Easebuzz’s revenue up to Rs 236 cr in FY23, plans to go public in 3-4 years

Pune-based Fintech firm Easebuzz said on Monday that the company’s revenue increased by 90 percent to Rs. 236 crore in FY23, and that the platform processed a gross transaction value (GTV) of more than Rs. 70,000 crore in the same year.

The company said it has been “profitable since its inception” and plans to go public in the next 3-4 years.

“Easebuzz’s strong performance in fiscal year 2023 reflects our commitment to providing integrated, sector-specific solutions for online payments and digital commerce. Our greatest realization has been that we are able to continually grow the portfolio share of merchants transacting on our platform,” said Siddharth Dhani, Chief Financial Officer at Easebuzz. .

The digital payments platform is looking to capture a share of India’s $10 trillion market opportunity by transitioning to a financial operating system (FOS) for businesses across the country by 2026.

The company has sector-specific payment solution groups for education, e-commerce – D2C and marketplaces, real estate, travel and hospitality, and BFSI (banking, financial services, and insurance), among others.

Its clients include IRCTC, BigBasket, Symbiosis University, MTDC, Akshaya Patra and DLF.

The company was founded in 2014 as a payment gateway platform. The company serves more than one company of all sizes in the country.

The company serves businesses with digital payment suites, smart invoicing, payment links, expense management, subscription payments, connected banking, and automatic reconciliation with analytics and reports.

In a statement, the company said: “(In Q1 FY24), Easebuzz reported an annual revenue run rate of $35 million, and is targeting to exceed $100 million in revenue run rate over the next 12-18 months.