Apollo Finvest Q2, 2021-22 results: Comeback Kids 👼🏻
Apollo Finvest Q2, 2021-22 results are out🤩. In short: Best quarter ever 🏆
Building Apollo with Diksha has been an incredibly personal and rewarding journey. From our humble days of trying to find any kind of product-market fit in 2018 to now being at the epi-centre of the Fintech revolution in India.
Some crazy stats:
We make more profit today in 1 month than we did in the entire year of 2018 😳
Number of loans disbursed in only Q2, 2021-22 > The entire FY 2020 💥
Revenue for only half the year of 2021-22 > 1.5X the entire FY 2021 revenue 💫
Though loan book is not a parameter we chase, it is intriguing to note in the last 6 months, it has grown 4X 🔥
For the curious, here is our detailed deck 🤓
Covid was hard on a personal and professional level for all of us. In Q2, 2020-21 we scraped by with a profit of 44 lacs. It was a huge challenge. But as the famous saying goes it’s all about how hard you can get hit and keep moving forward. Now in Q2, 2021-22 the team has made a roaring🦁 come back delivering the best quarter in the companies history with a profit of 3.4 Cr. In the world of startups, where everybody wants to 10X this and 10X that but to actually make 7X profits? This team is special🌟
Though these are early days, milestones like this give us the energy to build relentlessly. Never give up and never give in. Hardwork compounds!
I could not be more proud of my co-founder Diksha and our entire team at Apollo. It’s a privilege of a lifetime to work with talented individuals like Harshal, Ajay, Zil, Prashant, Pranali, Fatema to name a few, who first and foremost are fantastic human beings🤗
Post covid, technology is moving at a blistering pace🏃 powered by a tsunami of venture capital empowering founders like never before. Fintechs on our platform have grown exponentially⚡️ and it’s an honour to have a chance to serve them every day.
This is the best part of my job: Working with A+ entrepreneurs who are constantly pushing the envelope and moving fearlessly into uncharted waters to redefine financial services in our country 🇮🇳. Every feature and user experience we build is our love letter to India’s fintech entrepreneurs❤️
The next big step for us is doubling down on our people. That is our secret sauce and our biggest treasure. Hiring is priority 1. We need to prepare the next generation of leaders to take the company to new heights🚀. Join us: https://angel.co/company/apollo-finvest-1/jobs
Enough talk. Back to work. All eyes on the customer👑!
Congratulations , Can we know how much recurring fee revenue we are doing ?
Kudos to the team. BTW who manages this substack page.