Niyo’s revenue surges 2.8X to Rs 131 Cr in FY23

Fintech firm Niyo posted an impressive 2.8X growth in scale in the fiscal year ending March 2023 following a $30 million capital injection from private equity firm Multiples Alternate Asset Management. Notably, the startup also reduced losses in the said period.

Niyo’s revenue from operations increased to Rs 131 crore in FY23 from Rs 47 crore in FY22, according to the company’s consolidated financial statements filed with the Registrar of Companies.