Results · Financial Services

BankBazaar narrows losses, revenue up 33% in FY25

By Startup Enthusiast · 7 January 2026

What they do

BankBazaar runs an online marketplace where users check credit scores and apply for credit cards, loans, and insurance

In FY25, operating revenue rose 33% to Rs 249 crore, while net loss fell 13% to Rs 23 crore

The company now focuses on co-branded credit card distribution and subscription-based credit health monitoring

BankBazaar reported FY25 results with operating revenue of Rs 249 crore, up 33% from Rs 187 crore in FY24.
Net loss narrowed to Rs 23 crore in FY25 from Rs 26.5 crore in FY24, a 13% improvement.
Total income grew to Rs 254 crore in FY25 from Rs 188 crore in FY24, including Rs 5 crore non-operating income.
Operating expenses rose 65% to Rs 165 crore in FY25, making up 59% of total expenses.
Employee benefit expenses fell 8% to Rs 61 crore in FY25.
Advertising spend stayed flat at Rs 14 crore in FY25.
Finance cost increased 40% to Rs 14 crore in FY25.
The company spent Rs 1.12 to earn a rupee of operating revenue in FY25.

BankBazaar's revenue growth came from a 33% rise in operating revenue, driven by its focus on co-branded credit card distribution.
Losses narrowed despite higher costs, helped by a 8% cut in employee expenses.
The company's ROCE was -9.86% and EBITDA margin was -4.42% in FY25, showing it still burns cash.
CEO Adil Shetty had earlier said the co-branded credit card distribution alone generated Rs 210 crore in recurring revenue last year.

BankBazaar operates an online marketplace for credit cards, loans, and insurance products.
Users can check their credit score for free on the platform.
The company earns commission from banks on loan disbursals, its sole revenue source.
It also offers subscription-based services for credit health monitoring.
BankBazaar has refocused on co-branded credit card distribution and subscription business.
The company operates in India's fintech space, competing with other online lending and credit marketplaces.

The company plans to continue focusing on co-branded credit card distribution and subscription-based credit health monitoring.

Product: Digital platform offering co-branded credit cards, loan sourcing and gold loan partnerships
Customers: Indian consumers seeking credit products including loans, credit cards and gold loans
How it makes money: Commission-based platform connecting consumers with financial institutions for credit distribution
What sets it apart: 67 million users with strong credit card distribution business and partnerships with financial institutions
Operations: Chennai-based platform with partnerships including Muthoot FinCorp for gold loans