Probo posts Rs 450 Cr revenue and Rs 92 Cr profit ...
Автор: NewsTok - Global News in Short-Form Videos!
Загружено: 2025-02-05
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Event-based trading platform Probo has recorded exceptional growth in revenue and profits. In FY24, Probo's revenue soared to Rs 459 crore, a 53X increase from Rs 26 crore in FY22. Net profit also surged 25X to nearly Rs 100 crore.
Probo's success is attributed to platform fees, which accounted for 97.8% of revenue. Advertising and promotion expenses were significant at Rs 271 crore, driven by collaborations with YouTube influencers. Despite substantial costs, Probo's controlled expenses and strong revenue growth resulted in a significant profit margin. The company is well-funded and profitable, with investors including Peak XV, Elevation Capital, and The Fundamentum Partnership.
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