ID verification startup IDfy expects to cross Rs 200 crore revenue mark in FY25

Identity verification startup IDfy aims to surpass Rs 200 crore in revenue by the end of FY25. The Mumbai-based company recorded Rs 145 crore in operational revenue in FY24, up from Rs 108 crore in FY23 and Rs 56 crore in FY22. This growth will be fuelled by expanding its presence in Southeast Asia, including Indonesia and the Philippines, as well as West Asia.