CosmicTaco

Mintifi Secures $180M Amidst 4X Profit Surge

CosmicTaco · 2024-12-23T10:59:32.136041+05:30

- Mintifi, a supply-chain financing startup, raised $180M in Series E funding co-led by GTV and Prosus after recording a 4X growth in PAT and a 72% increase in operating scale for FY24. - Revenue from operations jumped to Rs 384 crore, with interest income from loans making up 80% of it, while overall revenue reached Rs 401 crore. - Despite rising costs, the firm’s profits spiked to Rs 92.5 crore, with improved ROCE and EBITDA margins, and a potential IPO on the horizon. Source: [Entrackr](https://entrackr.com/fintrackr/mintifi-reports-rs-92-cr-pat-on-rs-384-cr-revenue-in-fy24-8549221)

Mintifi, a supply-chain financing startup, raised $180M in Series E funding co-led by GTV and Prosus after recording a 4X growth in PAT and a 72% increase in operating scale for FY24.
Revenue from operations jumped to Rs 384 crore, with interest income from loans making up 80% of it, while overall revenue reached Rs 401 crore.
Despite rising costs, the firm’s profits spiked to Rs 92.5 crore, with improved ROCE and EBITDA margins, and a potential IPO on the horizon.

Source: Entrackr