India, March 13 -- Snap Camera India, the Indian subsidiary of social media giant SnapChat, crossed the INR 100 Cr revenue mark in the fiscal year ended March 2024 (FY24). Its operating revenue rose 28.5% to INR 101.3 Cr during the year from INR 78.8 Cr in the previous fiscal year.

The growth in revenue can primarily be attributed to the company's robust advertising business and the introduction of its subscription service, Snapchat+, which has garnered over 14 Mn global subscribers and accounted for 9% of SnapChat's global revenue in Q4 2024.

Meanwhile, the India entity's net profit grew 25.9% to INR 9.7 Cr in FY24 from INR 7.7 Cr in FY23.

The company's EBITDA grew 25.2% to INR 14.4 Cr during the year under review from INR 11.5 Cr in ...