![Pandemic hits IndiGo; Q1 loss mounts](https://images.assettype.com/fortuneindia%2F2021-07%2Fa378e62a-df51-44d2-a779-0edad4cc2b41%2FIndigo_NB_06645.jpg?w=300&q=95)
Pandemic hits IndiGo; Q1 loss mounts
IndiGo reported a staggering loss of ₹3,174 crore for the first quarter, impacted severely by the pandemic. However, from July onwards it has started to see a measured recovery in passenger demand.
IndiGo reported a staggering loss of ₹3,174 crore for the first quarter, impacted severely by the pandemic. However, from July onwards it has started to see a measured recovery in passenger demand.
The Bengaluru-based IT firm added three customers in the over $100 million bucket during the June quarter.
Overall sales of the auto industry, which has been facing headwinds for more than a year, fell 12.34% to 1,997,952 units in June from 2,279,186 units a year ago.
VC funding in these companies fell 56% to $210 million.