Easebuzz eyes IPO image credit shutterstock

Boosted by increased market share and profitability, Easebuzz says that it aims to go public in the next two to three years. The verticalised SaaS payments platform has released its earnings for fiscal year 2024. Highlights include annual gross transaction value (GTV) processed by the platform rising by 48%. Revenue rises by 23% to INR2.9bn ($34.6m). The daily volume run rate of the platform touched close to one million transactions.

Easebuzz says it is able to maintain its growth trajectory with a strong focus on verticalisation, personalisation and compliance culture. It has maintained its dominance as one of the largest SaaS based payment solutions providers in the education segment. It reports that over 10,000 institutes rely on its full-stack technology and payment infrastructure.

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On track to post $100m revenue in FY2025

Rohit Prasad, Founder & CEO, Easebuzz, said: “We have experienced phenomenal momentum in FY24 and are on track to cross $50bn GTV and $100m revenue in FY25.  We aim to achieve this growth while maintaining our strong record of profitability. Our technology-centric approach, focus on personalised solutions and compliance driven culture has fostered trust among leading enterprises and government organisations.

Driven by the vision and laudable policies of the government & RBI, Indian economy is set to become more and more formalised & digitised. This presents a potential opportunity for Easebuzz to take part in our country’s growth journey and capitalize on the surging demand, creating more revenue channels through our software solutions and payment products. With increased market share and profitability at the core, we also aim to go public in the next two to three years”.

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