JFS’ Profitability Flex, Reo.Dev Bags $11 Mn & More

Jio Financial Services’ Bumper Q1 It was a profitable Q1 for Jio Financial Services. Buoyed by a humming lending engine and healthy growth across all its other verticals, the company crossed the ₹2,000 Cr revenue mark. However, surging expenses played spoilsport as JFS continued to chase its super app vision.