Broken / early
Loss deepening, structural gross-margin issues, or persistent capital-vs-revenue gap.
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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