BankBazaar Secures Major Funding After Profitable FY25 Performance
In a significant development for India's fintech sector, BankBazaar has successfully raised INR 20 Crore in funding from Hindustan Media Ventures Limited (HMVL). The investment was facilitated through HT AdVentures, the strategic investment arm of HT Media Group, and comes at a pivotal moment for the credit tracking platform.
The funding announcement follows BankBazaar's impressive financial performance in FY25, where the company demonstrated substantial growth across key metrics. The Chennai-based fintech firm reported operating revenue of ₹250 crore, marking a significant increase from ₹188 crore in the previous fiscal year.
Profitability Milestone and Growth Metrics
BankBazaar's journey to profitability represents a major achievement in the competitive fintech landscape. The company reported an Adjusted EBITDA Profit of ₹4 crore for FY25, confirming its sustainable business model. A substantial portion of this success stems from their recurring revenue, which reached ₹210 crore, primarily driven by their co-branded credit card business.
Founder and CEO Adhil Shetty expressed enthusiasm about this milestone, stating that FY25 marked a defining phase in their journey. "We not only achieved profitability but also built a robust recurring revenue engine with a 121% CAGR over the last two years," Shetty commented. "This investment from HMVL strengthens our ability to scale faster, deepen partnerships, and expand access to regulated credit across India."
Strategic Expansion and Future Plans
BankBazaar's growth strategy centers around diversifying its product portfolio while strengthening its core offerings. The company's co-branded credit card business continues to be the primary growth driver, generating predictable, high-margin revenue streams. However, the fintech platform is expanding into new areas including gold loans through partnership with Muthoot Finance, personal loans with leading NBFCs, and subscription-based credit score improvement advisory services.
With ₹75 crore now raised in its Series D2 round, BankBazaar is positioning itself as an attractive investment opportunity for those interested in asset-light and profitable fintech platforms. The company has outlined ambitious plans for FY26, including expanding partnerships with India's top private credit card issuing banks, public sector institutions, and small finance banks.
Anirudh Singhal, Head of HT AdVentures, emphasized their confidence in BankBazaar's trajectory. "BankBazaar has demonstrated strong execution and a clear vision in India's fast-evolving fintech landscape," Singhal noted. "We believe they are well-positioned for the next phase of growth and are excited to support their journey."
Looking ahead, BankBazaar is investing in AI-powered credit insights and personalized financial journeys, signaling their commitment to technological innovation. This strategic direction aims to create a smarter, more inclusive future in Indian fintech while maintaining their mission to democratize credit access across the country.
Founded in 2008, BankBazaar has empowered over 70 million users to track credit profiles and access premium financial tools. The company benefits from backing by global investors including Amazon, Experian, Eight Roads, Peak XV, and Walden International, further strengthening its position in the competitive financial technology sector.
