PhonePe FY26 Loss Narrows to ₹364 Crore After Adjusting Non-Cash Expenses
Why Doesn’t PhonePe’s ₹2,792 Crore FY26 Loss Tell the Full Story? Walmart-backed fintech PhonePe reported a net loss of ₹2,792 crore for FY26, but the headline figure masks a much stronger underlying operating performance. A closer examination of the company’s financial statements shows that a significant portion of the reported loss stemmed from non-cash accounting […]
Prashant Pitti’s Optimo Capital Reports 5X Revenue Growth, PAT at ₹10.5 Crore
MSME-Focused NBFC Strengthens Presence in Tier-II and Tier-III India with Rapid Lending Growth Optimo Capital, the MSME-focused non-banking financial company (NBFC) founded by EaseMyTrip co-founder Prashant Pitti, has reported a strong financial performance for FY26, posting more than fivefold growth in revenue while significantly improving profitability. In just its second year of operations, the Bengaluru-based […]