Neobank OPEN Spent INR 3.5 To Earn Every Rupee In FY25

OPEN reported a 35% decline in its net loss to INR 108.9 Cr in FY25 from INR 168.4 Cr in the previous year

Revenue from operations surged 85% INR 45.9 Cr during the year under review from INR 24.8 Cr in FY24. Including other income of INR 11.6 Cr, OPEN’s total income stood at INR 57.6 Cr in FY25

Its EBITDA loss improved to INR 96.5 Cr in FY25 from an EBITDA loss of INR 143.7 Cr in the previous fiscal year. EBITDA margin improved to -210% from -579% in FY24

Neobanking…