CashKaro, India’s leading cashback app, today announced its FY26 results, reporting revenue of Rs 600 crore, up about 72% year-on-year from Rs 348 crore in FY25. The company also reduced its EBITDA losses by about 40%, from Rs 29.2 crore to Rs 17.7 cr, reflecting improving unit economics and a clear path to profitability.
In a statement, CashKaro said its growth was driven by efficiency rather than incremental spend, with the platform enabling over Rs 10,000 crore in sales to partner brands. Marketing expenditure for CashKaro & EarnKaro increased by only 7.6%, despite strong revenue expansion, indicating improved customer acquisition efficiency and stronger conversion rates. Employee and infrastructure costs also remained stable, supported by investments in AI and automation that enabled productivity-led scaling. As a result, revenue growth significantly outpaced cost growth, demonstrating strong operating leverage.
