India, Oct. 15 -- Neobanking unicorn 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, as its top line saw strong growth and expenses declined.

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.

Founded in 2017, OPEN rode the neobanking wave by targeting small businesses and startups with a digital-first approach to banking, payments, and financial management.

The startup became...