Innoviti Slashes FY26 Loss By 57% To ₹26.7 Cr, Revenue Dips By 17%
Bessemer Venture Partners-backed digital payments startup Innoviti managed to cut its net loss by over 57% YoY to ₹26.7 Cr…
Digital payments startup Innoviti managed to slash its net loss by over 57% YoY to ₹26.7 Cr in FY26, despite a 16.7% dip in revenue to ₹118.9 Cr. The company's revenue from services fell by 17.8% YoY to ₹101.5 Cr, with offline revenue shrinking 20% to ₹97.3 Cr and online revenue doubling to ₹4.2 Cr. Innoviti's operating revenue decreased by 9% to ₹17.4 Cr and its total income for the year reached ₹122.2 Cr, including ₹3.3 Cr in other income.
The startup expects to turn EBITDA positive in FY27, driven by operational improvements and cost-efficiency measures. Founded by Rajeev Agrawal and Amrita Malik, Innoviti offers sales acceleration software, revenue assurance software, and a payment collection app. The company processes over ₹80,000 Cr in gross transaction volume annually from 2,000 Indian cities and 20,000 merchants.
Innoviti received RBI authorization to operate as a payment aggregator in March 2024 and has raised over $115 Mn in funding. The startup aims to make its public market debut, with an IPO planned for a year after earlier announcements.
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