Enkash’s revenue nosedives 77% in FY25, halves losses

Enkash, a corporate cards and spend management platform, saw its revenue plunge 77% in the fiscal year ending March 2025 due to sharp fall in service income. However, the Mayfield-backed firm managed to cut its loss by more than half during the said fiscal year.

Enkash’s operating revenue fell to Rs 71 crore in FY25 from Rs 304 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC).

Enkash offers virtual corporate credit cards, expense management software, and other financial services to help…