SME-focused fintech company Instamojo has recorded 2.6X jump in revenue to Rs 16.36 crore in FY18 while losses were controlled by over 96% to Rs 11.61 lakh. As per RoC filings, the company’s expense witnessed a hike of 73% to Rs 16.47 crore.
Employee benefit accounted for 42.9% of overall expenses. Three months ago, Instamojo raised about $7.75 million in its Series B funding led by Japan’s Anypay.
