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Capital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting new cheques. Domestic firms and family offices such as those run by Zerodha cofounder Nikhil Kamath, Manipal Group chairman Ranjan Pai, and Premji Invest have backed startups including Subko, Quorum Club, Kites Seniorcare and The Sleep Company.
Freo joins the likes of Navi, Fibe and Kreditbee in profitability, reports positive cash flow over the last four months. They target various consumer segments with innovative financial services, ensuring sustainable business growth and asset quality.
Digital banking platform Freo on Monday said it has achieved profitability and reported gross revenue of Rs 350 crore for FY24.The company mentioned that it has been profitable for the last four months since December 2023."Our remarkable ...
Digital banking platform Freo on Monday said it has achieved profitability and reported gross revenue of Rs 350 crore for FY24.
TECH NEWS News: Freo's FY 2023-24 revenue hit Rs 350 crore. Profitable since Dec 2023, 5X revenue surge with 25M users by FY24. 40% Q4 FY24 contribution margin, diver