Gupshup India posts Rs 1,619 Cr income and Rs 49 Cr profit in FY23
Gupshup, a profitable unicorn, reported a 43% increase in India revenue to Rs 1,619 crore in FY23. Despite overseas market earnings not included, the company's financials are robust. Gupshup, backed by Tiger Global, offers a messaging API for platforms like WhatsApp. Its FY23 expenditure rose, with business solution provider fees accounting for 69%. However, optimized cost management led to a 22.5% profit increase to Rs 49 crore. Gupshup, despite Fidelity's valuation markdown, appears well-positioned for growth with diverse offerings and market insights.
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https://entrackr.com/2024/01/g....upshup-india-posts-r
