Innoviti cuts FY26 loss 57% to ₹26.7 crore as revenue falls 17%

Payment aggregator Innoviti reduced FY26 expenses by nearly 28%, narrowing its net loss from ₹62.1 crore to ₹26.7 crore. Revenue declined to ₹118.9 crore, led by a 20% fall in offline revenue, while online revenue roughly doubled. The company targets EBITDA positivity in FY27.

— Source publishedFri, 4 Sept, 2026, 19:33 IST·First seen Fri, 4 Sept, 2026, 20:27 IST·Source Inc42 · Buzz

What happened

Indian payment aggregator Innoviti cut FY26 net loss 57% to ₹26.7 Cr through lower expenses, while revenue fell 17% to ₹118.9 Cr. The firm, serving 20,000-plus

Key facts

  • FY26 net loss: ₹26.7 Cr, down 57% YoY from ₹62.1 Cr
  • FY26 revenue: ₹118.9 Cr, down 16.7% YoY from ₹142.6 Cr
  • Service revenue: ₹101.5 Cr, down 17.8% YoY
  • Offline revenue: ₹97.3 Cr, down 20% YoY
  • Online revenue: approximately ₹4.2 Cr, doubled YoY
  • Lease-rental operating revenue: ₹17.4 Cr, down 9% YoY
  • Total FY26 income: ₹122.2 Cr
  • FY26 expenses: ₹148.9 Cr, down nearly 28% YoY
  • Annual GTV: over ₹80,000 Cr
  • Merchant network: over 20,000 merchants across 2,000 Indian cities
  • Funding raised to date: over $115 Mn
  • Latest funding: $11.4 Mn Series M

Why this matters

Innoviti’s doubling online revenue highlights a potential digital-payments growth lever, while its weaker offline business may make channel partnerships or merchant-network consolidation strategically attractive.

What to watch

  • Quarterly offline revenue trend and whether the roughly 20% decline moderates.
  • Online revenue growth durability, take-rate trends, and contribution margin after incentives and payment-processing costs.
  • Absolute operating-expense trajectory; FY27 breakeven requires expenses to remain controlled even if sales investment rises.
  • Merchant retention, transaction volumes, and concentration among large retail or bank partners.
  • Cash runway, fundraising activity, and any revised timing for EBITDA positivity.
  • RBI/payment-aggregator compliance developments or changes in MDR, interchange, and bank-settlement economics.
  • Prioritize online payment aggregation, where revenue approximately doubled, through merchant cross-sell and higher-value checkout integrations.
  • Reduce exposure to unprofitable offline acquiring relationships, renegotiate processing costs, and concentrate field operations in denser merchant clusters.
  • Use improved loss metrics to pursue funding, bank partnerships, or strategic distribution deals, while facing investor scrutiny over the 17% revenue decline.
  • Increase monetization of existing merchant relationships through payment-linked credit, software, loyalty, or reconciliation tools rather than relying solely on transaction fees.

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