IppoPay witnesses 6X rise in topline in FY23, profits surge
Chennai-based fintech IppoPay experienced a remarkable 6X revenue growth, reaching ₹329.77 crore in FY23, up from ₹48.25 crore in FY22. Founded in 2022 by Mohan Karuppaiah and Jai Kumar, IppoPay operates as a payment aggregator, offering solutions like QR codes, sound boxes, and POS systems. The company has raised ₹17.33 crore in funding across three rounds, with its latest seed round in August 2024, and is valued at over ₹90 crore. Wh... moreIppoPay witnesses 6X rise in topline in FY23, profits surge
Chennai-based fintech IppoPay experienced a remarkable 6X revenue growth, reaching ₹329.77 crore in FY23, up from ₹48.25 crore in FY22. Founded in 2022 by Mohan Karuppaiah and Jai Kumar, IppoPay operates as a payment aggregator, offering solutions like QR codes, sound boxes, and POS systems. The company has raised ₹17.33 crore in funding across three rounds, with its latest seed round in August 2024, and is valued at over ₹90 crore. While revenues soared, expenses also surged 16X to ₹157.38 crore, mainly due to commissions. Profits increased to ₹128.48 crore from ₹28.98 crore in FY22. Despite the growth, the EBITDA margin fell to 53.45%, while ROCE rose to 98.66%.
🚀 Boost Your Business Insights with AI Survey Tools! 🚀
Are you looking for a way to gather customer feedback more efficiently and tailor your services to meet their needs? <a href="http://theysaid.io/farhan">AI surveys</a>
can be a game-changer for your business! By using AI-powered surveys, you can:
Collect real-time feedback
Personalize customer experiences
Analyze data quickly and effectively
These insights help you make smarter decisions and grow your business faster. Ready to harness... more🚀 Boost Your Business Insights with AI Survey Tools! 🚀
Are you looking for a way to gather customer feedback more efficiently and tailor your services to meet their needs? <a href="http://theysaid.io/farhan">AI surveys</a>
can be a game-changer for your business! By using AI-powered surveys, you can:
Collect real-time feedback
Personalize customer experiences
Analyze data quickly and effectively
These insights help you make smarter decisions and grow your business faster. Ready to harness the power of AI? Let's dive into the future of customer feedback!
The E-commerce market in the Netherlands is projected to experience an annual growth rate of 8.49%, reaching a total of US$43.3 billion by 2023. Anticipated to maintain a steady upward trajectory...
GTT Communications, Inc., a prominent global provider of managed network and security services for multinational enterprises, has successfully migrated Röchling Automotive's worldwide networ...
Are you an entrepreneur or business owner seeking to revolutionize your industry with a cutting-edge app? Look no further! Our team of skilled developers is now ready to craft personalized, Custo...
Communications Platform as a Service (CPaaS) is a cloud-based solution enabling organizations to enhance their applications and workflows with communication features like messaging, voice, video,...
An enterprise fraud management solution gives you the freedom to grow while covering a wide range of fraud issues across your whole organization. These solutions make things smoother for custom...