Easebuzz Revenue Surges To Rs 290 Cr In FY24, Eyes IPO In Next 2-3 Years

Verticalised SaaS payments platform Easebuzz released its financial numbers for FY24. The annual gross transaction avlue (GTV) processed by the platform during the year crossed Rs 1,00,000 Crore, a 48 per cent growth rate compared to FY23. With a rapidly expanding merchant base touching 1,50,000 mark, the platform experienced a year-on-year revenue growth rate of 23 per cent, taking the revenues to Rs 290 Crore.

The daily volume run rate of the platform touched close to 1 million transactions.

Easebuzz claimed to maintain its growth trajectory with focus on verticalization, personalization, and compliance culture. With a robust tech and product suite, Easebuzz further claimed that it maintained its dominance as a SaaS-based payment solutions provider in the Education segment, with over 10,000 institutes relying on its full-stack technology and payment infrastructure.

Rohit Prasad, Founder and CEO, of Easebuzz, said, "We have experienced phenomenal momentum in FY24 and are on track to cross USD 50 Bn GTV and USD 100 Mn revenue in FY25.  We aim to achieve this growth while maintaining our strong record of profitability. Our technology-centric approach, focus on personalized solutions and compliance-driven culture has fostered trust among leading enterprises and government organizations. Driven by the vision and laudable policies of the government & RBI, the Indian economy is set to become more and more formalized & digitized. With increased market share and profitability at the core, we also aim to go public in the next 2 to 3 years”.

As per a press release, Easebuzz is enabling digital payment infrastructure for some of the marquee clients like Symbiosis University, Parul University, State GRAS, Noida Power Corporation, BSES Rajdhani Power, GoKwik, IRCTC, DLF, Brigade, BigBasket, MTDC, etc.