#thekredible 6 posts

FinBox recorded over two fold rise in scale in FY23

FinBox, a Mumbai-based fintech, more than doubled its revenue to Rs 36.2 crore in FY23.

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FinBox recorded over two fold rise in scale in FY23
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FinBox recorded over two fold rise in scale in FY23

Mumbai based fintech firm FinBox witnessed its top scale rising over two fold to generate a revenue of Rs 36.2 crore in FY23.

Uppercase’s revenue touches Rs 11 Cr in FY23
D2C firm uppercase recorded a whopping rise in its scale to reach a revenue of Rs 11.1 crore in FY23. Operations contributed over Rs 10 crore to the total revenue the same year. Previously, in FY22, the company has generated a revenue of over Rs 2 lakhs; the entirety of the sum came in from operations. Visit - https://thekredible.com/blogs/....uppercases-revenue-t
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uppercase’s revenue touches Rs 11 Cr in FY23, losses widen
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uppercase’s revenue touches Rs 11 Cr in FY23, losses widen

Mumbai-based D2C firm uppercase recorded a whopping rise in its scale to reach a revenue of Rs 11.1 crore in FY23.

SaaS based firm Videoverse’s revenue spike 3X in FY23, losses rise 12X

SaaS based company Videoverse recorded a 3.7X spike in revenue to Rs 1.94 crore in FY23. Videverse has raised over Rs 800 crore through 3 funding rounds. It last raised Rs 374 crore in its Series C round led by Bluestone Equity Partners last December.
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SaaS based firm Videoverse’s revenue spike 3X in FY23
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SaaS based firm Videoverse’s revenue spike 3X in FY23

Mumbai headquartered SaaS based company Videoverse recorded a 3.7X spike in revenue to Rs 1.94 crore in FY23.

Paytm registers revenue of Rs 8400 crore in FY23, losses drop to Rs 1776 crore

Founded by Vijay Shekhar Sharma in 2000, Paytm is a digital payments and financial tech platform with over 300 million Indian users. The Noida-based company serves 20 million merchants and offers services like online shopping, bill payments, and financial products such as loans and insurance. Paytm raised Rs 32,343.13 crore through 16 funding rounds, with Ant Financial holding 23% of shares. In FY23, it showed improvement with a revenue of Rs 8,400 crore, reduced losses of Rs 1,776 crore, and an EBITDA margin of -14%. Paytm has made 23 investments and 14 acquisitions, competing with companies like Cred, Bharatpe, Mobikwik, and PhonePe.

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Paytm registers revenue of Rs 8400 crore in FY23, losses drop to Rs 1776 crore
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Paytm registers revenue of Rs 8400 crore in FY23, losses drop to Rs 1776 crore

According to TheKredible, Paytm witnessed a revenue of Rs 8400 crore in FY23, an improvement from FY22’s Rs 5264 crore.

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