Wint Wealth Reports Strong Financial Performance in FY25

Bengaluru-based debt investment platform Wint Wealth has demonstrated impressive financial results for the fiscal year ending March 2025, with operating revenue growing 2.6 times and losses reduced by more than 60% to Rs 8.2 crore. Wint Wealth, which has been operational for six years, achieved an operating revenue of Rs 44.5 crore in FY25, up from Rs 17.2 crore in FY24, as detailed in its financial statements submitted to the Registrar of Companies (RoC).

About Wint Wealth

Founded in 2020, Wint Wealth enables retail investors to place funds in fixed-income options such as corporate bonds, securitised debt instruments, and non-convertible debentures (NCDs). In addition, it provides B2B lending through its NBFC subsidiary, Wint Capital.

Revenue Sources

The company predominantly generates revenue from interest income on debt securities, which includes earnings from loans facilitated through Wint Capital, assessed through the effective interest rate (EIR) method. This sector represented 69% of the overall operating income, surging 3.9 times year-on-year to reach Rs 30.8 crore in FY25.

Fee-Based Income

Wint Wealth also gains fee-based income from its financial intermediary services, helping to facilitate debt investments and bond dealings, contributing Rs 9 crore in FY25. The remaining income was derived from net gains through trading debt securities in the secondary market, amounting to Rs 4.7 crore for the fiscal year concluding in March 2025. Additionally, Wint Wealth earned Rs 2.3 crore in interest from current investments and other non-operating sources, raising its total income to Rs 46.8 crore.

Cost Structure

Employee benefit expenses represented the largest portion of costs for the wealthtech company, making up 49% of total expenses. This cost saw an increase of 25.6% to Rs 27 crore in FY25, which included Rs 4.7 crore attributed to ESOP costs. Another significant expenditure was interest, constituting 34% of total costs, which soared 4.4 times to Rs 18.6 crore in FY25.

Additional Overheads

Other overheads such as advertising, legal and professional services, and administrative costs pushed the company’s total expenditure up by 32%, rising to Rs 54.7 crore in FY25 from Rs 41.5 crore the previous year.

Performance Metrics

The substantial 2.6 times increase in operating scale enabled the Zerodha-backed Wint Wealth to reduce its losses by over 60%, bringing them down to Rs 8.2 crore in the last fiscal year. On a unit basis, Wint Wealth spent Rs 1.23 to generate one rupee of operating revenue in FY25. As of March 2025, the company reported current assets amounting to Rs 296 crore, which included Rs 35 crore in cash and bank balances.

Funding and Market Trends

Wint Wealth has successfully raised approximately $60 million, including its latest funding of Rs 250 crore ($28 million), led by Vertex Ventures, with contributions from Eight Roads Ventures, Rainmatter (backed by Zerodha), and 3one4 Capital. According to data aggregated by Startup Superb, Indian wealthtech startups garnered over $634 million through 51 deals involving 39 startups during 2024 and 2025. Nonetheless, the sector experienced a scarcity of substantial funding rounds, with only six deals exceeding $30 million. These notable deals included Syfe’s $53 million round, Smallcase’s $50 million Series D led by Elev8, Neo’s $48 million funding, and Dezerv’s $40 million round co-led by Premji Invest and Accel.