What the filings say.
86 Indian startups. Revenue, profit, debt, and cash flow from audited MCA filings. Not press releases. Not founder interviews. Not analyst estimates.
Swish
₹4 Cr
Revenue from operations (9-month stub year)
-₹19 Cr
Net PAT (loss in stub period)
Swish Earned ₹4 Cr. Spent ₹23 Cr. Sits on ₹119 Cr Cash.
Country Delight
₹775 Cr
Revenue from operations (+43% YoY)
-₹249 Cr
Net PAT (loss widened 33% from -₹186 Cr)
Country Delight Raised ₹622 Cr. Burned ₹269 Cr. Parked ₹207 Cr.
BlissClub
₹132 Cr
Revenue from operations (+51% YoY)
-₹20 Cr
Net PAT (loss cut 54% from -₹44 Cr)
BlissClub Halved Its Loss. The Cost It Cut Was Payroll.
Snitch
₹498 Cr
Revenue from operations (+106% YoY)
-₹2 Cr
Net PAT (flipped from +₹4.4 Cr profit)
Snitch Doubled Revenue. Tripled Payroll. Flipped to a Loss.
CashKaro
₹341 Cr
Revenue from operations (+21% YoY)
-₹38 Cr
Net PAT (loss widened 64% from -₹23 Cr)
CashKaro's Stock-in-Trade Tripled to ₹118 Cr. Loss Widened 64%.
LendenClub
₹227 Cr
Revenue from operations (+28% YoY)
+₹28.6 Cr
Net PAT (swung from -₹10.7 Cr loss)
LendenClub Turned Profitable. ₹28.6 Cr PAT on ₹241 Cr Income, From a -₹10.6 Cr Loss.
INDmoney
₹164 Cr
Consolidated revenue (+133% YoY)
-₹133 Cr
Consolidated PAT (loss widened 61%)
INDmoney's Consolidated Revenue Doubled to ₹164 Cr. Its Consolidated Loss Widened by ₹50 Cr.
InCred Holdings
₹1,874 Cr
Consolidated revenue (+47% YoY)
+₹373 Cr
Consolidated PAT (+21% from ₹309 Cr)
InCred Holdings (Formerly KKR Capital Markets India) Made ₹373 Cr Profit on ₹1,874 Cr Revenue.
WintWealth
₹45 Cr
Consolidated revenue (+159% YoY)
-₹8 Cr
Consolidated PAT (loss narrowed 61%)
WintWealth's PAT Was -₹8 Cr. Its Operating Cash Burn Was -₹176 Cr.
Stashfin
₹710 Cr
Total revenue from operations (-9.8% YoY)
+₹85 Cr
Net PAT (up 27% from ₹67 Cr)
Stashfin's Loan Book Grew 20% to ₹1,675 Cr. Impairment Charges Fell 35%.
Faircent
₹27 Cr
Revenue from operations (FY25, -42% YoY)
+₹0.34 Cr
Net PAT (down 93% from ₹4.74 Cr)
Faircent's Revenue Contracted 42%. The Profit Almost Disappeared.
Redcliffe Labs
₹431 Cr
Consolidated revenue (+23.7% YoY)
-₹134 Cr
Consolidated PAT (loss narrowed 46% from ₹250 Cr)
Redcliffe Labs Cut Its Consolidated Loss 46%. Raised Another ₹190 Cr.
Tata 1mg
₹2,353 Cr
Consolidated revenue (+19.6% YoY)
-₹271 Cr
Consolidated PAT (loss narrowed 13%)
Tata 1mg's Standalone Made ₹65 Cr Profit. The Group Lost ₹271 Cr.
Orange Health
₹84 Cr
Revenue from operations (+84% YoY)
-₹81 Cr
Reported PAT (flat YoY vs -₹80 Cr)
Orange Health Doubled Revenue. The Reported Loss Did Not Move.
HealthifyMe
₹178 Cr
Revenue from operations (-14% YoY)
-₹4.7 Cr
Net PAT (loss narrowed 95% from ₹88 Cr)
HealthifyMe Cut Its Loss 95%. Operating Cash Flow Worsened to -₹74 Cr.
Healthians
+8.7%
Revenue growth FY2025
-79%
Net loss reduction
Healthians Cut Its Loss 79%. Net Worth Is Negative ₹901 Cr.
PharmEasy
₹5,872 Cr
Consolidated revenue (+3.7% YoY)
-38%
Net loss reduction (₹2,534 → ₹1,572 Cr)
PharmEasy's Loss Narrowed 38%. The Cumulative Goodwill Write-Down Is ₹4,850 Cr.
Furlenco
+66%
Revenue growth FY2025
-99%
Net loss reduction (₹125 Cr → ₹1.6 Cr)
Furlenco Cut Losses 99%. The ₹100 Cr It Raised Went to Debt, Not Growth.
Amazon
-89%
Net loss reduction YoY
₹30,139 Cr
FY2025 revenue (+19%)
Amazon Cut Its India Marketplace Loss 89%. The Cumulative Bill Is ₹45,650 Cr.
Ola
-47.5%
Revenue from operations YoY
₹1,279 Cr
Ola Electric stake markdown (OCI)
Ola's Cabs Business Lost Half Its Revenue. The Ola Electric Stake Halved Too.
Uber India
-89%
Rides segment revenue YoY
₹1,407 Cr
Rides segment loss
Uber India's Rides Revenue Fell 89%. Its Rides Costs Didn't.
Google Pay
₹50 Cr
FY2025 PAT (-55%)
+₹492 Cr
License fee increase to GAP
Google Pay India's Profit Halved. License Fees to Singapore Grew 13x.
Vedantu
₹227 Cr
FY25 Revenue (Consol, +23%)
-₹123 Cr
Reported PAT
Vedantu's Reported Loss Fell 22%. Operating Loss Widened 25%.
upGrad
₹1,569 Cr
FY25 Revenue (Consol, +5.5%)
-₹274 Cr
Net Loss (compressed 51%)
upGrad Cut Its Loss in Half. Revenue Grew Only 6%.
Myntra
₹6,043 Cr
FY2025 Revenue (+18%)
+₹548 Cr
Net Profit (21x YoY)
Myntra's Profit Grew 21x. Revenue Grew 18%.
Scaler
₹363 Cr
FY2025 Revenue (-5%)
+₹3.43 Cr
First Reported Profit
Scaler's First Profit Came From Cuts. Revenue Fell 5%.
Fresh2Home
₹421 Cr
FY2025 Revenue (+14%)
₹481 Cr
Reported COGS (114% of revenue)
Fresh2Home's Reported COGS Exceeds Revenue. The Filing Doesn't Show Why.
Captain Fresh
₹3,421 Cr
Consolidated Revenue (+145%)
+₹42 Cr
First Reported PAT
Captain Fresh's P&L Inflected. The Cash Hasn't Caught Up.
Plum (Pureplay Skin Sciences)
₹402 Cr
FY2025 Revenue (+23%)
+₹25 Cr
FY2025 Net Profit
Plum Became Profitable Without Raising Capital.
mCaffeine
₹237 Cr
FY2025 Revenue (+23%)
-₹37 Cr
Advertising Cut
mCaffeine Didn't Grow Out of Losses. It Cut Them.
BRND.ME
₹374 Cr
FY2025 Revenue (-25%)
-₹256 Cr
FY2025 Net Loss
Mensa Is Unwinding Its Roll-Up.
Purplle
₹1,367 Cr
FY2025 Revenue (Consol)
₹218 Cr
Advertising Spend
Purplle Doubled Revenue Without Spending More on Ads.
Pilgrim
₹408 Cr
FY2025 Revenue
₹235 Cr
Advertising Spend
Pilgrim Doubled Revenue. The Loss Almost Tripled.
Renee
₹312 Cr
FY2025 Revenue
₹152 Cr
Advertising Spend
Renee Spends ₹49 to Earn ₹100.
Snapmint
₹151 Cr
Consolidated Revenue
+₹6.8 Cr
Consolidated PAT
Snapmint Borrowed ₹288 Cr. Made ₹6.8 Cr Profit.
Unacademy
₹702 Cr
Consolidated Revenue
-16%
Revenue Change
Unacademy Is Smaller. Losses Fell Anyway.
SuperTails
₹120 Cr
FY2025 Revenue
-₹30 Cr
FY2025 Net Loss
SuperTails Has ₹23 Lakh Cash. Revenue Is ₹120 Cr.
Zeta
₹599 Cr
FY2025 Revenue
-33%
Revenue Change YoY
Zeta Is Profitable. But 33% Smaller.
UpperCase
₹83 Cr
FY2025 Revenue
-₹35 Cr
FY2025 Net Loss
UpperCase Spent ₹144 to Earn ₹100.
RentoMojo
₹266 Cr
FY2025 Revenue
+₹43 Cr
FY2025 PAT
RentoMojo Made ₹116 Cr in Operating Cash. Spent ₹111 Cr Buying Things to Rent.
ShareChat
₹723 Cr
Revenue (Flat)
-₹1,108 Cr
Loss (Halved)
ShareChat Halved Its Loss. Revenue Didn't Grow.
MoneyView
₹2,339 Cr
Consolidated Revenue
+₹240 Cr
Consolidated PAT
MoneyView Made ₹240 Cr Profit. Took ₹3,413 Cr in Debt.
Dhan
₹877 Cr
FY2025 Revenue
+₹408 Cr
FY2025 PAT
Dhan's Numbers Don't Look Like a Startup
CarDekho
₹2,643 Cr
Consolidated Revenue
-₹401 Cr
Consolidated Loss
CarDekho Made ₹21 Cr Profit. Lost ₹401 Cr As a Group.
Licious
₹775 Cr
FY2025 Revenue
-₹210 Cr
FY2025 Net Loss
Licious FY2025: Revenue ₹775 Cr, Loss ₹210 Cr. A Year of Survival, Not Growth.
OneCard
₹1,878 Cr
FY2025 Revenue
-₹298 Cr
FY2025 Net Loss
OneCard FY2025 Financials: ₹1,878 Cr Revenue, ₹298 Cr Loss, Branding Spend Cut 85%
BookMyShow
₹1,831 Cr
Consolidated Revenue
₹250 Cr
Operating Cash Flow
BookMyShow FY2025: Revenue ₹1,831 Cr, OCF ₹250 Cr, ₹69 Cr in Employee Cost Nobody Was Paid
Sahi
₹5 Lakh
Revenue From Customers
₹19 Cr
FY2025 Net Loss
Sahi Raised ₹57 Crore. Customers Paid ₹5 Lakh.
PocketFM
₹580 Cr
FY2025 Revenue
₹16 Cr
FY2024 Net Loss (down from ₹69 Cr)
PocketFM Cut Losses 77%. Turned Cash-Flow Positive. Half Its Revenue Is One US Customer.
GIVA
₹519 Cr
FY2025 Revenue
58%
FY2024 Gross Margin
GIVA Lost ₹52 Cr. Burned ₹98 Cr in Cash. That's the Real Story.
KukuFM
₹258 Cr
FY2025 Revenue
₹102 Cr
FY2024 Marketing Spend
KukuFM Spent More on Marketing Than It Earned. Revenue Tripled. Losses Didn't Fall.
Plum
₹66.98 Cr
Consolidated Revenue FY2025 (+62% YoY)
₹13.96 Cr
Consolidated Net Loss FY2025
Plum Lost ₹14 Cr. The Broker Works. The Platform Doesn't.
Zetwerk
₹8,540 Cr
FY2025 Standalone Revenue (-27% YoY)
₹918 Cr
FY2024 Consolidated Net Loss
Zetwerk Revenue Fell ₹3,000 Cr. Not in Any Press Release.
Blue Tokai Coffee
₹325 Cr
Revenue FY2025 (+51%)
₹50 Cr
Net Loss FY2025 (down from ₹63 Cr)
Blue Tokai Scaled for Years. Losses Fell Only Now.
Infra.Market
₹6,053 Cr
Standalone Revenue FY2025
₹247 Cr
Standalone Net Profit FY2025
Infra.Market Grew 37%. Profit Fell. Then Raised ₹3,000 Cr Anyway.
Third Wave Coffee
₹269 Cr
Revenue FY2025 (flat from ₹241 Cr in FY2024)
₹110 Cr
Net Loss FY2024 (last disclosed)
Third Wave Coffee Opened Dozens of Stores. Losses Doubled. Revenue Grew 67%.
CheQ
₹84 Cr
Revenue FY2025 (+487% YoY)
₹33 Cr
Net Loss (halved from ₹70 Cr)
CheQ Earned ₹84 Cr. It Spent ₹87 Cr Getting There.
Acko
₹118 Cr
Standalone Revenue FY2025 (flat YoY)
₹194 Cr
Standalone Net Loss FY2025
Acko Shows ₹118 Cr Revenue. The Real Business Did ₹1,870 Cr.
Noise
₹1,048 Cr
Revenue FY2025 (–24% YoY)
+₹2.17 Cr
First profit after two years
Noise Made ₹2 Cr Profit. Generated ₹176 Cr Cash. Revenue Fell 24%.
UltraHuman
₹542 Cr
Revenue FY2025 (+447% YoY)
+₹106 Cr
Net profit (56% gross margin)
UltraHuman Made ₹106 Cr Profit. Revenue Grew 5x. Employee Costs Were ₹37 Cr.
Spinny
₹4,650 Cr
Consolidated Turnover FY2025
₹672 Cr
Consolidated Net Loss FY2025
Spinny Shows ₹4.65 Cr Revenue. The Real Number Is ₹4,650 Cr.
MyGate
₹173 Cr
Revenue FY2025 (+80% YoY)
₹140 Cr
Net Worth FY2025
MyGate Grew 80%. The Filing Doesn't Disclose the Loss.
FamPay
₹44.46 Cr
Revenue FY2025 (+184% YoY)
₹3.31 Cr
Net Loss (down 31%)
FamPay Has 6 Million Users. It Earns ₹74 Per User Per Year.
Slice
₹604 Cr
Total Income FY2025 (Year 1 as bank)
-₹317 Cr
Net Loss After Tax
Slice Became a Bank. Year One: ₹604 Cr Income, ₹317 Cr Loss, ₹2,905 Cr Loan Book.
BharatPe
₹1,667 Cr
Revenue FY2025 (+17% YoY)
-₹88 Cr
PAT (vs -₹492 Cr FY2024)
BharatPe's Losses Look Better. Its Cash and Debt Do Not.
Chaayos
₹305 Cr
Revenue FY2025 (+23% YoY)
-₹25 Cr
PAT (vs -₹54 Cr FY2024)
Chaayos Halved Losses. Operations Generated Cash for the First Time. Still Not Profitable.
Chai Point
₹208 Cr
Revenue FY2025 (+4.3% YoY)
₹14.50 Cr
Cash remaining (vs ₹41.67 Cr FY2024)
Chai Point's Loss Looks Stable. Strip Out the One-Time Item and It Worsened.
Kissht
₹306 Cr
Revenue FY2025 (-26% YoY)
₹51 Cr
PAT (profitable 3rd year running)
Kissht Is Profitable. Revenue Fell 26%. The Filing Doesn't Say Why.
Zerodha
₹8,810 Cr
Revenue FY2025 (-11.5% from record FY2024)
₹4,232 Cr
PAT, 48% net margin
Zerodha Made ₹4,232 Cr Profit. Revenue Actually Fell 11%.
Razorpay
₹2,254 Cr
Total Revenue FY2025 (inc. discontinued)
+₹313 Cr
Operating Cash Flow (turned positive)
Razorpay's Payments Business Made ₹64 Cr. The Headline Shows -₹1,022 Cr.
PhonePe
₹6,544 Cr
Revenue FY2025 (+33% YoY)
+₹1,903 Cr
Operating cash flow
PhonePe Lost ₹1,265 Cr on Paper. It Generated ₹1,903 Cr in Cash.
Porter
₹4,287 Cr
Revenue FY2025 (+57% YoY)
+₹131 Cr
First full-year profit
Porter Grew Revenue 5x and Turned Profitable. Without Raising a Rupee.
Rapido
₹910 Cr
Revenue FY2025 (+40% YoY)
-₹240 Cr
Loss - down 64% from FY2023 peak
Rapido Doubled Revenue. Losses Fell 64%. It Has Zero Debt.
Zepto
₹4,455 Cr
Revenue FY2024 (+120% YoY)
-₹1,249 Cr
Loss - flat despite revenue doubling
Zepto Doubled Revenue. Losses Barely Moved. That's the Point.
OYO
₹6,253 Cr
Consolidated revenue FY2025
+₹233 Cr
Second consecutive PAT profit
OYO Posted a Profit. Pre-Tax, It Lost ₹501 Cr. Here's the Difference.
Sugar Cosmetics
₹405 Cr
FY2025 total income (standalone)
−₹134 Cr
FY2025 net loss (doubled YoY)
Sugar Cosmetics Revenue Fell. Marketing Spend Didn't. Losses Doubled.
Upstox
₹1,150 Cr
FY2024 revenue from operations
₹177 Cr
FY2024 profit before tax
Upstox's First Profitable Year: It Grew Revenue and Cut Headcount Costs at the Same Time.
boAt
₹3,063 Cr
Standalone revenue FY2025
₹64 Cr
First profit in three years
boAt Cut Its Way to Profit. Revenue Still Hasn't Recovered.
CRED
₹2,397 Cr
FY2024 consolidated revenue from operations
₹1,646 Cr
FY2024 consolidated net loss
CRED Generated ₹2,397 Cr Revenue. Its Total Accumulated Loss Is ₹5,256 Cr.
Navi
−₹126 Cr
FY2025 net loss (continuing ops)
−67%
Navi Finserv (NBFC) PAT YoY
Navi Was Profitable in FY2024. Strip Out the One-Off. It Wasn't.
Kiwi
₹64.18 Cr
FY2025 net loss
₹50.66 Cr
FY2025 'other expenses', 13x revenue
Kiwi Earned ₹3.83 Cr. It Spent ₹50.66 Cr on 'Other Expenses.'
Dezerv
₹65.62 Cr
FY2025 consolidated revenue
−₹111.98 Cr
FY2025 consolidated net loss
Dezerv Earned ₹65 Cr. It Spent ₹111 Cr on Salaries Alone.
Jar
₹188.78 Cr
Total income FY2025
₹13.17 Cr
First-ever net profit
Jar Lost Money for Four Consecutive Years. FY2025 Was Different.
Scapia
₹40.42 Cr
Total income FY2025
₹83.05 Cr
Net loss FY2025
Scapia Grew Revenue 67% and Cut Costs. Still Lost ₹83 Cr.
Super Money
Rs 93.97 Cr
Total income FY2025
Rs 147.81 Cr
Net loss FY2025
Flipkart Built a Fintech. Losses Grew 7x Faster Than Revenue.
Stable Money
Rs 104.4 Cr
Reported revenue
~Rs 3.6 Cr
Retained income