In a strong signal for India’s evolving startup landscape—often tracked through D2C news India, D2C daily news, and broader Indian D2C updates—Bengaluru-based debt investment platform Wint Wealth has delivered an impressive financial turnaround in FY25. The six-year-old wealthtech startup reported a 2.6X jump in operating revenue while cutting its losses by over 60%, highlighting disciplined growth, improved monetisation, and operational leverage—key themes shaping the wider D2C ecosystem India and startup economy.
For the fiscal year ended March 2025, Wint Wealth recorded operating revenue of Rs 44.5 crore, up from Rs 17.2 crore in FY24, according to filings with the Registrar of Companies (RoC). This sharp rise in D2C revenue growth-style performance—though in fintech—mirrors the momentum seen across VC-backed D2C brands and Latest D2C startups scaling sustainably in 2025. The company’s net loss narrowed significantly to Rs 8.2 crore, compared to the previous fiscal year, underscoring improving unit economics.
Founded in 2020, Wint Wealth enables retail investors to invest in fixed-income products such as corporate bonds, securitised debt instruments, and non-convertible debentures (NCDs). It also provides B2B loans through its NBFC arm, Wint Capital. Its primary revenue driver—interest income on debt securities and loans calculated using the effective interest rate (EIR) method—accounted for 69% of total operating revenue and grew 3.9X year-on-year to Rs 30.8 crore in FY25.
Fee-based income from financial intermediary services, including facilitating bond and debt transactions, contributed Rs 9 crore, while net gains from secondary market trading of debt securities added Rs 4.7 crore. Additionally, Wint Wealth earned Rs 2.3 crore from interest on current investments and other non-operating sources, taking total income to Rs 46.8 crore for FY25.
On the cost side, employee benefit expenses remained the largest component, accounting for 49% of total costs. This expense rose 25.6% to Rs 27 crore and included Rs 4.7 crore in ESOP costs. Interest expenses, which formed 34% of overall expenditure, increased 4.4X to Rs 18.6 crore. Overall expenses rose 32% to Rs 54.7 crore in FY25 from Rs 41.5 crore in FY24. Despite this, the 2.6X jump in operating revenue significantly improved operating leverage. On a unit basis, the company spent Rs 1.23 to earn one rupee of operating revenue in FY25—an improving trajectory toward breakeven.
As of March 2025, Wint Wealth reported current assets of Rs 296 crore, including Rs 35 crore in cash and bank balances—providing a solid liquidity cushion to support D2C expansion plans-style scaling within fintech. Backed by Zerodha’s Rainmatter, Vertex Ventures, Eight Roads Ventures, and 3one4 Capital, the company has raised around $60 million to date, including a recent Rs 250 crore ($28 million) round led by Vertex Ventures. This positions it strongly among Top funded D2C brands and high-growth startups attracting Private equity in D2C-like capital momentum.
According to Entrackr data, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025, although only six rounds exceeded $30 million. In a funding environment closely watched under D2C funding news, Series A/B/C funding India, and broader D2C investor insights narratives, Wint Wealth’s disciplined scaling stands out.
For those asking what’s happening in India’s D2C space today and across fintech adjacencies, Wint Wealth’s FY25 performance reflects a larger shift toward sustainable growth, capital efficiency, and strong fundamentals—key drivers shaping the next phase of India’s startup and D2C business India ecosystem.
