A23 achieves revenue of Rs 1,050 crore in FY23, witnessing a remarkable surge in profits by 2.8 times
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2024
3
English
India
Abstract
Entrackr,Fintrackr,News,Startups,StartupNews,A23,IndianStartups
A23's revenue from operations experienced a robust growth of 45.4%, reaching Rs 1,050 crore in FY23, compared to Rs 722 crore in FY22, according to its consolidated financial statement filed with the Registrar of Companies- as per Entrackr report.
The only revenue the company received in the previous fiscal year came from commission earned on the pool prize upon winning the game. In addition, A23 received Rs 21.4 crore in non-operating income, bringing the total revenue for FY23 to Rs 1,072 crore.
The company runs five games: rummy, fantasy, poker, carrom, and pool, and it claims to have over 5 crore participants on its platform.
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