Fintech unicorn OneCard spent Rs 1,000 Cr to earn Rs 500 Cr in FY23
26 October 2023
Mobile-first credit card startup OneCard, run by FPL Technologies, entered the coveted unicorn club after a $100 million round led by Temasek during the initial phase of FY23. The funding seems to have helped the firm grow its revenue by more than six times during that fiscal year.
OneCard’s revenue from operations surged 6.4X to Rs 541 crore in FY23 from Rs 83.7 crore in FY22, according to its annual financial statements filed with the Registrar of Companies.
Mobile-first credit card startup OneCard, run by FPL Technologies, entered the coveted unicorn club after a $100 million round led by Temasek during the initial phase of FY23. The funding seems to have helped the firm grow its revenue by more than six times during that fiscal year.
OneCard’s revenue from operations surged 6.4X to Rs 541 crore in FY23 from Rs 83.7 crore in FY22, according to its annual financial statements filed with the Registrar of Companies.
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