Ebitda - Latest News Update, Information, Photos & Videos on Ebitda at Lokmat Times

Bangalore (Karnataka) [India], May 11 (/NewsVoir): Instamojo, India's simplest all-in-one #D2CTech platform for businesses has recorded a 150 per cent Y-o-Y growth to become EBITDA profitable in 2023. The company turned profitable within just two years after announcing its pivot, from being a payment links company to an all-in-one platform that takes care of everything that a business owner needs when selling their products and services online. Instamojo currently offers merchants digital solutions which include online payments, logistics, credit services, a free learning platform called mojoversity and more for businesses and their owners to gain visibility online.Commenting on achieving a key business milestone, Sampad Swain, CEO & Co-founder, Instamojo said, "We are living in a D2C 2.0 era where homegrown businesses are leveraging the power of the internet to acquire a global market for their products and services. However, when business owners decide to go online, they do not have access to a one-stop solution that can help with virtually everything - from setting up their website, to managing their customers on a regular basis. This is where Instamojo comes in. This has proven to be a lucrative market for us in the last two years. With our new avatar as the #D2CTech enablement platform, we are not only championing the cause for every Indian business to go online, but also we remain deeply involved in making the process so intuitive that it becomes second nature. This philosophy has helped our business clock rapid strides of growth while at the same time helping us chart the discourse of a reimagined D2C boom in India."Other stats depicting growth on the platform:- Business enrolment numbers recorded a spike with maximum traction from Mumbai amongst the metros which saw a 746 per cent jump (versus FY22), and Kochi from non metros which recorded a 689 per cent increase- The top 10 Tier II and III towns contributing to business enrolments include: Indore, Guwahati, Ludhiana, Bhubaneswar, Surat, Coimbatore, Nagpur, Kochi, Bhopal, Siliguri- On the other hand, the platform also saw a 15 per cent growth in the number of consumers who have either bought products or availed services via Instamojo- Markets contributing highest revenue: In order of ranking, Bengaluru stood first followed by Delhi/NCR and Mumbai- In terms of D2C category growth on the Instamojo platform, Apparel & Footwear grew by 203 per cent, Arts & Crafts grew by 148 per cent while Food & Grocery grew by 275 per centIt's 2023, we are not a payments' gateway company. Instamojo is the one-stop #D2CTech company, offering an enabling platform for MSMEs and D2C brands, empowering sellers to start, scale, and manage their businesses online. Since its inception in 2012, Instamojo has ably addressed and resolved the last mile needs of its customers, having enabled million+ MSMEs' custodians. Founded by Sampad Swain, Akash Geh, and Aditya Sengupta, Instamojo fuels India's entrepreneurial passion with a continued commitment as a one-stop-solution for business owners. It has raised Series B (2020) and Series A (2014) funding from Kalaari Capital, Blume Ventures, 500 Startups, Gunosy Capital, and AnyPay - a Japanese payments firm. Instamojo is all set to reshape the future discourse in the D2C space by catering to diverse seller needs, powered by the collective force of technology, data and design.This story has been provided by NewsVoir. will not be responsible in any way for the content of this article. (/NewsVoir)Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

EbitdaFOLLOW

Ebitda, Latest News

Mumbai (Maharashtra) [India], May 15 (ANI/PNN): Atam Valves Limited (ATAM) (BSE - 543236 NSE -ATAM), a renowned manufacturer of ... ...

Hyderabad (Telangana) [India], May 15 : Rainbow Children's Medicare on Monday posted a 339 per cent in its profit ... ...

New Delhi [India], May 12 : Hindustan Aeronautics Ltd (HAL) on Friday posted a 9 per cent drop in ... ...

Vadodara (Gujarat) [India], May 12 (/PNN): Wardwizard Innovations and Mobility Ltd., one of India's leading manufacturers of electric two-wheelers ... ...

Mumbai (Maharashtra) [India], May 12 (/NewsVoir): Greaves Cotton Limited, one of India's leading last-mile mobility compes, announced its consolidated ... ...

Mr. Pintubhai Patel, Managing Director, Bombay Super Hybrid Seeds Ltd Financial Highlights: (Rs. in cr) Particulars FY20 ... ...

Rajkot (Gujarat) [India], May 11 (/PNN): Bombay Super Hybrid Seeds Ltd, one of India's top compes in the agriculture ... ...

Bangalore (Karnataka) [India], May 11 (/NewsVoir): Instamojo, India's simplest all-in-one #D2CTech platform for businesses has recorded a 150 per ... ...