According to media reports, the company attributed this achievement to its strategic focus on automation and cost efficiencies, which have helped drive operational leverage
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The company closed the Series B round which saw investments from Peak XV, Lightspeed Ventures, TVS Capital, and Lightrock, among others
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The fintech industry has witnessed a total capital infusion of USD 337 million thus far in 2024, with 148 companies in the enablers segment, 122 in the lending segment, and 33 in the payments segment receiving funding
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The company aims to expand its branch network to over 160 branches and achieve assets under management (AUM) of Rs 1,400 crore by March 2025
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