Startup Atlas · Consumer Lending

Freo

MWYN Tech Private Limited ● Bengaluru, Karnataka ● Founded 2015 ● freo.money ↗
Kunal Varma · CEO & Co-Founder Anuj Kacker · COO & Co-Founder Balaji Parthasarathy · Chairman & Co-Founder
$82.3 MnTotal funding (tracked)
3Funding rounds
15 Feb 2024Last round

Freo: Financial Breakdown

Figures below are FY2024, standalone basis, compiled from filings and disclosures — every year cited to its source.

₹111.46 Cr (revenue from operations)Total revenue · +15% YoY
₹125.58 CrTotal expenses
EBITDA loss of ₹12.3 CrEBITDA
Net loss of ₹14.16 CrNet loss · loss narrowed 63.5% YoY

Revenue by fiscal year

051015$M₹99.80 Cr (revenue from operations): $11.9M12FY2023₹111.46 Cr (revenue from operations): $13.3M13FY2024

Net profit / loss by fiscal year

-5-4-3-2-10$MNet loss of ₹39.94 Cr: $-4.8M-4.8FY2023Net loss of ₹14.16 Cr: $-1.7M-1.7FY2024

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2024 ₹111.46 Cr (revenue from operations) ₹125.58 Cr EBITDA loss of ₹12.3 Cr Net loss of ₹14.16 Cr source
FY2023 ₹99.80 Cr (revenue from operations) ₹139.97 Cr EBITDA loss of ₹36.6 Cr Net loss of ₹39.94 Cr source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: freo.money · Last verified 23 Oct 2026. · Report a correction