Amazon-backed M1xchange’s scale grows 2X in FY23, losses shrink

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M1xchange, a platform that facilitates digital invoicing and discounting for MSMEs, corporates, and financiers, has posted over two-fold growth in its operating scale during the fiscal year ending March 2023. The company also managed to cut down losses marginally. M1xchange’s revenue from operations grew to Rs 29.52 crore during FY23 as compared to Rs 14.32 …

The post Amazon-backed M1xchange’s scale grows 2X in FY23, losses shrink appeared first on Entrackr.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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Amazon-backed M1xchange’s scale grows 2X in FY23, losses shrink

M1xchange, a platform that facilitates digital invoicing and discounting for MSMEs, corporates, and financiers, has posted over two-fold growth in its operating scale during the fiscal year ending March 2023. The company also managed to cut down losses marginally. M1xchange’s revenue from operations grew to Rs 29.52 crore during FY23 as compared to Rs 14.32 …

The post Amazon-backed M1xchange’s scale grows 2X in FY23, losses shrink appeared first on Entrackr.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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