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Cashfree bets on SME, cross-border payouts to chase ₹1,000 Cr FY26 revenue after RBI freeze
CEO Akash Sinha is pivoting Cashfree to SME merchants (+100% YoY) and cross-border (2x revenue) to escape a post-RBI-embargo plateau at ~₹640 Cr. FY25 losses widened to ~₹150 Cr while rival Razorpay scaled to ₹3,783 Cr. A private fundraise is on the table as the PA explores a path back to growth and profitability.
Inc42 · Buzz · 5/23/2026, 8:03:11 AM
Cashfree bets on SMEs and cross-border to chase ₹1,000 Cr FY26 revenue
CEO Akash Sinha is steering Cashfree toward a ₹1,000 Cr FY26 topline, doubling SME merchants and cross-border revenue while serving Zepto, BigBasket and OpenAI. But FY25 losses widened to ~₹150 Cr as Razorpay's ₹3,783 Cr scale and agentic AI investments squeeze margins across India's 55+ PA licence holders.
Inc42 · 5/23/2026, 8:03:05 AM