HomeStartupFintech Unicorn slice post Rs 405.8 Crore loss In FY23

Fintech Unicorn slice post Rs 405.8 Crore loss In FY23

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Exclusive: Slice raises debt from Stride Ventures
  1. Garagepreneurs Internet Private Limited (GIPL), the parent company of fintech unicorn slice, experienced a significant increase in net loss, reaching INR 405.8 Cr in FY23. This marks a 60% surge from the net loss of INR 253.7 Cr reported in FY22, according to a report by credit rating agency CARE Ratings.
  2. Quadrillion Finance Private Limited, the NBFC under GIPL, recorded a net profit of INR 2.38 Cr in FY23, a decrease from INR 9.22 Cr in FY22.
  3. slice, a fintech offering personal loans and UPI payments, had previously announced its merger with the North East Small Finance Bank Limited earlier in the year.
  4. In June 2022 slice raised $100 Million at $1.5 Billion valuation
SourceINC 42

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