Niyo Reports AI Gains as Revenue Surges
Indian fintech startup Niyo has reported significant financial growth, with revenue from operations surging 80.1% to ₹158 crore during the fiscal period under review, compared to ₹87.8 crore in the previous fiscal year, according to a report by Inc42.
Management at the soonicorn noted that the impressive top-line growth was accompanied by a 58% reduction in losses. The company credited this financial improvement largely to artificial intelligence led gains across customer service, operations, marketing, and product development.
Alongside its AI deployment, Niyo has been actively diversifying its revenue streams beyond its core travel offerings. As part of this broader expansion strategy, the company has signed an agreement to acquire RemitX for ₹11.4 crore, further strengthening its market position within the domestic fintech ecosystem.
Based on reporting by inc42.com.
