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.
