Wealth management and investing platform INDmoney more than doubled its operating revenue in FY25. However, the company’s losses widened during the year as it stepped up investments across trading, lending, and global investing infrastructure.
According to the company’s financial disclosures, INDmoney’s operating revenue surged 2.3X year-on-year to Rs 164 crore in FY25, compared to Rs 70 crore in FY24. Its total revenue grew 67% to Rs 214 crore during the same period.
Unlike trading-led brokerages, INDmoney said that less than 10% of its revenue…

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