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  • IppoPay experiences 94% revenue decline in FY24, swings to losses

    Chennai-based fintech startup IppoPay experienced a drastic 94% revenue decline, dropping from Rs 329.77 crore in FY23 to Rs 18.12 crore in FY24. Founded in 2022 by Mohan Karuppaiah and Jai Kumar, IppoPay functions as a payment aggregator, offering solutions such as QR codes, sound boxes, and lending options. The company has raised Rs 17.33 crore in funding over three rounds, with its latest seed funding in August 2024. Despite a valuation exceeding Rs 90 crore, IppoPay reported losses of Rs 52.40 crore in FY24, down from profits over Rs 100 crore in FY23. Key expenses included employee benefits, advertising, and professional fees, contributing to negative EBITDA and ROCE margins.

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    IppoPay experiences 94% revenue decline in FY24, swings to losses Chennai-based fintech startup IppoPay experienced a drastic 94% revenue decline, dropping from Rs 329.77 crore in FY23 to Rs 18.12 crore in FY24. Founded in 2022 by Mohan Karuppaiah and Jai Kumar, IppoPay functions as a payment aggregator, offering solutions such as QR codes, sound boxes, and lending options. The company has raised Rs 17.33 crore in funding over three rounds, with its latest seed funding in August 2024. Despite a valuation exceeding Rs 90 crore, IppoPay reported losses of Rs 52.40 crore in FY24, down from profits over Rs 100 crore in FY23. Key expenses included employee benefits, advertising, and professional fees, contributing to negative EBITDA and ROCE margins. #IppoPay #Fintech #PaymentAggregator #StartupNews #FundingRound #ChennaiStartups #StartupFunding #Entrepreneurship #TechNews #FintechStartups #BusinessInsights #StartupChallenges #TheKredible #News https://thekredible.com/blogs/ippopay-experiences-94-revenue-decline-in-fy24-swings-to-losses
    THEKREDIBLE.COM
    IppoPay experiences 94% revenue decline in FY24, swings to losses
    Chennai-based fintech startup IppoPay saw a 94% revenue drop, declining from Rs 329.77 crore in FY23 to Rs 18.12 crore in FY24.
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  • Fire Bee Techno Services is an Top-Notch Binance Clone Scripts Provider, specializing in creating customizable and scalable crypto exchange platforms. Known for meeting specific business needs, the company delivers optimized user experiences with advanced security features. Their Binance clone scripts ensure faster time-to-market, enabling crypto entrepreneurs to capitalize on the evolving market.

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  • Navigating the Path to Entrepreneurship: Securing a Start-Up Business Loan

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  • Hire a Shopify Expert to Create Your Custom Print-On-Demand Store Today

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  • Navigating Business Loan Interest Rates A Comparison Guide for Singaporean Entrepreneurs

    Securing funding is a pivotal step for any business, especially for entrepreneurs in Singapore's vibrant market. Whether it's for expansion, cash flow management, or investment in new ventures, business loans play a crucial role. 

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  • Navigating Business Loan Interest Rates A Comparison Guide for Singaporean Entrepreneurs

    Securing funding is a pivotal step for any business, especially for entrepreneurs in Singapore's vibrant market. Whether it's for expansion, cash flow management, or investment in new ventures, business loans play a crucial role. 

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