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Economic Times

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Image Credit: Economic Times

Neobanking startup Jupiter posts 5X jump in FY24 operational revenue, trims loss

  • Neobanking startup Jupiter has reported a 5x jump in operational revenue to Rs 35.8 crore in FY24.
  • The company reduced its net loss by 15.5% to Rs 276 crore in the same period.
  • Jupiter generated Rs 16 crore in revenue from lending operations and achieved a net profit of Rs 1.3 crore.
  • The startup offers a digital banking suite and has raised $167 million at a post-money valuation of around $645 million.

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