Source Name: Instamojo
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Instamojo Records 150% Y-o-Y Growth, Becomes EBITDA Profitable as of FY23 in its New Avatar
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Bangalore, Karnataka, India
Instamojo, India’s simplest all-in-one #D2CTech platform for businesses has recorded a 150% 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:
About Instamojo |