Revenue to be increased five-fold by Ezetap to Rs 750 crore by 2024
- ByStartupStory | March 7, 2022
Ezetap- a top official at a fintech firm today reveals that it has been targeting about five-fold growth in revenue to Rs 750 crore by 2024. It has been driven by international expansion and increase in merchant base has also been seen.
Byas Nambisan, Ezetap CEO and Co-founder said that the company in the next few months is also looking to raise around Rs 450 crore, which will include around Rs 260 crore from the primary market in order to fund the growth plan.
Nambisan said in a statement that by 2024 Ezetap is looking to grow its revenue to Rs 750 crore. By December 2021, they had a revenue of about $20 million (about Rs 150 crore). At present, around 95 percent of our revenue comes from India. By then, about 80 percent has been expected from India.
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