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BankBazaar.com may bring its IPO by the end of next year

7 Nov 2022 , 09:35 AM

BankBazaar.com, which aims to become the most lucrative co-branded credit card network, anticipates turning profitable this fiscal year and intends to submit an IPO application by the end of the next year.

The business, which began as a platform for comparing loans in 2008, is now heavily involved in the co-branded credit card market and has issued two such cards in collaboration with Yes Bank and RBL Bank.

The company’s top line increased by 85% year over year in the second quarter of FY23, reaching Rs170 crore in sales. In Q2, the company’s credit card revenues increased by 115%.

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Related Tags

  • BankBazaar.com
  • initial public offering
  • IPO
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