Mintifi’s FY24 Profit Zooms 273% To INR 92.5 Cr

Revenue from operations surged nearly 72% to INR 383.67 Cr during the year under review from INR 223.20 Cr in FY23

Interest income on the disbursement of loans jumped 108% to INR 308.66 Cr in FY24 from INR 148.17 Cr in the previous year

Last month, Mintifi raised $180 Mn in a mix of equity and debt as part of its Series E funding round co-led by Teachers’ Venture Growth (TVG) and Prosus

Supply-chain financing startup Mintifi’s net profit zoomed 273% to INR 92.53 Cr in the financial year 2023-24 (FY24) from INR 24.79 Cr in the previous year on the back of robust growth in its topline and improvement in margins.

Revenue from operations surged nearly 72% to INR 383.67 Cr during the year under review from INR 223.20 Cr in FY23.

The Mumbai-based fintech company primarily earns revenue…