Juspay cuts losses by 7.7% as revenue surges 49.6% in FY24

Quick Summary:

The SoftBank-backed fintech firm's revenue from operations surged 49.64% to Rs 319.32 crore, up from Rs 213.39 crore in FY23.

It narrowed its total loss for the period to Rs 97.54 crore, down 7.76% from Rs 105.75 crore in FY23.

Recently, Juspay decided to spin off Namma Yatri as an independent entity to attract separate investors and scale further.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Startup Privacy Services Policy Losses Revenue Expenses Payments Fy23 Juspay Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 09:42:45 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 311 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 15 words per sentence (average)

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News ID: 23460042

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