Book My Show Profitable: In FY23, the company posted a profit of Rs 85.72 crore, turning around from the Rs 92.2-crore loss incurred in the previous fiscal year.
Polygon will zero in on protocol developers as part of its recently announced grant that seeks to attract Web3 startups to its ecosystem, where it previously primarily focused on Ethereum Virtual Machine (EVM) developers, Nailwal said.
There was a plethora of regulatory challenges in app interactions with insurance, banking and governmental agencies with fintech apps recording billion-scale transactions. This also threw enormous scope for constant innovations in fintech apps, he said, while speaking at the inaugural of the Bengaluru Tech Summit 2023.