Apart from taking cost-cutting measures and shutting down non-profitable verticals, growth stage startups have been actively looking for revenue diversification and sacrificing scale
The company currently offers merchants digital solutions which include online payments, logistics, credit services, free learning platform called mojoversity and more for business to gain visibility
The capital infusion comes in when the company has witnessed healthy revenue growth in 2020-21 despite the pandemic and is well poised on its path to profitability