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Indian fintech unicorn Perfios posts 819% profit growth

Perfios, an Indian fintech unicorn, recorded an 819.2% increase in its consolidated net profit, achieving 71.7 crore rupees (around US$8.6 million) in the fiscal year 2024.

This follows a net profit of 7.8 crore rupees (around US$919,500) in the previous fiscal year.

The company reported a 37.1% rise in revenue from operations, reaching 557.8 crore rupees (around US$65.7 million) in FY24, up from 406.8 crore rupees (around US$47.9 million) in FY23.

The company joined the unicorn club earlier this year, securing US$80 million from Teachersโ€™ Venture Growth.

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