Wint Wealth Revenue Jumps 2.6X in FY25; Cuts Losses by 60%
Bengaluru-based wealthtech platform Wint Wealth has reported a breakout financial year for FY25, characterized by exponential top-line growth and a significant move toward bottom-line stability.
According to financial statements filed with the Registrar of Companies (RoC), the Zerodha-backed debt investment platform saw its operating revenue jump 2.6X to ₹44.5 crore in the fiscal year ended March 2025, up from ₹17.2 crore in FY24. This aggressive scaling was accompanied by a disciplined approach to costs, allowing the company to narrow its net losses by over 60%, bringing them down to ₹8.2 crore from ₹18 crore in the previous year.
Revenue Breakdown: The NBFC Engine
The primary driver of this growth was the company’s B2B lending and debt security arm.
Interest Income: Revenue from interest on debt securities and loans (facilitated via its NBFC arm, Wint Capital) accounted for 69% of total operating revenue. This segment grew 3.9X year-on-year to reach ₹30.8 crore.
Fee Income: The platform earned ₹9 crore from financial intermediary services, including facilitating bond transactions for retail investors.
Secondary Market Gains: Net gains from the trading of debt securities contributed an additional ₹4.7 crore.
Expense Management & Unit Economics
While total expenditure rose by 32% to ₹54.7 crore, it was far outpaced by revenue growth.
Employee Benefits: Remaining the largest cost center at 49% of total expenses, this rose 25.6% to ₹27 crore (including ₹4.7 crore in ESOP costs).
Interest Outgo: As the company scaled its lending operations, interest paid jumped 4.4X to ₹18.6 crore.
Efficiency: Wint Wealth significantly improved its unit economics, spending ₹1.23 to earn every rupee of operating revenue in FY25, a sharp improvement from the previous fiscal.
Strategic Outlook and Funding
The financial recovery coincides with Wint Wealth securing ₹250 crore ($28 million) in Series B funding in early 2026, led by Vertex Ventures Southeast Asia & India. The platform, which now manages over ₹6,000 crore in Assets Under Management (AUM), plans to use the capital to expand its product stack beyond corporate bonds into more diverse fixed-income instruments.
As of March 2025, the company maintains a healthy liquidity position with ₹296 crore in current assets, including ₹35 crore in cash and bank balances, positioning it strongly for its goal of achieving break-even in the near future.
Would you like me to create a comparison table between Wint Wealth's FY24 and FY25 performance metrics?
Wint Wealth Series B Funding News This video provides additional context regarding Wint Wealth's recent ₹250 crore funding round which fueled the growth described in their FY25 results.