Innoviti Cuts FY26 Loss By 57%, Revenue Drops 17%

Digital payments startup Innoviti has significantly reduced its net loss by 57% year-on-year, reporting ₹26.7 crore (approximately $3.2 million) for the fiscal year ending March 2026. This marks an improvement from the ₹62.1 crore loss recorded in the previous fiscal year.

The reduction in losses was achieved despite a 17% decline in the company's top line, with revenue falling to ₹118.9 crore in FY26 from ₹142.6 crore in FY25. Revenue from services decreased by 17.8% to ₹101.5 crore, with offline revenue, the largest component, seeing a 20% drop. Online revenue, however, doubled to approximately ₹4.2 crore.

Innoviti attributes its path to profitability to operational improvements and cost-efficiency measures. The company managed to cut its total expenses by nearly 28% in FY26, amounting to ₹148.9 crore. Innoviti projects it will achieve EBITDA positive status in FY27.

Founded in 2002, Innoviti offers payment solutions and processes a significant volume of transactions annually. Recently, the company received authorization from India's central bank to operate as a payment aggregator for both online and offline transactions.