With ₹146 Cr PAT, Zupee Reports First-Ever Profit — Reinforces Position as India’s Leading Skill Gaming Platform
FY24 Financial Milestones – ₹1,123 Cr in net revenue, showing strong topline growth – ₹146 Cr net profit — Zupee's first full-year profitability since inception – 60% growth in user base – Expanded beyond North India to pan-India presence – Maintained momentum despite revised GST impact in H2 FY24
Strategic Growth & Market Leadership – Reinforced leadership in skill-based casual gaming – Created new category: Skill-Based Online Ludo – Attracted diverse demographics across India – Proven scalable and commercially viable model – Workforce grew by 10%+ with strategic hiring in tech, product, ops, and data science
Founder’s Perspective & Vision “FY24 was a landmark year as we turned profitable, scaled significantly, and saw our games resonate beyond initial markets. We didn’t just grow — we built an entirely new category. Our growth proves that games rooted in culture transcend geographies and generations.” — Dilsher Singh Malhi, Founder & CEO, Zupee
– Focus on innovation, compliance, and responsible gaming – Early adaptability helped navigate 28% GST challenges – FY25 to reflect full GST impact as Zupee continues to advocate for fair tax policy