CashKaro FY26 revenue jumps 72% to Rs 600 cr as EBITDA losses narrow 40%
The Gurugram-based cashback and affiliate platform clocked Rs 600 cr in FY26 revenue, up from Rs 348 cr, while EBITDA losses shrank to Rs 17.7 cr. Group GMV crossed Rs 10,000 cr as brands redirect spends from Google and Meta toward affiliate channels, with EarnKaro's Telegram network driving 80% of its volumes.
What happened
CashKaro's FY26 revenue jumped 72% to Rs 600 cr while EBITDA losses narrowed 40% to Rs 17.7 cr. The cashback and affiliate platform (EarnKaro) drove Rs 10,000
Key facts
- FY26 revenue Rs 600 cr
- FY25 revenue Rs 348 cr
- revenue up 72%
- EBITDA loss Rs 17.7 cr
- EBITDA loss down 40%
- funding raised Rs 250 cr+
- GMV enabled Rs 10,000 cr
- marketing spend up 7.6%
- cashback paid Rs 2,000 cr+
- EarnKaro Telegram share 80%
Why this matters
EarnKaro's Telegram-driven 80% volume share and CashKaro's brand pull position the group as a strategic acquisition or partnership target for retailers, fintechs, or ad-tech players seeking owned affiliate distribution beyond walled gardens.