Easebuzz Revenue Crosses Rs 700 Crore in FY26, Profit Plunges 42%

Easebuzz, the Pune-based payment gateway company, crossed Rs 700 crore in revenue for the year ended March 2026. Its profit, however, fell sharply. The fintech firm’s net profit dropped 42.1% to Rs 11 crore from Rs 19 crore in the previous year.

Revenue grows, but slowly

Revenue from operations rose 9.1% to Rs 716 crore in FY26 from Rs 656 crore in FY25, according to filings with the Registrar of Companies. Transaction fees brought in Rs 697 crore, which is 97.35% of operating revenue. Information technology and support fees added Rs 14 crore, while SaaS fees contributed Rs 5 crore.

With Rs 7 crore of other income, total income stood at Rs 723 crore, up from Rs 659 crore in FY25.

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Why growth slowed

The single-digit growth came largely from the ban on real-money gaming apps at the start of the fiscal year. That hurt payment volumes and profitability for the full-stack payments provider.

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Expenses outpaced revenue

Payment processing charges remained the biggest cost, rising 2% to Rs 557 crore. That is 78.67% of total expenses. Employee benefit costs jumped 82.7% to Rs 95 crore after a $30 million funding round early in the year. Information technology expenses rose 68.8% to Rs 27 crore, and advertising spend surged 350% to Rs 9 crore.

Total expenses climbed 11.7% to Rs 708 crore from Rs 634 crore. EBITDA fell to Rs 14 crore from Rs 28 crore, with the margin dropping to 1.96% from 4.27%. ROCE declined to 3.52% from 18.25%.

Balance sheet highlights

Cash and bank balances fell 26.1% to Rs 105 crore as of March 2026. Current assets declined 28.4% to Rs 141 crore. Other non-current assets, mostly security and long-term deposits, surged to Rs 198 crore from Rs 1.37 crore.

Funding and shareholding

Easebuzz has raised $34 million to date. Its Series A round of Rs 240 crore, roughly $28.2 million, included Rs 200 crore in primary capital and Rs 40 crore in secondary. 8i Ventures holds the largest external stake at 10.88%, followed by Varanium Capital at 8.48% and Bessemer Venture Partners at 8.47%.

Easebuzz, led by co-founder and MD Rohit Prasad, received final RBI authorization as an online payment aggregator in February 2025. It is now applying for a cross-border payment aggregator licence to serve international markets.