Broken / early
Loss deepening, structural gross-margin issues, or persistent capital-vs-revenue gap.
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Flipkart
₹82,787 Cr
FY25 revenue (+17%)
-₹5,189 Cr
FY25 net loss (widened 22%)
The Flipkart Entity Nobody Talks About Lost ₹5,189 Cr.
BigBasket
BigBasket Lost ₹3,857 Cr Last Year. It Has Zero Bank Debt.
BigBasket
-₹1,851 Cr
Net loss FY25 (widest on record)
+46%
Loss widening year on year
BigBasket's App Alone Lost ₹1,851 Cr in FY25. It Spent ₹497 Cr on Ads.
BigBasket
There Are Two BigBaskets. Both Just Had Their Worst Year.
The Good Glamm Group
How the Good Glamm Group Ran Out of Money
The Good Glamm Group
Good Glamm Has ₹594 Cr of Registered Secured Debt Still Active
The Good Glamm Group
Eight Brands. One Year. ₹1,230 Cr Out the Door.
Meesho
96.87%
Meesho Inc (Delaware) ownership of Meesho Ltd (India) at FY25 close
2
100%-owned Indian subsidiaries (both incorp Mar 2024)
Meesho Inc (Delaware) Still Owns 96.87% of Meesho Ltd (India).
Meesho
₹0
Balance sheet borrowings at FY25 close
₹1,750 Cr
Cumulative charges registered FY22-FY26
Meesho's Charges Register: 11 Loans, ₹1,750 Cr Registered, ₹0 Debt at Year End.
Meesho
₹1,409 Cr
Combined founder remuneration (FY25)
₹1,084 Cr
Vidit Aatrey (Whole-Time Director)
Meesho's Founders Took ₹1,409 Cr in FY25. FY24 They Took ₹7 Cr.
Meesho
₹9,388 Cr
Revenue from operations (+23% YoY)
-₹3,883 Cr
Net PAT (widened 12.7x from -₹305 Cr)
Meesho Lost ₹3,883 Cr in FY25. Its Founders Took ₹1,409 Cr.
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.
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%.
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.
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.
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.
Vedantu
₹227 Cr
FY25 Revenue (Consol, +23%)
-₹123 Cr
Reported PAT
Vedantu's Reported Loss Fell 22%. Operating Loss Widened 25%.
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.
Pilgrim
₹408 Cr
FY2025 Revenue
₹235 Cr
Advertising Spend
Pilgrim Doubled Revenue. The Loss Almost Tripled.
SuperTails
₹120 Cr
FY2025 Revenue
-₹30 Cr
FY2025 Net Loss
SuperTails Has ₹23 Lakh Cash. Revenue Is ₹120 Cr.
UpperCase
₹83 Cr
FY2025 Revenue
-₹35 Cr
FY2025 Net Loss
UpperCase Spent ₹144 to Earn ₹100.
CarDekho
₹2,643 Cr
Consolidated Revenue
-₹401 Cr
Consolidated Loss
CarDekho Made ₹21 Cr Profit. Lost ₹401 Cr As a Group.
Sahi
₹5 Lakh
Revenue From Customers
₹19 Cr
FY2025 Net Loss
Sahi Raised ₹57 Crore. Customers Paid ₹5 Lakh.
KukuFM
₹258 Cr
FY2025 Revenue
₹102 Cr
FY2024 Marketing Spend
KukuFM Spent More on Marketing Than It Earned. Revenue Tripled. Losses Didn't Fall.
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.
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.
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.
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.
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.
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