Thursday, May 2 2024 | Time 08:21 Hrs(IST)
image
Business EconomyPosted at: Apr 11 2024 5:45PM


Rupyy achieves $2 bn ARR milestone in FY 23-24

Hyderabad, Apr 11 (UNI) Rupyy, India’s leading lending fintech platform in the financing industry, on Thursday said it has achieved a remarkable milestone by clocking an annualized loan disbursal run rate of around $2 billion in FY 23-24.
The achievement can be credited to its strategic collaborations with 37 distinguished banks and Non-Banking Financial Companies (NBFCs), the Fintech company said in a release.
These efforts have significantly contributed to the company's growth.
Rupyy has also rolled out innovative technological solutions, such as digiPartner and digiQode.
Presently, Rupyy boasts a widespread distribution network that includes 14,000 distributors across 1,500 cities.
Aiming for significant revenue growth, the company plans expanding its footprint to over 2,000 cities across the country.
It intends to solidify its leadership position in the used car financing market share, targeting a 20 per cent market share in used car loans, the release said..
Rupyy CEO and Founder Namit Jain, said "This achievement is a testament to the hard work and unwavering dedication of our exceptional team members. I am confident that together, we are unstoppable. In the future, our focus will continue to be on fortifying our presence across the length and breadth of India. On the back of many emerging technologies, we will continue to stay at the forefront of innovation ultimately creating value for our customers, partners, and stakeholders.”
Going ahead, the company intends to build co-lending partnerships with financing partners to bring forth more innovative customer experiences, particularly targeting segments that have been underserved by digital India.
UNI KNR CS
Please log in to get detailed story.
Tags: #Rupyy achieves $2 bn ARR milestone in FY 23-24
More News

Jindal Stainless announces Rs 5,400 crore strategic investment

01 May 2024 | 8:06 PM

New Delhi, May 1 (UNI) Jindal Stainless on Wednesday announced a three-pronged investment strategy worth nearly Rs 5,400 crore to expand its capacity and become a key player globally in the stainless steel sector.

see more..

TVS register 25% sales growth in April

01 May 2024 | 5:45 PM

Chennai, May 1 (UNI) Two and three-wheeler makers TVS Motor Company registered a 25% growth
with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.

see more..

Adani Wilmar Food & FMCG segment reaches milestone of almost INR 5,000 Cr in FY’24, and nearly doubles in 2 years

01 May 2024 | 5:44 PM

Ahmedabad, May 01 (UNI) Adani Wilmar’s sales volume continued to grow well, witnessing strong volume growth in both edible oils and foods businesses during the quarter and for the full year, driven by increased retail penetration.

see more..

TVS Motor Company registers sales growth of 25 pc in April 2024

01 May 2024 | 5:33 PM

Bengaluru, May 01 (UNI) TVS Motor Company has registered a growth of 25 per cent with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.

see more..

Hyundai register sales of 63,701 units in April

01 May 2024 | 5:19 PM

Chennai, May 1 (UNI) Passenger car makers Hyundai Motor India registered a total sales
of 63,701 units (Domestic 50,201 units and exports 13,500 units) in April this year, posing
a YoY growth of 9.5 per cent.

see more..
image