It has registered a revenue of INR 415 Cr in FY20, a near 2X hike from FY19
The company expects to continue its profitability run in FY21 as well despite the economic impact of pandemic
Aye Finance raised INR 515 Cr in a mix of equity and debt between April and July 2020
Gurugram-based financial services startup Aye Finance doubled its revenues and increased its loan book from 1,047 Cr to 1,800 Cr in the financial year 2020, the company’s cofounder and managing director Sanjay Sharma revealed.
The company has recorded a revenue of INR 415 Cr in the financial year ending March 31, 2020, a near 2X hike from INR 210 Cr it reported in 2019. The company’s profits have also grown marginally from INR 35 Cr in FY19 to INR 40 Cr in FY20. As far as expenditures are concerned, the company spent on making its tech processes efficient and on employee benefits.
Sharma told Inc42 that Aye Finance…