Is Instamojo profitable?

He added that they clocked a revenue of Rs 42 crore in FY22 and aim to achieve profitability by the end of 2022. Instamojo, which has been in the market for a decade now, pivoted from fintech to ecommerce facilitation. It offers digital tools to help SMBs and D2C businesses to open their online stores.

newindianexpress.com - Instamojo looks to be profitable by December - The New Indian Express

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Uma Kannan By

Express News Service

BENGALURU: Instamojo, an e-commerce platform for D2C brands, is looking to be profitable by the end of this year. Its e-commerce vertical accounted for 18% of its total turnover for the first quarter of this year compared to 3% on a year-on-year (YoY) basis. “We plan to expand the capabilities of e-commerce store builder and landing page builder significantly, adding options for more integrations and easier set up,” Sampad Swain, co-founder and CEO, Instamojo told TNIE. He added that they clocked a revenue of Rs 42 crore in FY22 and aim to achieve profitability by the end of 2022. Instamojo, which has been in the market for a decade now, pivoted from fintech to ecommerce facilitation. It offers digital tools to help SMBs and D2C businesses to open their online stores. Since February 2021, the brand has recorded a 400% YoY growth in its first year post the launch of the beta version. Swain said they plan to make the product accessible to millions of micro and small businesses who want to start their online brand presence and unlock new monetisation opportunities. Backed by Blume Ventures and Kalaari Capital, among others, over 4 lakh merchants have been onboarded with Instamojo over past year. BENGALURU: Instamojo, an e-commerce platform for D2C brands, is looking to be profitable by the end of this year. Its e-commerce vertical accounted for 18% of its total turnover for the first quarter of this year compared to 3% on a year-on-year (YoY) basis. “We plan to expand the capabilities of e-commerce store builder and landing page builder significantly, adding options for more integrations and easier set up,” Sampad Swain, co-founder and CEO, Instamojo told TNIE. He added that they clocked a revenue of Rs 42 crore in FY22 and aim to achieve profitability by the end of 2022. Instamojo, which has been in the market for a decade now, pivoted from fintech to ecommerce facilitation. It offers digital tools to help SMBs and D2C businesses to open their online stores. Since February 2021, the brand has recorded a 400% YoY growth in its first year post the launch of the beta version. Swain said they plan to make the product accessible to millions of micro and small businesses who want to start their online brand presence and unlock new monetisation opportunities. Backed by Blume Ventures and Kalaari Capital, among others, over 4 lakh merchants have been onboarded with Instamojo over past year.

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Who has the highest followers on Instagram?

As of 20 December 2022 the most-followed person is Portuguese footballer Cristiano Ronaldo with over 519 million followers, and the most-followed woman is American reality television personality Kylie Jenner with over 375 million followers.

en.wikipedia.org - List of most-followed Instagram accounts - Wikipedia

This article is a list of the top 50 accounts with most followers on the photo and video-sharing social platform Instagram.[1][2][3] As of 21 December 2022 the most-followed person is Portuguese footballer Cristiano Ronaldo with over 520 million followers, and the most-followed woman is American reality television personality Kylie Jenner with over 375 million followers. Instagram's own brand account on the platform is the most-followed account overall, with over 580 million followers. Nike is the second most-followed brand account, with over 257 million followers. A total of 35 accounts have exceeded 100 million followers on the platform, with 19 of those having exceeded 200 million followers, 8 of those having exceeded 300 million, 3 exceeding 400 million and 2 exceeding 500 million.

Most-followed accounts

Notes

^ He is also the most-followed man and European on Instagram. ^ She is also the most-followed North American on Instagram.

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