The company posted that in a stock exchange filing the board approved the allotment of these stock options to those under the Razorpay employee stock option plan. The company expanded its ESOP pool size under its second ESOP buyback in 2022. Those stock options worth $75 million benefited 650 former and current employees. In 2018, around 140 employees liquidated their vested shares under the first ESOP buyback. Razorpay offers a platform supporting various payment methods including net banking, Credit, debit cards, and UPI.

The company provides solutions such as payment links, subscription payments, UPI-based recurring payments, and more. The startup has raised around 800 million USD across multiple funding rounds to date. This includes $375 million secured during its series F funding round at a post-money valuation of 7.5 billion USD from Alkeon Capital Management, TCV, Loen Pine Capital, and other investors.

The development came after the company announced its financial results for FY24. This marks the third time since this fintech firm expanded its employee stock option plan’s pool size. The company plans to launch its Razorpay Venture Investment program for B2B innovators. The fintech firm claims to serve around 300 million end customers across India with an annualized TPV of 180 billion USD. Razorpay plans to shift its domicile from the US to India by the end of 2024. 

The Bengaluru-based startup posted a 24 percent YoY increase in its revenue to Rs 2,068 crore in FY24. However, the net profit increased by 365 percent to Rs 33.5 crore during the same period. The firm’s operating revenue saw a 9 percent YoY increase to Rs 2,475 crore. Razorpay has investors including Peak XV Partners, Tiger Global Management, and Y Combinator. The fintech firm faces competition from other online payment platforms in the same market segment including Pine Labs, Zaggle, Paytm, and Zestmoney.

Conclusion :

Razorpay expanded its employee stock option Plan by allocating Rs 1 lakh worth of stock options for its 3k employees. These newly allocated shares are set to benefit employees across all levels and functions. The banking solution and payment gateway platform provide financial solutions for businesses. This is the third Razorpyay’s Employee Stock Option Plan liquidity program.

The Bengaluru-based fintech firm allows customers to use various payment methods including net banking, credit, debit cards, wallets, and more. The company posted an operational revenue of Rs 2,475 crore in FY24. The startup had a net profit of Rs 365 crore and it competes with other platforms like Paytm and Pine Labs.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

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The startup also earns its income from sales of goods, interest, and other services. Interest on current investment stood at Rs 17 crore. This income increased the total revenue by 76.6 percent to Rs 401 crore in this financial year. The online app-based platform allows small and medium businesses to manage funds effectively. The company also charges interest on the funds utilized. The payment from interest on loans accounted for 80 percent of the total revenue and increased by 2 times to Rs 308 crore in this financial year.

Mintifi has raised around $340 million across multiple funding rounds since its inception, including $180 million secured during its series E funding round from Prosus and GTV. This mix of primary and secondary funding rounds brought the company’s post-money valuation to $840 million. The company’s investors include Elevation Capital, Lok Capital, Premji Invest, and Prosus. The firm’s existing investor, Norwest Venture Partners is the company’s largest institutional investor. The online platform uses advanced technologies to provide the best customer experience. 

The company claims to offer its services to last-mile distribution networks with invoicing, payments, and financial solutions for SMEs across multiple industries. This fintech platform enables companies to manage and record their investment record efficiently. The financial expenses were increased by 54 percent to Rs 54 crore in FY24. The legal, recruitment, training, and other expenses increased the total cost by 44.3 to Rs 277 crore in the same duration. However, the inventory procurement cost stood at Rs 70 crore.

The Mumbai-based startup is focused on improving its platform while offering innovative fintech solutions, positioning it well in the global fintech market. The employee benefit increased by 65 percent to Rs 66 crore in FY24. The EBITDA margin also improved and stood at 46.71 percent while the ROCE was reported to be around 12.2 percent in the same period. The company faces competition with other supply chain financing companies such as Wiz Freight, Veefin, and LendingKart.

Conclusion :

Mintifi announced a 72.2 percent increase in its revenue from operations to Rs 384 crore in FY24. This fintech startup offers an online platform for business loans. The money earned through interest income from the disbursement of loans is the company’s major source of revenue.

The startup reported around a 273 percent increase in its profit to Rs 92.5 crore in FY24. The total expenditure of the firm increased by 44.3 percent and crossed Rs 277 crore in the same duration. Mintifi competes with other online lending platforms like LendingKart and Flexiloans.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

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The firm earns its income from commissions, technical, software subscriptions, and support services. The startup also earns revenue from deposits and non-operating activities. This increased the total revenue to Rs 214.76 crore in this financial year. The online platform provides software for invoice validation, ingestion, and e-invoicing. The support and subscription services accounted for 91.5 percent of the total operating revenue in FY24. 

The startup provides invoicing under three main categories: Supply chain cloud, compliance cloud, and Finance Cloud. The company’s software services saw an 84.1 percent increase to Rs 14.63 crore in this financial year. Clear offers an online platform offering financial solutions with the best customer experience. This fintech startup launched its mutual fund distribution application in 2021 following the approval of a mutual fund distributor license from AMFI. The taxation and financing platform also allows users to simplify tax filing and related services.

The firm’s software support and web hosting expenses increased by 17.7 percent to Rs 39.61 crore in FY24. However, employee benefits decreased by 19.4 percent in this financial year. The company has raised over 140 million USD across multiple funding rounds since its inception, including 75 million USD raised during its series C funding round led by Kora, Stripe, and other investors. This fintech company has investors including Composite Capital Management, Paypal, Kora, and Y Combinator. 

The fintech startup is focused on improving its platform while offering innovative financial solutions, to position itself well in the global market. The company plans to manage losses by reducing operating expenses and employee benefits. The employee benefit increased for this financial year and stood at Rs 202.57 crore in FY24. This includes non-cash ESOP worth Rs 11.78 crore. 

The EBITDA margin remained negative but improved and stood at -40.26 percent in FY24, while the ROCE was reported to be around -334.98 percent in the same period. The firm’s total expenditure decreased by 9.8 percent and crossed Rs 310 crore in the same duration. The company faces competition with other fintech platforms in the same segment such as Wave and Xero.

Conclusion:

Clear announced a 92.9 percent increase in its revenue from operations to Rs 209.84 crore in FY24. This fintech startup offers an online taxation and financial solution platform offering financial services for businesses. This online platform provides loans for working capital to consumers and businesses. These software subscription and support services are the company’s primary sources of revenue. 

The fintech startup reported around a 59 percent decrease in its loss to Rs 96.24 crore in FY24. The company’s total expenses saw a slip of 9.8 percent to Rs 310 crore in the same duration. Clear competes with other online financial platforms including Intuit.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

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The startup plans to use some of this investment to advance its financial services network and enhance its presence in urban and semi-urban areas. The company uses generative artificial intelligence and computer vision models. The platform provides solutions for lending, insurance, and financial analysis. The company aims to strengthen its market presence while increasing its customer base across the fintech market. The startup provides a platform with AI, IoT, and blockchain technologies for the best user experience.

The startup data intelligence platform, tracxn mentioned that before this funding round the firm secured around $300k million across one funding round since its inception. The company secured this amount during its seed funding round from Chattanathan D, Kunal Shah, and other investors in 2022. The company also posted a post-money valuation of $983k. The startup has investors including IIMA Ventures, Brigade REAP, and Inflection Point Ventures. Before this funding round, Brigade REAP was Navanc’s largest institutional investor.

The Bengaluru-based startup solves several challenges and ensures transparent, secure, and reliable transactions in the proptech sector. The company wants to make financial and lending services easily accessible, and transparent to its users. The development came just after the fintech sector saw increased investor interest. Navanc faces competition with other credit-score offering fintech platforms like Dvara E-registry, KarmaLife, and others.

The fintech startup operates its services in six states of India. The firm recently launched its Bharat Vision and aims to expand its reach in all states under this project. The startup plans to use this new investment to enhance its credit decision-making platform while improving portfolio management for the BFSI industry. The investment shows investor’s trust in Navanc’s market potential and business model.

Conclusion :

Navanc is a credit decision-making fintech startup that secured $1 million from Prarambh Ventures in its ongoing seed funding round. The seed round saw the participation of the firm’s new and existing investors including Inflection Point Ventures, Marquee angel investors, and Brigade READ FirstPort Capital. The company intends to use these fresh proceeds to expand its categories, scale its operations, and enhance its platform while strengthening its presence in urban and semi-urban areas.

The credit decision-making platform provides various solutions including financial analysis, collateral reporting, and portfolio management. The company aims to improve its innovation while making its platform secure, transparent, and reliable for the proptech sector. The development came just when the fintech sector saw increased investor interest. This fintech startup faces competition from other credit score offering platforms in the same segment including KarmalIfe and propertyGuru.

Scoopearth Team

Scoopearth team comprises a group of highly skilled professionals with expertise in their niche.  These  Team members have extensive experience in understanding and researching in topics such as startups, technology, artificial intelligence, trending business news, Listicles and  Case Studies . To maintain the highest quality standards, all articles are Manually  reviewed and verified by Niraj Kumar and Deepika Khare, ensuring accuracy, authenticity, and reliability.

Note: You can reach us at support@scoopearth.com with any further queries.

Linkedin Page : https://www.linkedin.com/company/scoopearth-com/

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Entrackr mentioned in its report that the company also earns its income from financial services, and interest on loans. The company reported a 34 times increase in its commission income to Rs 22.58 crore while Rs 69.15 crore came from operating activities in FY24. The co-lending services account for 54 percent of the total operating income and increased by 88 percent to Rs 591 crore in this financial year. The online platform records the detailed history of transactions. 

The startup data intelligence platform, thekredible mentioned that the company has raised over 452 million USD across multiple funding rounds since its inception, including 12 million USD raised during the conventional debt funding round led by Stride Ventures. The platform allows users to access various loaning services through its online application. The employee benefits increased by 75.70 percent and stood at Rs 199 crore FY24. However, the finance cost saw a 16.82 percent increase to Rs 293.53 crore while the legal charges saw a 58.25 percent increase and stood at Rs 125.62 crore in the same fiscal year.

The total expenditure of the firm increased by 49.4 percent to Rs 1022.7 crore in FY24. The startup reported a 5.9 percent decrease in its profits. Lendingkart posted a profit of Rs 174.92 crore for this financial year. The fintech startup offers a secure and seamless user experience during its lending processes. The company intends to minimize its losses by reducing operating expenses and employee benefits.

The fintech firm is focused on improving its business model while offering more innovative financing solutions, positioning it well in the fintech market. The EBITDA margin also improved and stood at 44.39 percent in this financial year while the ROCE was around 23.33 percent in the same duration. The company faces competition with other loan offering platforms such as NeoGrowth, and FlexiLoans.

Conclusion ;

Lendingkart announced a 36.6 percent increase in its operational revenue to Rs 1,090.6 crore in FY24. This fintech startup provides an online lending platform offering financial services for businesses and individual loans. This online platform provides working capital, and business or SME loans for small businesses.

These lending services and income interest are the company’s primary sources of revenue. The startup reported a profit of Rs 174.92 crore in this fiscal year. The total expenditure of the firm increased by 49.4 percent and crossed Rs 1022.7 crore in the same duration. Lendingkart competes with other online lending platforms such as NeoGrowth.

Niraj Kumar

Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.

Reach us: niraj@scoopearth.com

Linkedin Profile:  https://www.linkedin.com/in/digitalnirajj/

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Entrackr mentioned in its report that the firm also earns its income from research service fees, interest on deposits, and investment gains. Interest on gains and income stood at Rs 7.6 crore. This increased the total revenue to Rs 75 crore in this financial year. The online platform also allows users to create portfolios for payments and transactions. The payment fees from brokers accounted for 85.8 percent of the total revenue and increased by 2.6 times to Rs 57.8 crore in this financial year.

The company has raised over 70.9 million USD across multiple funding rounds since its inception, including 41.2 million USD raised during its series C funding round led by Faering Capital, Blume Ventures, and other investors. The startup data intelligence platform, thekredible mentioned that the existing investor Peak XV remained as the firm’s largest external stakeholder followed by Fearing Capital and Blume Ventures.

The company claims to have continued cost-cutting measures by reducing advertising costs. The data intelligence platform, tracxn mentioned that Sequoia Capital is the company’s largest institutional investor. Smallcase offers online fintech services with the best customer experience. This fintech startup enables companies to manage and record their investment record efficiently.

The advertisement and promotion expenses were reduced by 75.8 percent to Rs 16 crore in FY24. The legal, maintenance, rent, and other expenses increased the total cost by 38.6 crore to Rs 108 crore in the same duration. However, 64.8 percent of the overall expenses go to employee benefits. 

The Bengaluru-based startup is focused on improving its business model while offering more innovative fintech solutions, positioning it well in the global market. The employee benefit decreased by 15.7 percent to Rs 70 crore in FY24. The EBITDA margin also improved and stood at -41.33 percent while the ROCE was reported to be around -23.61 percent in the same period. The company faces competition with other companies in the same segment such as MakeMyFund, and StoxBox.

Conclusion :

Smallcase announced a 120.3 percent increase in its revenue from operations to Rs 67.4 crore in FY24. This fintech startup offers an online platform for brokers to facilitate transactions and investments in exchange-traded products. The money earned through transaction fees and interest on gains are the company’s major sources of revenue.

The startup reported around a 74.4 percent decrease in its loss to Rs 34 crore in FY24. The total expenditure of the firm increased by 38.6 percent and crossed Rs 108 crore in the same duration. Smallcase competes with other online investment platforms like MakeMyFund. 

Deepika Khare

Deepika Khare is a seasoned entrepreneur with 10 years of experience across diverse industries, including technology, startups, and business. She has a profound understanding of content marketing strategies and journalism, allowing her to create impactful and result-driven content. With expertise in the startup ecosystem, digital marketing, business coaching, and mentoring, she excels at crafting compelling narratives, optimizing content for engagement, and positioning brands for long-term success in the ever-evolving digital landscape.

Reach us: deepika.khare@scoopearth.com

Linkedin Profile :  https://www.linkedin.com/in/deepika-khare/

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The startup plans to use some of this investment to improve its innovation capabilities and advance its financial services network. The company offers a SaaS-based platform for cash flow management and financial growth processes in SMEs. The platform provides solutions across financial analysis, invoices, payment acceptance, insights, CRM management, payment reminders, and more. The company intends to strengthen its market presence while increasing its customer base across the fintech market. 

The startup data intelligence platform, tracxn mentioned that before this funding round the firm had raised around $9.21 million across two funding rounds since its inception. The company secured 7.11 million USD during its series A funding round from CNVC Investment, White Venture Capital, and other investors in 2022. The company also raised $2.1 million from Stellaris Venture Partners, Omidyar Network India, and others in its seed funding round. CredFlow recently acquired business management startup TechBiz in an all-cash deal.

The fintech startup solves the several challenges faced by SMEs and helps them manage finances through timely insights. The company wants to make financial and lending services easily accessible, and transparent to small businesses. The development came just after the Indian fintech sector saw increased investor interest. CredFlow faces competition with other cash flow management platforms like Indebted, Satago, Sidetrade, and others. 

The Delhi-based startup operates its services in various parts of India and claims to have helped 1.5 Lakh SMEs overcome cash flow problems. The firm’s flagship platform integrated $600 billion worth of invoices. The company recently launched an online credit scoring application called KuberX that crossed 25k monthly active users and is expected to grow its monthly active users by 10 times by the end of next year. The company had a post-money valuation of $24.8 million as of July 2023. The startup reported its annual revenue of Rs 7.31 crore on May 31, 2023. The investment shows the investor’s trust in the market potential and business model of CredFlow.

Conclusion :

CredFlow is an SME-focused fintech startup based in Delhi that secured $3.7 million in its pre-series B funding round co-led by Inflexor Ventures and a Singapore-based family office. The company intends to use these fresh proceeds to expand its offerings, scale its lending and financial services, and enhance its tech capabilities. 

The cash flow management platform provides various solutions including financial analysis, CRM management, and more. The company aims to improve its innovation and performance capabilities. The development came just when the fintech sector saw increased investor interest. The fintech startup faces competition from other companies in the same segment including Indebted.

Deepika Khare

Deepika Khare is a seasoned entrepreneur with 10 years of experience across diverse industries, including technology, startups, and business. She has a profound understanding of content marketing strategies and journalism, allowing her to create impactful and result-driven content. With expertise in the startup ecosystem, digital marketing, business coaching, and mentoring, she excels at crafting compelling narratives, optimizing content for engagement, and positioning brands for long-term success in the ever-evolving digital landscape.

Reach us: deepika.khare@scoopearth.com

Linkedin Profile :  https://www.linkedin.com/in/deepika-khare/

www.scoopearth.com/

Entrackr mentioned in its report that the firm also earns income through subscription fees, gains on investment, and bank deposits. The income from services saw a 29.3 percent increase and stood at Rs 472.2 crore, while the company collected Rs 3.57 crore from subscription fees in FY24. The gain on investment and bank deposits brought the total revenue to Rs 569.47 crore in this financial year.

The company has secured over 450 million USD across multiple funding rounds since its inception, including $80 million raised during its series D funding round from Ontario Teachers’ Pension Plan at a valuation of 1 billion USD. The startup data intelligence platform, tracxn mentioned that Warburg Pincus is the largest institutional investor of the firm. 

The Bengaluru-based startup provides users financial data analysis software and tools while offering SME lending solutions. The online platform uses advanced technologies to provide a seamless user experience. This fintech unicorn serves in the B2B and SaaS market segments. Perfios posted an 820 percent increase in its profit to Rs 71.67 crore in this financial year. The employee benefits decreased and stood at Rs 218 crore in the same duration. 

The cost of amortization and depreciation saw a 13.1 percent increase and stood at Rs 36.3 crore in this fiscal year. The total expenditure of the firm increased by 28.2 percent to Rs 495.5 crore in the same duration. The fintech firm posted a 36.4 percent YoY increase in its employee benefits bringing the total expenditure to Rs 495.5 crore in FY24. The company controlled its losses and saw an increase in its profit. 

The firm aims to control its loss by cost-cutting measures. The legal fees, professional, technology, advertising, and other overheads increased, adding Rs 161 crore to the total expenditure. The EBITDA margin also improved and stood at 20.58 percent while the ROCE was around 7.07 percent. The company offers its services across 18 countries with 1,200 institutions. Perfios faces competition from other fintech platforms such as Jumio and TransUnion.

Conclusion :

The Fintech unicorn Perfios announced a 37.1 percent increase in its operations from revenue to Rs 557.8 crore in FY24. This firm offers data aggregation APIs and a credit-decisioning platform. The software coding and maintenance services and income from gains on investment are the firm’s primary sources of revenue.

The profit also saw an 820 percent increase to Rs 71.67 crore in FY24. The total expenditure of the firm saw an increase of 28.2 percent and crossed Rs 495.5 crore in the same duration The company has secured over 450 million USD across multiple funding rounds to date.

Deepika Khare

Deepika Khare is a seasoned entrepreneur with 10 years of experience across diverse industries, including technology, startups, and business. She has a profound understanding of content marketing strategies and journalism, allowing her to create impactful and result-driven content. With expertise in the startup ecosystem, digital marketing, business coaching, and mentoring, she excels at crafting compelling narratives, optimizing content for engagement, and positioning brands for long-term success in the ever-evolving digital landscape.

Reach us: deepika.khare@scoopearth.com

Linkedin Profile :  https://www.linkedin.com/in/deepika-khare/

www.scoopearth.com/

The application offers its payment processing solutions to businesses and individuals. The payment services are the company’s primary source of revenue. The startup also provides business and consumer payment solutions with POS and billing software.

Entrackr mentioned in its report that the firm earns its income from financial services, the sale of devices, and commissions. The company also earns revenue from interest on deposits and investments. The payment services account for 59 percent of the total operating income and increased 9 percent QoQ to Rs 981 crore in the second quarter of this financial year.

The online platform also allows users to record the detailed history of transactions. The payment services accounted for over half of the total operating revenue in Q2 FY25. The company has raised over 3.48 billion USD across multiple funding rounds since its inception, including 1.26 million USD raised during the angel round led by Mark Schwartz and other investors.

The data intelligence platform, tracxn mentioned that the company’s post-money valuation is around 15.6 billion USD. The platform allows users to shop multi-category consumer products through its online application. The employee benefits account for 38 percent of the total expenses and decreased by 11.2 percent to Rs 709 crore in Q2 FY25. However, technical, finance, legal, software, and other expenses decreased this time compared to the first quarter of this fiscal year. 

The total expenditure of the firm decreased by 9.4 percent to Rs 2,244.8 crore in the second quarter of FY25. The startup reported a huge decrease in its losses and turned profitable. Paytm posted a profit of Rs 930 crore for this quarter.  The Noida-based startup offers a secure and seamless payment platform. The company intends to maintain its profitability by reducing operating expenses and employee benefits.

The fintech firm is focused on improving its business model while offering more innovative payment solutions, positioning it well in the fintech market. The EBITDA margin also improved by Rs 359 crore on a QoQ basis but it remained negative at Rs 186 crore in Q2 FY25. The company faces competition with other companies in the same segment such as PhonePe.

Conclusion :

Paytm announced a 10.5 percent increase in its operational revenue to Rs 1,659.5 crore in the second quarter of FY25. This payment processing platform provides an online platform offering financial services for businesses and individuals. This online platform offers wallet-based payment solutions to consumers and businesses.

These payment services and income from financial services are the company’s primary sources of revenue. The startup reported a profit of Rs 930 crore and turned profitable for this quarter. The total expenditure of the firm decreased by 9.4 percent and crossed Rs 2,244.8 crore in the same duration. Paytm competes with other digital payment platforms such as PhonePe and MoneyGram.  

Niraj Kumar

Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.

Reach us: niraj@scoopearth.com

Linkedin Profile:  https://www.linkedin.com/in/digitalnirajj/

www.scoopearth.com/

Entrackr mentioned in its report that the firm earns its income from payment services, interest on income, and commissions. The company also earns revenue from deposits and investments. This increased the total revenue to Rs 5,725 crore in this financial year. The online platform also allows users to create QR codes for payments and transactions.

The payment services accounted for more than half of the total operating revenue in FY24. The company has raised over 1.01 billion USD across multiple funding rounds since its inception, including 658 million USD raised during its series D funding round led by Tiger Global Management, Ribbit Capital, and other investors.

The company claims to provide a platform for merchant and business payments online. The startup data intelligence platform, tracxn mentioned that General Atlantic is the largest institutional investor of the firm. PhonePe offers online payment services with the best customer experience. This fintech startup enables companies to manage and record their payment record efficiently.

The legal, license, marketing, information technology, and other expenses increased the total expenditure by 74.8 percent to Rs 1,166 crore in FY24. However, 46.45 percent of the total expenses go to employee benefits. This fintech company has investors including Tecent, General Atlantic, and Walmart.

The fintech startup is focused on improving its business model while offering more innovative payment solutions, positioning it well in the global market. The company plans to minimize losses by reducing operating expenses and employee benefits.

The employee benefit increased by 16.4 percent to Rs 3,603 crore in FY24. The EBITDA margin also improved and stood at -14.74% while the ROCE was reported to be around -18.25 percent in the same period. The total expenditure of the firm increased by 31.3 percent to Rs 7,756 crore in the same duration. The company faces competition with other companies in the same segment such as Paytm.

Conclusion :

PhonePe announced a 73.8 percent increase in its revenue from operations to Rs 5,064 crore in FY24. This fintech startup offers an online payment platform offering financial services. This online platform offers credit-based wallet solutions to consumers and businesses.

These payment services and interest on deposits are the company’s primary sources of revenue. The startup reported around a 28.6 percent decrease in its loss to Rs 1,996 crore in FY24. The total expenditure of the firm increased by 31 percent and crossed Rs 7,756 crore in the same duration. PhonePe competes with other online payment platforms platforms including Paytm and more.

Deepika Khare

Deepika Khare is a seasoned entrepreneur with 10 years of experience across diverse industries, including technology, startups, and business. She has a profound understanding of content marketing strategies and journalism, allowing her to create impactful and result-driven content. With expertise in the startup ecosystem, digital marketing, business coaching, and mentoring, she excels at crafting compelling narratives, optimizing content for engagement, and positioning brands for long-term success in the ever-evolving digital landscape.

Reach us: deepika.khare@scoopearth.com

Linkedin Profile :  https://www.linkedin.com/in/deepika-khare/

www.scoopearth.com/