India, Sept. 4 -- Bessemer Venture Partners-backed digital payments startup Innoviti managed to cut its net loss by over 57% YoY to Rs.26.7 Cr in FY26 from Rs.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 Rs.118.9 Cr in the year under review as against Rs.142.6 Cr in FY25.

During the fiscal, Innovit's revenue from services fell by 17.8% YoY to Rs.101.5 Cr. Of this, Rs.97.3 Cr came from offline revenue, which shrank 20% from Rs.121.4 Cr in the previous year. Its online revenue doubled to around Rs.4.2 Cr.

Additionally, the startup registered an operating revenue of Rs.17.4 Cr from lease rentals in FY26. This figure also came down...