CashKaro, a prominent cashback application in India, reported a remarkable 72% revenue growth, reaching ₹600 crore in FY26, up from ₹348 crore in FY25. The company also significantly reduced its EBITDA losses by 40%, from ₹29.2 crore to ₹17.7 crore, highlighting improved unit economics and a pathway to profitability. CashKaro's growth was driven by operational efficiency rather than increased spending, with a modest 7.6% rise in marketing costs despite the substantial revenue increase. The platform facilitated over ₹10,000 crore in sales for its partner brands, showcasing its effectiveness in the affiliate marketing space. Co-Founder Swati Bhargava emphasized the importance of cashback in consumer purchasing decisions, noting that CashKaro has paid out over ₹2,000 crore in real cashback to users. The company's affiliate platform, EarnKaro, has become a significant player in the creator economy, allowing influencers and users to earn substantial incomes through cashback deals. With a focus on sustainable scaling and investments in AI, CashKaro aims to deepen the cashback habit among Indian consumers.