenues in the previous quarter.
“We have become margin positive for seven consecutive quarters. While the quarterly revenue is steadily raising, the burn rate is decreasing quarter on quarter. The number of orders processed per day has increased from 3,500 to 5,000 in the last nine months,” the firm has said in a statement. It said losses showed a decrease in the quarter.