Niyo’s FY26 income rises 78% to Rs 178 crore as losses narrow
Niyo grew income 78% to Rs 178 crore in FY26 and cut losses 58% to Rs 33 crore. The travel fintech expanded its forex and travel offerings and secured Payment Service Provider approval for its GIFT City entity.
Read the source at Entrackr · NewsletterThe numbers
| FY26 operating expenses: | Rs 201 crore |
|---|---|
| FY26 EBITDA loss: | Rs 32 crore |
| Expected annual growth: | over 50% |
| Total funding raised: | over $160 million |
Why it matters to operators and investors
Payment Service Provider approval for Niyo’s GIFT City entity makes travel-payment and forex partnerships worth exploring, subject to the approval’s scope and commercial economics.
What to watch next
- Next reported income and net loss
- Commercial service launch by Niyo’s GIFT City entity
- Announced banking or payment partnerships
- Operating-expense growth relative to income growth
Likely next moves
The desk's read of what comes next — analysis, not reported by the source.
- Niyo is likely to cross-sell more forex and travel offerings to existing customers, seeking additional income without proportional customer-acquisition spending.
- Niyo is likely to pursue commercial partnerships for its approved GIFT City entity, turning regulatory clearance into a route for expanding payment services.
- Niyo is likely to keep expense growth below income growth, favouring selective expansion as it works to narrow remaining losses.