FinBox recorded over two fold rise in scale in FY23
Mumbai-based fintech firm FinBox more than doubled its revenue to Rs 36.2 crore in FY23, with 91% from operations. Founded by Rajat Deshpande, Anant Deshpande, and Nikhil Bhawsinka, FinBox offers digital credit products and credit intelligence. Despite raising Rs 116 crore in 2022, expenses surged to Rs 59 crore, leading to a 21-fold increase in losses to Rs 23 crore.
Mumbai-based fintech firm FinBox more than doubled its revenue to Rs 36.2 crore in FY23, with 91% from operations. Founded by Rajat Deshpande, Anant Deshpande, and Nikhil Bhawsinka, FinBox offers digital credit products and credit intelligence. Despite raising Rs 116 crore in 2022, expenses surged to Rs 59 crore, leading to a 21-fold increase in losses to Rs 23 crore.
Tirex Chargers posted 67% hike in scale in FY23, losses drop 70%
Tirex Chargers, an EV charging company in Ahmedabad, experienced a 67% revenue increase to Rs 13.3 crore in FY23. Offering AC and DC chargers from 7kW to 360kW, it serves various vehicles and has installed 10,000 kW chargers for clients like Foton and Olectra. Despite a 68% rise in expenses, it maintained revenue parity, supported by a Seed round of Rs 15 crore in 2022. Visit - https://thekredible.com/blogs/tirex-chargers-posted-... moreTirex Chargers posted 67% hike in scale in FY23, losses drop 70%
Tirex Chargers, an EV charging company in Ahmedabad, experienced a 67% revenue increase to Rs 13.3 crore in FY23. Offering AC and DC chargers from 7kW to 360kW, it serves various vehicles and has installed 10,000 kW chargers for clients like Foton and Olectra. Despite a 68% rise in expenses, it maintained revenue parity, supported by a Seed round of Rs 15 crore in 2022. Visit - https://thekredible.com/blogs/tirex-chargers-posted-67-hike-in-scale-in-fy23-losses-drop-70
