In-progress
Loss narrowing, unit economics improving, near-breakeven trajectory.
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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.
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.
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.
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%.
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.
Purplle
₹1,367 Cr
FY2025 Revenue (Consol)
₹218 Cr
Advertising Spend
Purplle Doubled Revenue Without Spending More on Ads.
Renee
₹312 Cr
FY2025 Revenue
₹152 Cr
Advertising Spend
Renee Spends ₹49 to Earn ₹100.
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%
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.
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.
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.
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.
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.
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.
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.
Scapia
₹40.42 Cr
Total income FY2025
₹83.05 Cr
Net loss FY2025