Speaking with ET, CEO Adhil Shetty said that at an adjusted Ebitda level the company has posted a profit of Rs 4 crore. In this case, the adjusted Ebitda was the figure after Esop (employee stock option) costs were removed from the expenses.
While the company’s overall expenses went up to Rs 277 crore in 2025 compared to Rs 214.7 in 2024, its employee costs went down to Rs 60 crore from around Rs 65 crore a year back.
In a note, the company’s auditors pointed out that the revenue figures had changed from the previous years since the company had moved to a new accounting policy from this year in FY25.
“This year, we got around Rs 210 crore in recurring revenue from our co-branded credit card distribution business. We have shifted focus towards distributing credit cards and building a subscription business to help customers monitor their credit health,” Shetty said.
Shetty added that while the company has plans to go public eventually, the immediate focus is to increase profitability and grow the business.
Chennai-based Bankbazaar, one of the first online loan sourcing platforms in the country, recently raised Rs 55 crore from existing and new investors, including gold loan company Muthoot Fincorp. The startup entered secured lending through this investment-cum-business partnership, by starting gold loan sourcing.
Shetty did not disclose the exact figures around credit card issuances or gold loan disbursals via Bankbazaar. He pointed out that as the country’s credit card ecosystem grows, he is betting big on distributing more cards and increasing market share.
“We get a commission on sourcing customers, and we also get a share of the transaction income when the customer uses the card for payments. That helps build a recurring revenue pipeline for us,” Shetty told ET.
Founded in 2008, Bankbazaar is backed by Peak XV Partners, Walden International, Amazon, and others. The company has raised $122 million since inception and competes with the likes of Paisabazaar, part of PB Fintech.