Fintech Startup Kiwi Spends ₹19 to Earn ₹1 — FY25 KPI Report

The article analyses financials of fintech startup Kiwi, revealing that in FY25 the company spent ₹19 to earn each rupee of revenue — reflecting high customer-acquisition or operating costs, and challenging unit economics. This raises concerns about the sustainability of its business model, especially under tightening capital markets. For investors and market-watchers, such metrics are crucial for assessing burn rate, runway, valuation, and long-term viability in the fintech sector.