{
  "id": 5578036,
  "title": "Innoviti Slashes FY26 Loss By 57% To ₹26.7 Cr, Revenue Dips By 17%",
  "url": "https://urgent.news/2026/09/04/innoviti-slashes-fy26-loss-by-57-to-26-7-cr-revenue-dips-by-17",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T14:03:24.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/innoviti-slashes-fy26-loss-by-57-to-%e2%82%b926-7-cr-revenue-dips-by-17/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Bessemer Venture Partners-backed digital payments startup Innoviti managed to cut its net loss by over 57% YoY to ₹26.7 Cr…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}