ZestMoney plans to be profitable in 6 months

ZestMoney is on track to hit profitability within 3-6 months and will raise funds through an internal round from existing investors in the next few weeks, a top executive said.

“Once we hit profitability, the need for funds will not arise. We will then be sustainable like any other company and will be completely on our own,” Mandar Satpute, chief banking officer, ZestMoney, told FE. The funding will be purely an equity round and will not have any convertible structures.