Innoviti Slashes FY26 Loss By 57% To ₹26.7 Cr, Revenue Dips By 17%
AI Summary
Bessemer Venture Partners-backed digital payments startup Innoviti managed to cut its net loss by over 57% YoY to ₹26.7 Cr in FY26 from ₹62.1 Cr loss incurred in the previous fiscal. The startup managed to cull its loss despite its top line taking a hit during the fiscal, falling by 16.7% to ₹118.9 Cr in the year under review as against ₹142.6 Cr in FY25. During the fiscal, Innovit’s revenue from services fell by 17.8% YoY to ₹101.5 Cr.
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