Open FY25 revenue almost doubles to Rs 46 crore, net loss at over Rs 100 crore
22 Oct 2025, 03:35 PMTotal expenses of the startup fell 18% to Rs 160 crore in the last financial year from Rs 195 crore in FY24.
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Neobanking startup Open, touted as India's 100th unicorn, saw its revenue from operations almost double to Rs 46 crore in the financial year ended March 31, 2025 as compared to Rs 24.8 crore in the previous fiscal.
Open's net loss narrowed to Rs 108.8 crore in FY25 from Rs 169.6 crore in the previous financial year, the Entrackr reported citing the company's filings with the Registrar of Companies (RoC).
Total expenses of the startup fell 18% to Rs 160 crore in the last financial year from Rs 195 crore in FY24. Employee benefit accounted for Rs 100 crore of the company's total expenses during the fiscal year.
In 2022, Open had emerged as the 100th unicorn after announcing a fundraise of $50 million led by brokerage firm IIFL and participation from existing investors like Temasek, Tiger Global and 3one4 Capital.
However, the startup has struggled with broken partnerships, a failed lending bet and vague pivot plans among others. The Head and Tale did a deep dive on the company's bumpy ride since the famed unicorn tag. Click here to read.
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