Featured Deep Dive
Super Money
Annual Filings FY2024–FY2025
Source: Annual filings, Registrar of Companies
FINTECH / INSURANCE & FINANCIAL PRODUCTS DISTRIBUTION · Annual Filings FY2024–FY2025 · April 2026
Rs 93.97 Cr Earned. Rs 147.81 Cr Lost. The Filing Behind Flipkart's Super Money.
TL;DR
- –Super Money's legal entity is Scapic Innovations Private Limited - an AR startup incorporated in 2017, acquired by Flipkart, and repurposed as its fintech arm. The NIC code in the FY2025 filing still says 'Developing application software'.
- –Total income in FY2025 was Rs 93.97 Cr. Net loss was Rs 147.81 Cr. The company spent Rs 2.57 for every Re 1 it earned. Revenue grew 4.8x from FY2024. Losses grew 7.2x.
- –The entity is 100% owned by Flippay Private Limited, Singapore - a Walmart-controlled holding vehicle. Capital is not the constraint. Whether the unit economics can ever support the cost base being built is the open question.
Latest Articles
Latest Articles
Fintech / Insurance & Financial Products Distribution
Rs 93.97 Cr Earned. Rs 147.81 Cr Lost. The Filing Behind Flipkart's Super Money.
Super Money posted Rs 93.97 Cr in revenue for FY2025. It lost Rs 147.81 Cr doing it. The filing is registered under a company called Scapic Innovations - an AR startup Flipkart acquired, left dormant for two years, and repurposed as its fintech arm.
Fintech / Fixed-Income Distribution Platform
Rs 104 Cr Revenue. Rs 3.6 Cr Real Business. Rs 44.9 Cr Lost.
Stable Money reported Rs 104 Cr in consolidated revenue. The platform itself retained Rs 3.6 Cr. The gap tells you everything.
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