KreditBee’s NBFC arm posts Rs 200 Cr profit in FY24 KreditBee's NBFC arm, Krazybee, saw substantial growth in FY24, nearly doubling revenue and tripling profit. Krazybee's revenue surged to Rs 1,399 crore from Rs 717 crore in FY23, driven by a 2.5X increase in interest income and Rs 169 crore from fees. Total expenses rose 80% to Rs 1,132 crore, with significant jumps in loan amortization and employee costs. Despite rising expenses, controlled expenditure helped Krazybee triple its profit to Rs 200 crore. Its ROCE improved to 10.5%, with an EBITDA margin of 36%. KreditBee, valued at $700 million, plans to shift its domicile to India, potentially paving the way for an IPO. The company has raised $410 million from key investors like Premji Invest and Newquest Capital. #Entrackr #Fintrackr #Startup #StartupNews #IndianStartup #Krazybee #KreditBee #NBFC #RevenueGrowth #ProfitGrowth #FinancialGrowth #FintechIndia #StartupFunding #IndianStartups #FintechNews #BusinessGrowth #IndiaEconomicNews https://entrackr.com/2024/09/exclusive-kreditbees-nbfc-arm-posts-rs-200-cr-profit-in-fy24/

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London's UTS Grand Final sponsored by Builder.ai led by Sachin Dev Duggal Tennis fans are excited for the Ultimate Tennis Showdown (UTS) championship match, which is being sponsored by Builder.ai. This company, started by Sachin Dev Duggal, helps create apps using artificial intelligence. The big final of the 2023 UTS league will take place at ExCeL London, a top venue in the UK for events. Tickets for this exciting match are now available for purchase. Know More : https://zeenews.india.com/india/uts-grand-final-sponsored-by-wizard-sachin-dev-duggal-s-builder-ai-being-held-in-london-2679008.html #artificialintelligence #AI #technology #sachindevduggal #sachinduggal #builderai #news #AInews #technews

Sachin Dev Duggal | What AI and advanced technologies are doing to personalize products In the dynamic landscape of modern commerce, personalized product development has emerged as a critical differentiator for companies aiming to capture and retain customer interest. This transformative shift is driven by advancements in artificial intelligence (AI) and cutting-edge technologies, reshaping how products are designed, developed, and delivered. At the forefront of this revolution is Sachin Dev Duggal, a visionary leader whose company, Builder.ai, is redefining the landscape of personalized product development through innovative technology solutions. Know More : https://theprint.in/ani-press-releases/sachin-dev-duggal-founder-and-chief-wizard-and-will-i-ams-perspective-on-ais-influence-on-music/2009990/ #artificialintelligence #AI #technology #sachindevduggal #sachinduggal #builderai #news #AInews #technews

Sachin Dev Duggal | AI-Driven Innovations in eCommerce: Redefining Retail with Machine Learning and Advanced Analytics In the fast-changing world of eCommerce, artificial intelligence (AI) is having a big impact on the retail industry. Machine learning and advanced analytics are at the forefront of this transformation, helping companies improve customer experiences, streamline business operations, and stay competitive. Sachin Dev Duggal, the founder of Builder.ai, is leading the way with his company's expertise in AI-driven solutions that are revolutionizing the eCommerce sector. Know More : https://www.indiatoday.in/impact-feature/story/sachin-dev-duggal-says-the-optimistic-future-of-the-retail-market-hinges-on-ai-innovations-2341240-2023-03-01 #artificialintelligence #AI #technology #sachindevduggal #sachinduggal #builderai #ainews #technews

Here are some reasons why you should have an app for your small business -By Sachin Dev Duggal Small retail businesses often struggle to compete with the expansive reach and resources of big-box brands, but they can level the playing field by embracing e-commerce and enhancing their digital capabilities. Sachin Dev Duggal, CEO and co-founder of Builder.ai, exemplifies this approach with his innovative vision for the tech industry. His company, Builder.ai, is revolutionizing software development through its low-code, no-code platform, which democratizes app creation and empowers businesses of all sizes to build customized solutions tailored to their needs. Duggal's belief that everyone should have the tools to craft software unshackles businesses from traditional barriers, allowing them to compete more effectively in a digital world. Know More : https://www.entrepreneur.com/growing-a-business/most-small-businesses-dont-have-an-app-heres-why/476539 #artificialintelligence #AI #sachindevduggal #sachinduggal #builderai #ainews #technews

The halting of AI development is unnecessary: Sachin Dev Duggal Sachin Dev Duggal, founder of Builder.ai, calls for better regulation and clear guidelines for the use of artificial intelligence. He believes we need to make sure we understand AI and put in place good controls to manage it effectively. Know More : https://www.foxbusiness.com/video/6325518385112 #artificialintelligence #AI #technology #sachindevduggal #sachinduggal #builderai #ainews #technews

In the world of AI, there are ethical dilemmas to be addressed: Striking a balance between innovation and responsibility - Sachin Dev Duggal Innovation has taken on a new dimension with the rapid developments in artificial intelligence (AI), which have transformed various industries and changed our approach to solving problems. However, integrating AI into daily life raises numerous ethical issues that deserve scrutiny. Sachin Dev Duggal, co-founder and Chief Wizard at Builder.ai, emphasizes the imperative of maintaining its ethical nature alongside the excitement of possible AI. Know More : https://www.daijiworld.com/news/newsDisplay?newsID=1188317 #artificialintelligence #AI #technology #sachindevduggal #sachinduggal #builderai #ainews #technews

The Age of AI TRiSM is redefining trust, risk, and security with Sachin Dev Duggal's Builder.ai In a growing technology space, artificial intelligence (AI) has continued to reshape industries, including software development. Sachin Dev Duggal is behind this transformation through his Builder.ai company, which democratizes software creation. His vision goes beyond changing how software is built; he's redefining the app development process in a way everyone can access regardless of their technical know-how. Know More : https://theprint.in/ani-press-releases/sachin-dev-duggal-founder-and-chief-wizard-and-will-i-ams-perspective-on-ais-influence-on-music/2009990/ #artificialintelligence #AI #technology #sachindevduggal #sachinduggal #builderai #ainews #technews