IPO-bound Unicommerce ’s net profit more than doubled to INR 13.1 Cr in the financial year 2023-24 (FY24) from INR 6.5 Cr reported in the previous year.

The startup, backed by AceVector (formerly Snapdeal), saw its revenue from contracts with customers or operating revenue rise 15% to INR 103.58 Cr in the reported fiscal as against INR 90.06 Cr in FY23.

In that, revenue from contracts with customers outside India increased over 54% year-on-year (YoY) to INR 3.8 Cr.

Total income stood at INR 109.4 Cr in FY24 as against around INR 93 Cr in the previous fiscal.

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Credit - Inc42 Media