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IppoPay experiences 94% revenue decline in FY24, swings to losses
Chennai-based fintech startup IppoPay experienced a 94% revenue drop, falling to Rs 18.12 crore in FY24. The company, founded in 2022, has raised Rs 17.33 crore in funding and reported losses of Rs 52.40 crore amid declining expenses and negative margins.
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Tickertape’s revenue scales 2.4X in FY23, losses rise to Rs 35 Cr
Bengaluru-based fintech Tickertape grew 2.4X to Rs 7.4 crore in FY23, with operating revenue at Rs 7 crore, up from Rs 3 crore in FY22. Founded by Kamath, Shrivastava, and Gupta, it offers investment analysis tools. Despite rising expenses and losses, it raised Rs 40 crore in 2021.
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UniScholars posted 2X rise in revenue in FY23, expenses follow
UniScholars, an online scholarship platform, saw substantial growth in FY23 with revenue hitting Rs 34.6 crore, up 2.6X from the previous year. Despite expenses surging, it remains a premier counseling hub for students pursuing education abroad.
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About
The Kredible is a data platform that crunches critical numbers of Indian startups across domains such as e-commerce, fintech, healthcare, edtech among others. Our goal is to provide company insights and data for anyone to filter noise and evaluate startups solely through numbers.
