May 21, 2024
Humans of Bombay – Founded in 2014 After filing a copyright lawsuit against People Of India, the financial details of Humans of Bombay (HoB) came to the forefront. Reports indicate that HoB turned a noteworthy Rs 3.2 crores in profits.
Meesho – Founded in 2015 Meesho proudly announced reaching profitability at the consolidated profit after-tax level. The previous year witnessed a remarkable 43 percent increase in orders, hitting a milestone of 1 billion orders, accompanied by a substantial 54 percent boost in revenue.
Physics Wallah – Founded in 2020 Physics Wallah, a venture monetized in 2020, has reported three consecutive years of profitability, with FY23 profits reaching Rs 108 crore, Forbes reported.
Groww – Founded in 2016 Groww, facilitating investor access to financial offerings, recorded a significant increase in net profit, exceeding 2.5 times the previous figure to reach Rs 6.8 crore in the fiscal year 2022.
Mamaearth – Founded in 2016 Mamaearth reported a net profit of nearly Rs 20 crore, coupled with an impressive 102 percent increase in revenue, reaching Rs 952 crore during the fiscal year.
Udaan – Founded in 2016 Udaan’s Capital division, offering credit services, reported a 10% revenue growth to Rs 73.29 crore in FY22. However, profit decreased from Rs 2.27 crore to Rs 1.26 crore during the same period.
Infra.market – Founded in 2016 Infra.Market, a construction goods and services platform, showcased impressive growth, expanding 17 times compared to FY20, surpassing Rs 6,200 crore in FY22, accompanied by a 21-fold increase in profits.
Oxyzo – Founded in 2016 Oxyzo nearly tripled its after-tax profit to Rs 197 crore in FY23, compared to Rs 69 crore in FY22. Simultaneously, its income surged substantially, reaching Rs 562 crore from Rs 313 crore, meeting the credit requirements of over 5,000 MSMEs.