The Indian startup ecosystem has witnessed an enormous transformation in its operational ethos and strategic priorities over the previous few years. The onset of the funding winter in 2022, following the funding growth of 2021, introduced the largest change.
As funding dried up, many Indian startups needed to shut store or resort to mass layoffs to increase their runway and slash money burn. Having change into accustomed to available capital, new-age tech corporations have been compelled to confront the tough realities of unit economics and operational effectivity.
However as they are saying, adversity breeds resilience. Firms rapidly pivoted from their earlier mantra of “development in any respect prices” to reaching profitability on the earliest. Excessive promotional and advertising and marketing bills, exorbitant pay hikes, and overhiring – as soon as a standard norm – have been curtailed as the main focus moved to backside strains.
These efforts to trim losses and enhance operational effectivity was evident within the monetary statements of Indian startups for the fiscal yr 2023-24 (FY24). Whereas simply 36 of the 146 startups posted income in FY23, the quantity improved to 45 (out of 112) in FY24.
This pattern is prone to proceed in FY25 as effectively, with the variety of Indian startups posting income and reducing down losses anticipated to extend.
To maintain you updated with the financials of new-age tech corporations and supply their key numbers at one place, we at Inc42 have launched the FY25 Monetary Tracker. The tracker could be up to date periodically that can assist you deep dive into the financials of Indian startups.
At present, 40 new-age tech corporations are a part of this tracker. In FY25, these 40 corporations reported cumulative working income of INR 1.21 Lakh Cr, up 31% from INR 92,579.8 Cr in FY24. Whereas 13 of them reported a cumulative internet lack of INR 7,822.1 Cr in FY25, 27 corporations reported a cumulative internet revenue of INR 4,357 Cr.
Editor’s Notice: This listing will not be a rating of any variety, we have now positioned the businesses alphabetically. It is a working listing and can be up to date periodically.
Inside The FY25 Financials Of Indian Startups
Notice: All quantity in INR Cr
| Firm Identify | Working Income (FY25) | Working Income (FY24) | Income Change In % YoY | Loss/ Revenue (FY25) | Loss/ Revenue (FY24) | Loss/Revenue Change In % YoY | Worker Profit (FY25) | Worker Profit (FY24) | Commercial Spends (FY25) | Commercial Spend (FY24) |
| Amagi | 1,163 | 879.10 | 32.20% | -68.7 | -245.00 | -71.90% | 694.8 | 663.4 | ||
| ArisInfra | 768 | 696.80 | 10.16 | 6 | -17.20 | -134.88 | 36 | 30 | – | – |
| Ather | 2,255 | 1,753.80 | 28.58 | -812.3 | -1,059.70 | -23.35 | 412.4 | 369.2 | ||
| Awfis | 1,208 | 848.90 | 42.24 | 67.8 | -17.50 | 136 | 135.6 | – | – | |
| BlackBuck | 426.7 | 296.9 | 43.72 | -8.6 | -193.9 | -95.56 | 147 | 286.9 | ||
| CarTrade | 641.1 | 489.9 | 30.86 | 145.2 | 19.9 | 629.65 | 284.3 | 246 | ||
| Delhivery | 8,932 | 8,141.50 | 9.71 | 162.1 | -249 | 1,375.90 | 1,436.70 | |||
| Go Digit | 10,282 | 9,015.50 | 14.05 | 424.4 | 181.6 | 133.70 | 321.50 | 269.50 | ||
| EaseMyTrip | 587 | 590.50 | -0.54 | 108.6 | 103.4 | 5.03 | 102.80 | 82.10 | 95.4 | 82 |
| Fino Funds Financial institution | 1,847.00 | 1,478.30 | 24.94 | 92.5 | 86.2 | 7.31 | 206.5 | 177.3 | ||
| FirstCry | 7,659.60 | 6,480.80 | 18.19 | -264.8 | -321.5 | -17.64 | 728.3 | 686.4 | ||
| IdeaForge | 165.90 | 317.00 | -47.67 | -51 | 47.8 | 49.4 | 52.5 | |||
| IndiaMart | 1,388.30 | 1,196.70 | 16.01 | 550.6 | 333.9 | 64.90 | 600.9 | 544 | 5.6 | 2.3 |
| Incred | 1,871.90 | 1,269.90 | 47.41 | 374 | 316.4 | 18.20 | 336.8 | 261.4 | – | – |
| IndiQube | 1,059.00 | 830.60 | 28.00 | -139 | -341 | -60.00 | 75.8 | 63.7 | – | |
| ixigo | 914.2 | 655.8 | 39.40 | 60.2 | 73 | -17.53 | 163.6 | 141 | – | – |
| LendingKart Finance | 862.2 | 1,142 | -24.50 | -288.3 | 60.1 | 164.7 | 147.4 | – | – | |
| Lenskart | 6,652.50 | 5,428 | 22.50% | 297.3 | -10.1 | 1,378.70 | 1,086.40 | |||
| Mamaearth | 2,067 | 1,920 | 7.66 | 73 | 111 | -34.23 | 200 | 171 | ||
| MapMyIndia | 463.2 | 379.4 | 22.09 | 147.6 | 134.4 | 9.82 | – | – | ||
| Menhood | 23.6 | 17.67 | 33.56 | 2.6 | 2.15 | 20.93 | 1 | 1 | 6.7 | 5.5 |
| Mobikwik | 1,163.90 | 866.9 | 34.26 | -122.3 | 8.9 | 165.2 | 114.3 | – | – | |
| Nazara | 1,623.90 | 1,138.20 | 42.67 | 50.9 | 74.7 | -31.86 | 287.4 | 186 | 376.8 | 177.5 |
| Navi Finserv | 2,271.00 | 1,906.20 | 19.14 | 221.9 | 668.8 | -66.82 | 172.3 | 149.9 | – | |
| Nykaa | 7,949.82 | 6,385 | 24.51 | 72.07 | 39.74 | 81.35 | 107.3 | 82.8 | – | – |
| Ola Electrical | 4,514 | 5,010 | -9.90 | -2,276 | -1,584 | 43.69 | 463 | 439 | ||
| Paytm | 6,900 | 9,977.80 | -30.85 | -663.2 | -1,422.40 | -53.37 | 3,288.10 | 4,589.20 | 659.4 | 922 |
| PB Fintech | 4,977 | 3,437.60 | 44.79 | 353.1 | 64.00 | 451.72 | 1,958.60 | 1,644.10 | 1,090.10 | 899 |
| RateGain | 1,077 | 957.00 | 12.50 | 208.9 | 145.30 | 43.77 | 398.70 | 379.90 | – | – |
| Swiggy | 15,226.70 | 11,247.30 | 35.38 | -3,116.70 | -2,350.20 | 32.61 | 2,012.10 | 2,711.70 | 1,850.70 | |
| TAC | 30.50 | 11.70 | 160.68 | 14.8 | 6.3 | 134.92 | 8.5 | 3.6 | – | – |
| TBO Tek | 1,737.40 | 1,392.80 | 24.74 | 229.8 | 200.5 | 14.61 | 376 | 277.3 | ||
| Belief Fintech | 31.60 | 35.04 | -9.82 | 9 | 12.57 | -28.40 | 9.49 | 6.45 | ||
| Tracxn | 84.40 | 82.70 | 2.06 | -9.5 | 6.5 | 73.8 | 69.2 | |||
| Unicommerce | 134.7 | 103.5 | 30.14 | 17.6 | 13.1 | 34.35 | 61.1 | 62 | – | – |
| Veefin | 78.5 | 24.9 | 215.26 | 16.2 | 7.39 | 119.22 | 27.3 | 6.15 | – | – |
| Yatra | 791.4 | 422.3 | 87.40 | 36.5 | -4.5 | 59.9 | 73.6 | 41 | 45.3 | |
| Yudiz | 21 | 26.1 | -19.50 | -1.71 | -2.8 | -39.00 | 21.2 | 20.4 | ||
| Zomato | 20,243 | 12,114 | 67.10 | 527 | 351 | 50.14 | 2,558 | 1,659 | 1,972 | 1,432 |
| Zaggle | 1,303.70 | 775.5 | 68.11 | 87.8 | 44 | 99.55 | 66.7 | 51.2 | – | – |
Amagi Trims Its Loss
IPO-bound media SaaS unicorn Amagi trimmed its internet loss by 71.9% to INR 68.7 Cr in FY25 from INR 245 Cr in FY24 on the again of sturdy income development and managed rise in bills.
Income from operations zoomed 32.2% to INR 1,162.6 Cr throughout the yr from INR 879.1 Cr in FY24.
Amagi’s whole bills for the interval beneath assessment stood at INR 1,274.8 Cr, rising a mere 8.1% from INR 1,179.1 Cr in FY24.
Learn Extra: Amagi’s Loss Narrows 72% To INR 69 Cr In FY25
ArisInfra Turns Worthwhile
ArisInfra Options turned worthwhile within the yr ended March 31, 2025, reporting a internet revenue of INR 6 Cr as towards a internet lack of INR 17.2 Cr within the earlier yr.
The corporate, which went public in June 2025, noticed its income rise 10% to INR 767.6 Cr throughout the yr beneath assessment from INR 696.8 Cr in FY24.
In the meantime, whole expenditure grew 6% to INR 762.3 Cr from INR 719 Cr in FY24.
Learn Extra: ArisInfra This fall: Loss Declines 97%, Income Up 7% YoY To INR 221 Cr
Ather Vitality Trims Its Loss To INR 812 Cr
Listed EV main Ather Vitality managed to trim its internet loss by 23% to INR 812.3 Cr in FY25 from INR 1,059.7 Cr within the earlier yr. Its high line zoomed 29% to INR 2,255 Cr throughout the fiscal beneath assessment from INR 1,753.8 Cr in FY24.
Its bills rose 16% to INR 3,117 Cr throughout the yr beneath assessment from INR 2,674 Cr in FY24.
Learn Extra: Ather This fall: Loss Narrows 17% YoY To INR 234 Cr
Awfis In The Black
Delhi NCR-based coworking firm Awfis, which went public final yr, reported a revenue of INR 68 Cr in FY25 as towards a internet lack of INR 17.5 Cr in FY24. Moreover turning worthwhile, it noticed its working income bounce 42% to INR 1,208 Cr throughout the yr beneath assessment from INR 849 Cr in FY24.
The corporate’s whole bills jumped 36% to INR 1,217 Cr in FY25 from INR 892.3 Cr within the earlier fiscal.
Learn Extra: Awfis This fall: Revenue Jumps 8X YoY To INR 11.2 Cr
BlackBuck’s Loss Narrows To INR 9 Cr
Logistics firm BlackBuck posted a internet lack of INR 8.6 Cr in FY25 as towards a internet lack of INR 193.9 Cr in FY24. Nonetheless, its loss would have been greater if not for a tax credit score of INR 244.6 Cr in FY25.
The corporate’s working income jumped 43.7% to INR 426.7 Cr throughout the yr beneath assessment from INR 296.9 Cr in FY24. The startup’s expenditure rose to INR 371.5 Cr, a 23% decrease from INR 483.4 Cr a yr earlier.
Learn Extra: BlackBuck Posts INR 280 Cr Revenue In This fall On Tax Credit score
CarTrade Posts INR 145 Cr Revenue
CarTrade reported its highest-ever revenue and income in FY25. Its backside line skyrocketed 629.6% year-on-year (YoY) to INR 145.2 Cr from INR 19.9 Cr in FY24.
In the meantime, working income jumped nearly 31% to INR 641.1 Cr in FY25 from INR 489.9 Cr within the earlier fiscal yr.
The corporate’s whole bills grew over 18% to INR 542.9 Cr in FY25 from INR 457.2 Cr within the earlier fiscal
Learn Extra: CarTrade This fall Revenue Jumps 85% YoY To INR 46 Cr
Delhivery Studies Maiden Worthwhile 12 months
Logistics large Delhivery reported its maiden worthwhile fiscal yr in FY25, posting a internet revenue of INR 162.1 Cr as towards a internet lack of INR 249.2 Cr in FY24.
Its income from providers elevated 9.7% to INR 8,932 Cr within the yr beneath assessment from INR 8,141 Cr within the final fiscal.
Whereas the corporate’s EBITDA rose to INR 376 Cr in FY25 from INR 127 Cr within the earlier fiscal, its EBITDA margin stood at 4.2% as towards 1.6% in FY24.
Its whole expenditure stood at INR 9,216.7 Cr in FY25, up 4% from INR 8,824.9 Cr within the earlier fiscal yr.
Learn Extra: Delhivery Studies 4th Consecutive Worthwhile Quarter, Posts INR 73 Cr PAT In This fall
EaseMyTrip’s Income Stays Flat
Delhi NCR-based on-line journey aggregator EaseMyTrip’s high line remained nearly unchanged in FY25. The startup reported an working income of INR 587 Cr, a slight decline from INR 590.6 Cr in FY24. Nonetheless, internet revenue grew 5% to INR 109 Cr from INR 103 Cr FY24.
Complete expenditure rose 16.7% to INR 460 Cr throughout the yr beneath assessment as towards INR 394 Cr in FY24. It noticed its promoting in addition to worker profit expenditure improve throughout the fiscal beneath assessment.
Learn Extra: EaseMyTrip Again In The Black, Posts INR 14 Cr Revenue In This fall
Fino Funds Financial institution’s Revenue Up 7%
Mumbai-based Fino Funds Financial institution’s working income jumped 25% to INR 1,847 Cr in FY25 from INR 1,478 Cr within the earlier fiscal yr.
Consistent with the rise in income, whole bills grew 25% to INR 1,738.7 Cr throughout the yr from INR 1,391.5 Cr in FY24.
The funds financial institution’s internet revenue rose 7.3% to INR 82 Cr from INR 86 Cr in FY24.
Learn Extra: Fino Funds Financial institution’s This fall Revenue Dips 5% YoY To INR 24 Cr
Everlasting’s Income Breaches INR 20K Cr Mark
Zomato dad or mum Everlasting’s working income rose over 67% to INR 20,243 Cr in FY25 from INR 12,114 Cr within the earlier fiscal yr, strengthened largely by its fast commerce and going out enterprise verticals.
Its internet revenue jumped 50% to INR 527 Cr in FY25 from INR 351 Cr in FY24. In the meantime, Everlasting’s whole expenditure rose 63% to INR 2,062.3 Cr in FY25 from INR 1,267 Cr in FY24.
Learn Extra: Everlasting This fall: Revenue Slumps 78% YoY To INR 39 Cr
FirstCry’s Loss Falls By 18%
FirstCry dad or mum Brainbees Options’ internet loss declined 17.6% to INR 264.8 Cr throughout the yr ended March 2025 from INR 321.5 Cr in FY24.
Its working income rose 18.2% to INR 7,659.6 Cr throughout the yr beneath assessment from INR 6,480.9 Cr a yr in the past. The corporate’s adjusted EBITDA revenue grew about 43% YoY to INR 393.5 Cr. The corporate additionally stated that its India multi-channel enterprise turned internet worthwhile.
The corporate’s whole expenditure stood at INR 7,429.6 Cr in FY25, up 16% from INR 6,410.3 Cr in FY24.
Learn Extra: FirstCry This fall: Loss Zooms 158% YoY To INR 111.5 Cr
Go Digit Sees Over 130% Rise In Revenue
Insurtech startup Go Digit posted sturdy monetary outcomes, with a 134% bounce in its revenue after tax to INR 424.9 Cr in FY25 from INR 181.6 Cr within the earlier fiscal yr.
On the again of a pointy development in well being, journey, and private accident premiums, Go Digit’s whole gross written premium (GWP) elevated 14% to INR 10,282 Cr from INR 9,015 Cr in FY24.
Internet earned premium rose over 13.3% to INR 8,045.9 Cr throughout the yr from INR 7,096.4 Cr in FY24.
Learn Extra: Go Digit This fall Revenue Zooms 120% YoY To INR 116 Cr
ideaForge Slips Into Crimson
Mumbai-based drone startup ideaForge noticed its working income decline by over 48% to INR 166 Cr in FY25 from INR 317 Cr within the earlier fiscal yr. Consequently, it slipped into the pink, with a lack of INR 51 Cr as towards a revenue of INR 48 Cr in FY24.
The corporate’s whole expenditure additionally declined 15% to INR 239.6 Cr throughout the yr beneath assessment from INR 282.9 Cr in FY24.
Learn Extra: ideaForge Studies third Consecutive Quarter Of Loss, Posts INR 26 Cr Loss In This fall
IndiaMart Posts INR 550 Cr Revenue
B2B ecommerce market IndiaMART’s internet revenue zoomed 65% to INR 550.7 Cr within the yr ended March 2025 from INR 334 Cr within the earlier fiscal yr.
Its working income grew 16% to INR 1,388.4 Cr from INR 1,196.8 Cr in FY24. The corporate’s EBITDA rose 58% year-on-year to INR 523 Cr in FY25.
The corporate’s whole expenditure declined a marginal 0,5% to INR 905.9 Cr in FY25 from INR 910.7 Cr in FY24.
Learn Extra: IndiaMART This fall Revenue Zooms 81% YoY To INR 181 Cr
InCred Finance’s Revenue Jumps 18%
InCred Monetary Providers reported an 18% improve in its consolidated internet revenue to INR 374 Cr in FY25 from INR 316.4 Cr within the earlier yr.
The lending tech unicorn’s income zoomed 47% to INR 1,871.9 Cr throughout the yr beneath assessment from INR 1,269.9 Cr in FY24. Of this, it earned INR 1,691.6 Cr from curiosity revenue and INR 137.2 Cr from charges and fee.
Complete bills surged 59% to INR 1,381.1 Cr from INR 871.4 Cr in FY24.
Learn Extra: InCred Finance’s FY25 Revenue Zooms 18% To INR 374 Cr
IndiQube Trims Loss By 60%
IndiQube’s internet loss narrowed 60% to INR 139 Cr in FY25 from INR 341 Cr in FY24. Working income grew 28% to INR 1,059 Cr in FY25 from INR 830.6 Cr within the earlier fiscal.
Through the yr, the managed office options supplier’s whole bills rose marginally to INR 1,260 Cr from INR 1,252 Cr in FY24.
ixigo’s Income Inches Nearer To INR 1,000 Cr Mark
ixigo reported an working income of INR 914.2 Cr in FY25, up 39.4% from INR 655.8 Cr within the earlier fiscal yr, boosted by sturdy demand from the practice phase.
Nonetheless, the underside line of the corporate took successful because it reported a internet revenue of INR 60.3 Cr, down 17.4% from INR 73 Cr revenue in FY24, weighed down by excessive bills.
ixigo’s whole bills for the yr rose 34.8% to INR 846 Cr from INR 627.8 Cr in FY24.
Learn Extra: ixigo This fall: Revenue Extra Than Doubles YoY To INR 17 Cr
Lendingkart Finance Slips Into Crimson
Fullerton Monetary Holdings (FFH)-owned lendingtech startup Lendingkart’s NBFC arm Lendingkart Finance incurred a internet lack of INR 288.3 Cr in FY25 as towards a internet revenue of INR 60.1 Cr within the earlier fiscal yr. The rationale behind the corporate slipping into the pink was an increase in impairment prices and decline in its high line.
The NBFC’s working income crashed 24.5% to INR 862.2 Cr throughout the yr beneath assessment from INR 1,142 Cr in FY24. Together with different revenue, whole income fell 24.4% to INR 867 Cr from INR 1,146.4 Cr within the earlier yr.
Lendingkart Finance’s whole bills soared 18.5% to INR 1,263.5 Cr from INR 1,066.1 Cr in FY24.
Learn Extra: Lendingkart Finance Slips Into Crimson, Posts INR 288 Cr Loss In FY25
Lenskart Turns Worthwhile
Omnichannel eyewear retailer LensKart swung to profitability within the monetary yr ended March 2025, posting a internet revenue of INR 297.3 Cr as towards a internet lack of INR 10.1 Cr in FY24.
Its working income climbed 22.5% to INR 6,652.5 Cr throughout the yr from INR 5,427.7 Cr in FY24. In the meantime, whole bills rose 19.3% to INR 6,619.4 Cr from INR 5,549.5 Cr within the earlier fiscal yr.
Learn Extra: Lenskart In The Black, Posts INR 297 Cr Revenue In FY25
Mamaearth’s Revenue Slumps 34%
Mamaearth dad or mum Honasa Shopper noticed its internet revenue decline 34.2% to INR 72.7 Cr in FY25 from INR 110.5 Cr within the earlier fiscal yr, harm by weaker margins.
The corporate’s working income grew 7.6% to INR 2,066.9 Cr in FY25 from INR 1,919.9 Cr in FY24. Its EBITDA margin declined 3.8 proportion factors to three.3% within the yr beneath assessment from 7.1% in FY24.
The corporate’s whole expenditure grew 12.8% to INR 2,056 Cr from INR 1,822.5 Cr in FY24.
Learn Extra: Mamaearth This fall: Revenue Falls 18% to INR 25 Cr
MapmyIndia’s Revenue Nears INR 150 Cr Mark
Geotech firm MapmyIndia’s consolidated internet revenue rose 10% to INR 147.6 Cr in FY25 from INR 134.4 Cr within the earlier fiscal yr.
Working income jumped 22% to INR 463.3 Cr in FY25 from INR 379.4 Cr in FY24. Through the yr beneath assessment, MapmyIndia’s EBITDA rose 15% YoY to Rs 179.9 Cr and EBITDA margin stood at 39%.
Complete bills elevated 27% to INR 306 Cr as towards INR 240.9 Cr in FY24.
Learn Extra: MapmyIndia’s This fall Revenue Zooms 28% YoY To INR 49 Cr
Menhood’s Income Surges 33%
Shopper electronics startup Menhood noticed its working income develop 33% to INR 23.6 Cr in FY25 from INR 17.6 Cr within the earlier fiscal yr. The rise in whole expenditure outpaced the income development. Bills zoomed 38% to INR 20.4 Cr throughout the yr from 14.8 Cr in FY24.
The startup’s revenue stood at INR 2.6 Cr in FY25, up 21% from INR 2.1 Cr within the earlier fiscal yr.
Learn Extra: Menhood’s H1 Revenue Zooms 190% To INR 1.84 Cr
MobiKwik Posts Over INR 100 Cr Loss
Delhi NCR-based fintech firm Mobikwik reported a 34% improve in its working income to INR 1,164 Cr within the yr ended March 31, 2025 from INR 866 Cr within the earlier fiscal yr.
Regardless of this, the corporate slipped into the pink throughout the yr beneath assessment, posting a lack of INR 122 Cr as towards a revenue of INR 9 Cr in FY24. Complete expenditure rose 50% to INR 1,271.4 Cr in FY25 from INR 848.3 Cr within the earlier yr.
Learn Extra: MobiKwik This fall: Loss Surges 83.5X YoY To INR 56 Cr
Nazara’s Revenue Slips 32%
Gaming main Nazara’s internet revenue declined 32% to INR 51 Cr in FY25 from INR 74.8 Cr within the earlier fiscal yr.
Its working income rose 43% to INR 1,623.9 Cr from INR 1,138.3 Cr in FY24. EBITDA zoomed 20% YoY to INR 153.5 Cr in FY25, whereas EBITDA margin stood at 9.4% throughout the yr beneath assessment.
The corporate’s bills surged 46% to INR 1,629.9 Cr in FY25 from INR 1,112.5 Cr within the earlier fiscal yr.
Learn Extra: Nazara This fall: Revenue Declines 53% QoQ To INR 4 Cr
Navi Finserv’s Revenue Crashes
Sachin Bansal-led Navi Finserv’s revenue after tax declined 67% to INR 221.9 Cr in FY25 from INR 668.8 Cr within the earlier fiscal yr.
Nonetheless, the startup’s high line development remained strong. Navi Finserv’s working income rose 19% to INR 2,271.2 Cr throughout the yr from INR 1,906.2 Cr in FY24.
Complete bills jumped 14% to INR 1,988.9 Cr from INR 1,750.4 Cr in FY24.
Learn Extra: IPO-Sure Navi Finserv’s FY25 Revenue Tanks 67% To INR 222 Cr
Nykaa’s Revenue Zooms 82%
Magnificence ecommerce large Nykaa’s internet revenue surged 82% to INR 72.1 Cr in FY25 from INR 39.7 Cr within the earlier fiscal, helped by the advance in margins.
Working income grew 25% to INR 7,949.8 Cr in FY25 from INR 6,385.62 in FY24. Its gross merchandise worth (GMV) rose 25% YoY to Rs 15,604 Cr in FY25. Whereas EBITDA elevated 37% YoY to INR 474 Cr throughout the yr beneath assessment, EBITDA margin improved to six% from 5.4% in FY24.
Within the yr beneath assessment, Nykaa reported a 23.6% improve in its bills to INR 7,849.63 from INR 6,346.54 within the final yr.
Learn Extra: Nykaa This fall: Revenue Extra Than Doubles YoY To INR 19.1 Cr
Ola Electrical’s Loss Zooms 44%
EV main Ola Electrical’s loss surged 44% to INR 2,276 Cr in FY25 from INR 1,584 Cr in FY24. In the meantime, its high line shrank 10% to INR 4,514 Cr from INR 5,010 Cr within the final fiscal yr.
In FY25, Ola Electrical’s consolidated EBIDTA margin stood at -34.6%.
The corporate barely diminished its bills throughout the yr beneath assessment to INR 6,253 Cr from INR 6,277 in FY24.
Learn Extra: Ola Electrical This fall: Loss Extra Than Doubles YoY To INR 870 Cr
Paytm’s Income Falls 31%
Fintech main Paytm’s working income declined a pointy 31% to INR 6,900.4 Cr in FY25 from INR 9,977.8 Cr in FY24.
Nonetheless, the corporate additionally managed to cut back its loss by 54% to INR 663.2 Cr in FY25 from INR 1,422.4 Cr within the earlier yr.
The corporate’s whole bills fell 22% to INR 9,059 Cr throughout the yr beneath assessment from INR 11,644.6 in FY24.
Learn Extra: Paytm This fall Loss Flat YoY At INR 545 Cr As Distinctive Objects Take Toll
PB Fintech’s Revenue Jumps Over 450%
Insurtech main Policybazaar’s dad or mum PB Fintech noticed its working income bounce over 45% to INR 4,977 Cr in FY25 from INR 3,437 Cr it reported within the earlier yr. In the meantime, internet revenue surged 451% to INR 353 Cr from INR 64 Cr in FY24.
Complete expenditure stood at INR 5,038.6 Cr in FY25, up 33% from INR 3,793.1 Cr within the earlier fiscal yr.
Learn Extra: PB Fintech This fall: Revenue Zooms About 3X To INR 171 Cr
RateGain’s FY25 Revenue Jumps 64%
The travel-focussed SaaS firm’s revenue grew 43% to INR 208.9 Cr throughout the yr beneath assessment from INR 145.3 Cr in FY24. Working income elevated 12% to INR 1,077 Cr from INR 957 Cr in FY24.
Complete bills, too, rose 9% to INR 880.8 Cr in FY25 from INR 809.7 Cr in FY24.
Learn Extra: RateGain This fall Revenue Zooms 10% YoY To INR 55 Cr
Swiggy’s Loss Crosses INR 3,000 Cr Mark
Foodtech large Swiggy, which went public final yr, noticed its internet loss zoom 33% to INR 3,116.8 Cr in FY25 from INR 2,350.2 Cr within the earlier fiscal yr, on the again of fast commerce enlargement.
The corporate’s bills went up nearly 34.3% to INR 18,725.4 Cr in FY25 from INR 13,947.4 Cr within the earlier yr.
Nonetheless, its high line additionally rose 35% to INR 15,226.8 Cr throughout the yr beneath assessment from INR 11,247.4 Cr in FY24.
Learn Extra: Swiggy’s This fall Loss Surges 95% YoY To INR 1,081 Cr
TAC Infosec’s Income Jumps 2.6X
The Mohali-based cybersecurity agency noticed its working income surge 2.6X to INR 30.5 Cr in FY25 from INR 11.7 Cr within the earlier yr. Consequently, internet revenue jumped 2.3X to INR 14.8 Cr throughout the yr beneath assessment from INR 6.3 Cr in FY24.
Complete bills nearly tripled to INR 16.4 Cr in FY25 from INR 5.5 Cr within the earlier fiscal yr.
Learn Extra: TAC Infosec’s H2 FY25 Revenue Surges 89% YoY To INR 8.3 Cr
TBO Tek’s Revenue Jumps To INR 230 Cr
B2B journey tech firm TBO Tek’s internet revenue rose 15% to INR 229.9 Cr in FY25 from INR 200.6 Cr in FY24.
Working income elevated 25% to INR 1,737.5 Cr throughout the yr beneath assessment from INR 1392.9 Cr in FY24. The corporate’s bills grew 29% to INR 1,537.4 Cr in FY25 from INR 1,187 Cr in FY24.
Learn Extra: TBO Tek This fall: Revenue Zooms 27% YoY To INR 59 Cr
Tracxn Slips Into Crimson
Delhi NCR–based mostly knowledge intelligence platform Tracxn reported an working income of INR 84.4 Cr in FY25, a mere 2% improve from INR 83 Cr within the earlier fiscal yr. The startup slipped into the pink throughout the yr beneath assessment, reporting a lack of INR 9.5 Cr as towards a revenue of INR 6.5 Cr in FY24.
Complete bills rose 7% to INR 83.7 Cr from INR 78.3 Cr in FY24.
Learn Extra: Tracxn Slips Into The Crimson In This fall, Posts INR 7.6 Cr Loss
Belief Fintech’s Revenue Slides 28%
Fintech SaaS firm Belief Fintech noticed its standalone internet revenue decline 28% to just about INR 9 Cr in FY25 from INR 12.57 Cr within the earlier fiscal.
Working income additionally fell 10.8% to INR 31.26 Cr throughout the yr from INR 35.04 Cr in FY24.
In the meantime, whole bills elevated 26.3% to INR 23.48 Cr in FY25 from INR 18.59 Cr within the earlier yr.
Learn Extra: Belief Fintech’s Revenue Declines 28% To INR 9 Cr In FY25
Unicommerce Posts INR 18 Cr Revenue
Ecommerce-focussed SaaS firm Unicommerce’s internet revenue elevated 34.3% to INR 17.6 Cr in FY25 from INR 13.1 Cr in FY24 on the again of sturdy high line development and an increase in variety of shoppers.
The corporate’s working income rose 30.2% to INR 134.8 Cr in FY25 from INR 103.5 Cr within the earlier fiscal yr. Adjusted EBITDA elevated 56% to INR 28.4 Cr in FY25 from INR 18.2 Cr in FY24.
Complete bills for the yr stood at INR 116.1 Cr, up 26.3% from INR 91.9 Cr in FY24.
Learn Extra: Unicommerce This fall: Revenue Rises 17% YoY To INR 3.4 Cr
Veefin’s Income Extra Than Triples
BSE SME-listed Veefin Options’ working income surged 215% to INR 78.5 Cr in FY25 from INR 20.7 Cr within the earlier fiscal yr. The fintech SaaS firm’s internet revenue jumped 119% to INR 16.2 Cr from INR 7.3 Cr in FY24.
Complete expenditure rose to INR 59.9 Cr in FY25, up 291% from INR 15.3 Cr within the earlier fiscal yr.
Learn Extra: Veefin’s H2 FY25 Revenue Jumps 94% To INR 16.35 Cr
Yatra Turns Worthwhile
The web journey aggregator’s working income grew 87% to INR 791 Cr in FY25 from INR 422 Cr within the earlier fiscal yr. It additionally turned worthwhile, posting a internet revenue of INR 36.5 Cr throughout the yr beneath assessment as towards a lack of INR 4.5 Cr in FY24.
Complete expenditure rose 75% to INR 788 Cr from INR 449.5 Cr in FY24.
Learn Extra: Yatra This fall: Revenue Surges 2.7X To INR 15.2 Cr
Yudiz’s Income Takes A Hit
Blockchain and IT improvement firm Yudiz noticed its consolidated working income fall 19% to INR 21 Cr in FY25 from INR 26.1 Cr within the earlier fiscal. Nonetheless, internet loss narrowed 39.3% to INR 1.7 Cr in FY25 from INR 2.8 Cr in FY24.
In the meantime, whole bills fell 13% to INR 27.2 Cr from INR 31.3 in FY24.
Zaggle’s Revenue Doubles
Fintech SaaS firm Zaggle reported a revenue of INR 87.9 Cr in FY25, a twofold improve from INR 44 Cr in FY24. Its working income soared 68% to INR 1,303.7 Cr throughout the yr ended March 31, 2025 from INR 775.5 Cr within the final fiscal.
Zaggle’s adjusted EBITDA grew 45.5% to INR 124.4 Cr in FY25 from INR 85.6 Cr in FY24. EBITDA margin stood at 9.6% throughout the yr beneath assessment.
Complete bills elevated 66% to INR 1,212.1 Cr in FY25 from INR 727 Cr in FY24.
Learn Extra: Zaggle This fall: Revenue Jumps 62% YoY To INR 31 Cr
With Inputs From: Anne Florentyna & Ananya Upadhyaya
Edited By: Vinaykumar Rai
Final Up to date: August 2, 6:30 PM IST
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