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Meritnation reports Rs 21.59 Cr revenue, Rs 22.72 Cr EBITDA loss for 2014-15

Meritnation has reported operating revenues of Rs 21.59 crore for the financial year ended March 31, 2015 (FY15), up marginally by 6.45% from Rs 20.28 crore operating revenues in the previous year. However, the operating EBITDA loss decreased by 20.4% to Rs 22.72 crore for the year, down from Rs 28.53 crore loss in the previous year. Info Edge currently owns a majority 56% stake in Meritnation's parent company Applect Learning Systems, having invested around Rs 96.8 crore into the company across six different rounds. This includes: - Rs 25 crore in June 2015. - Rs 10 crore in December 2013. - Rs 30 crore in February 2013. - Rs 20 crore in September 2011. - Rs 5 crore in May 2010. - Rs 6.5 crore in Jully 2008. MeritNation caters to school students (Class 1-12) across various educational boards like CBSE, ICSE, Maharashtra state board (MSBSHSE), Karnataka state…

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