Online gaming firm Zupee turns profitable in FY24, revenue up 35%

Online gaming platform Zupee registered its first full-year profitability since inception in FY24, the company’s co-founder and chief executive officer Dilsher Singh Malhi said on Tuesday. Zupee, which started operations in 2018, witnessed a net profit of Rs 146 crore for the financial year ending March 31, 2024.

This marks a recovery from the Rs 36 crore loss the company posted the previous year (FY23).

Announcing its financial results, the company said its revenue rose 34.9 per cent from Rs 832 crore in FY23 to Rs 1,123 crore in FY24.