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Cred eyes new products as revenue surges, losses shrink in FY24

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Cred reported a sharp 41% reduction in operating losses, which fell from ₹1,024 crore in FY23 to ₹609 crore in FY24, at a time when investors prefer companies on a path to profitability. The fintech's revenue surged 66% to ₹2,473 crore in FY24.

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