FamApp’s Comeback Script—Profitability, Power Moves, and a New Era

Image Source: Viral India Diary

Fintech firm FamApp (earlier FamPay) has seen a remarkable turnaround, becoming profitable and securing new investor backing. The company, which had previously struggled with its operations, has now stabilized revenues and is planning a new growth surge.

Financial Milestone and Profitability

FamApp closed FY25 at Rs 90–100 crore in revenues, a sudden spike from Rs 25 crore in FY24.

The company reported a profit before tax of Rs 10-12 crore, a sign that it is shifting towards sustainable operations.

Its revenues come from premium upgrades, ATM withdrawals, video KYC, and gaming codes for its teen-focused user base.

New Funding Round and Investor Sentiment

FamApp is in discussions that are advanced to raise a $15-million round, mostly from secondary capital.

Elevation Capital leads the round, with others taking co-founder Kush Taneja's stake.

Interest from new investors follows the restructuring and stabilization of FamApp's revenues successfully.

Co-Founder Exit and Leadership Change

Co-founder Kush Taneja is exiting, citing reported strategy differences with co-founder Sambhav Jain.

He will exit via a secondary sale of stakes, allowing investors to acquire his shares.

Jain will stay on as the company's leader, though it is not certain if a new executive is hired.

FamApp's resurgence to fame underscores its ability to adapt and succeed in India's competitive fintech space.

Sources: Entrackr, Moneycontrol, Business Outreach, MSN.