Biocube expects over 66% growth in biz

NEW DELHI: Biometrics-based multi-factor authentication startup Biocube expects revenue to grow by over 66 per cent to USD 40 million by 2025.

The company began commercial operations in September last year and commenced full-scale operation this year from which it expects to gain revenue of USD 24 million. "... The first contract also went full scale this year only. We have contracts which will give revenue of USD 24 million in 2024 and USD 40 million in 2025," Biocube Founder and CEO Subodh Narain Agrawal told PTI. The London-based company has most of its team members in India. "Currently, we have close to 80 employees, most of whom are based out of the development centre in India.