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Fintechs chase new revenue; Flipkart’s food delivery launch Want this newsletter delivered to your inbox? Also in the letter Listed fintech firms are widening revenue
Fintechs chase new revenue; Flipkart’s food delivery launch Want this newsletter delivered to your inbox? Also in the letter Listed fintech firms are widening revenue bets as core growth cools Growth moves out of the fast lane Groww’s revenue growth slowed from more than doubling in FY24 to 50% in FY25 and 19% in FY26; Pine Labs ' eased to 19% from 29%. to and; ' eased to 19% from 29%. Paytm's payments revenue grew 33% in June after contracting in FY25, though the growth came off a base that was still rebuilding after regulatory action.
in June after contracting in FY25, though the growth came off a base that was still rebuilding after regulatory action. PhonePe’s growth slowed to 11% from 40% after real-money gaming and rent-payment revenue streams ended. Non-payment businesses contributed 18% of first-half FY26 revenue, up from 7% in FY23. The company withdrew its IPO earlier this year citing choppy markets and a valuation mismatch. Finding new engines: Finding new engines Financial services formed a third of Paytm’s FY26 revenue, while it plans to invest Rs 100 crore in Paytm Money. Pine Labs’ card-issuing services and prepaid distribution grew twice as fast as merchant payments and transaction processing.
Groww is adding wealth products as equity derivatives’ income share falls; Kissht is expanding secured credit and mutual-fund distribution. Flipkart may launch food delivery mid-August, mulls commissions of up to 11%: Sources Driving the news Sources say Flipkart has floated a 9% commission plus 2% handling charge, though final pricing is still being discussed. The pilot may use both its main app and a separate app, and will begin in partnership with ONDC. Flipkart plans to test both faster delivery for cheaper items
and standard delivery, then decide how to expand. Setting context In the fray Also Read Flipkart's Kalyan Krishnamurthy rules out IPO timeline, plays down quick commerce as a separate business Zepto pauses IPO, announces pre-IPO funding round What happened CEO’s take Financials Shiprocket to launch IPO in 1-2 weeks at a valuation of Rs 7,000 crore Details Other Top Stories By Our Reporters Tata talks subassembly production with ASML UPI volumes hit record high in July Inside DLI 2.0 Global Picks We Are Reading
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