India, Sept. 22 -- IPO-bound fintech major PhonePe's revenue crossed the INR 7,000 Cr mark in FY25, as its operating revenue zoomed 40.5% to INR 7,114.8 Cr from INR 5,064.1 Cr in the previous year.

On the back of this increase in revenue and improvement in margins, the Walmart-owned company managed to narrow its net loss by 13.5% to INR 1,727.4 Cr in FY25 from INR 1,996.1 Cr in FY24.

Total expenditure increased 21.2% to INR 9,394 Cr from INR 7,754.2 Cr in FY24.

The startup, founded in 2012 as a digital payments platform, converted into a public limited firm in May 2025. PhonePe has expanded its offerings over the years, and runs a wide portfolio of businesses including payments, insurance broking, wealth management, stock broking, hype...