Easebuzz, a prominent digital payments platform in India, has announced a doubling of its scale to Rs 230 crore in FY23. Since its inception, the company has maintained profitability.
During the year, the Gross Transaction Value (GTV) processed by Easebuzz reached a remarkable INR 70,000 Crores, representing a growth rate of 2.5x compared to FY22. The platform’s daily volume run rate peaked at 400K transactions.
With a revenue of INR 236 Crores ($29Mn), Easebuzz experienced over 90% growth. The acquisition of a payment gateway license in August 2022 played a pivotal role in expanding the company’s scale.
Nitin Gupta, the CEO of Easebuzz, expressed excitement about the growth momentum and the company’s commitment to providing innovative payment solutions to customers. Emphasizing customer experience and product innovation as focal points, Gupta highlighted their contribution to achieving growth goals.
Easebuzz’s success reflects the increasing demand for digital payments in India, positioning the company for sustained growth in the future.
Several factors contributed to Easebuzz’s growth in FY23, including the rising adoption of digital payments in India, the company’s strong focus on enhancing customer experience, the introduction of new products and features, and the acquisition of new customers.
