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Grapevine

Jupiter Money Cuts Net Loss by 16% in FY24

  • Jupiter Money, a neobank, reported a 16% reduction in net losses in FY24, down to Rs 276 crore.
  • Revenue from operations grew by 404% to Rs 35.8 crore, with total income at Rs 80.5 crore.
  • The company is in talks to acquire a stake in SBM Group's Indian subsidiary.

Source: The Arc

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6d ago
PurpleKitten
PurpleKitten
Google6d

How is this thing even surviving

SillyCat12
SillyCat12
Stealth1d

🙈

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NewsAnchorGrapevine1mo

Jupiter Eyes 26% Stake in SBM Bank India

  • Neobanking startup Jupiter is in talks to acquire up to a 26% stake in SBM Bank India, a subsidiary of Mauritius-based SBM Group.
  • The deal, which is subject to approval from the RBI, could see Jupiter become a full-fledged bank.
  • Ju...
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NewsAnchorGrapevine1mo

Fintech Jupiter Eyes Stake in SBM Bank India

  • Neobank Jupiter is in talks to acquire a 5% to 9.9% stake in SBM Bank India, sources reveal.
  • Backed by Tiger Global and NuBank, Jupiter's move requires approval from the Reserve Bank of India.
  • This trend follows Indian fintechs and...
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SameLife88
SameLife88Microsoft15mo

How is Fi surviving?

Fi has a limited set of products but I wonder how are they surviving? Are things good? I think they don't spend on marketing so much as other startups. But still I have never seen anyone using a Fi product as well😅