M2P Fintech Raises ₹850 Crore from Helios and Others for Strategic Acquisitions
Expansion Strategy Fueled by Funding
M2P Fintech has successfully raised ₹850 crore in funding, a considerable amount directed towards acquiring companies to accelerate its growth strategy. As expressed by CEO Madhusudanan R., a significant portion will aid in entering new markets rapidly.
Funding Details and Company Valuation
This funding round, which includes both primary and secondary share sales, elevates M2P's valuation to over ₹6,550 crore. The existing investor, Flourish Ventures, actively participated in this round, showcasing continued confidence in M2P's vision.
Focus on International Markets
M2P, headquartered in Chennai, aims to enhance its footprint in Africa and the ASEAN region. Currently, the company boasts operations in over 30 markets, including the Middle East and Oceania, diversifying its global presence.
Financial Performance Overview
With M2P Fintech's revenues soaring to ₹440.7 crore in FY23, the company continues to show robust growth despite recording significant losses. Madhusudanan anticipates a shift toward profitability as revenue streams diversify and expand internationally.
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