India, Oct. 24 -- Bengaluru-based fintech startup OkCredit cut its FY25 by 34% to INR 23.2 Cr from INR 35.1 Cr loss incurred in the previous fiscal year. The startup managed to reduce its net loss on the back of a hefty uptick in its top line and an improvement in its margins.

During the fiscal, operating revenue zoomed 64% to INR 23.3 Cr from INR 14.2 Cr, while other income grew 32% to INR 1.9 Cr. This took the startup's total income to INR 25.2 Cr, compared to INR 15.7 Cr in the previous fiscal.

The improvement in topline and moderation in expenses have helped OkCredit narrow its losses after years of heavy cash burn. The startup appears to be benefiting from improved monetisation and cost efficiency.

Founded in 2017 by Aditya Prasad...