This Week in Australian Startups #46, 19th November 2023
www.thisweekinstartups.com.au
This week Deputy announced they posted their maiden profit, considering its last funding round was in 2018 and they were heavily impacted by the COVID-19 pandemic it’s an incredible achievement. Deputy recorded a statutory profit of $8.5M, a significant turnaround from a $24.9M loss in the previous year. This profit was driven by a substantial revenue increase from $75.7M to $103.92M, fuelled by growth across Australia (47% YoY), UK (30% YoY) and US (25% YoY).
This Week in Australian Startups #46, 19th November 2023
This Week in Australian Startups #46, 19th…
This Week in Australian Startups #46, 19th November 2023
This week Deputy announced they posted their maiden profit, considering its last funding round was in 2018 and they were heavily impacted by the COVID-19 pandemic it’s an incredible achievement. Deputy recorded a statutory profit of $8.5M, a significant turnaround from a $24.9M loss in the previous year. This profit was driven by a substantial revenue increase from $75.7M to $103.92M, fuelled by growth across Australia (47% YoY), UK (30% YoY) and US (25% YoY).