String Metaverse FY26 Revenue Surges 164% to ₹1,076 Cr

Revenue from Operations: ₹1,076.55 Cr, representing 163.72% growth from FY25 revenue of ₹408.22 Cr
Operating EBITDA: ₹121.88 Cr, showing 189.50% growth from FY25 EBITDA of ₹42.08 Cr
Profit After Tax (PAT): ₹102.53 Cr, increasing 190.89% from FY25 PAT of ₹35.24 Cr
PAT Margin: 10.3% for FY26

The company achieved a Rule of 40 score of 60.30% (50% YoY revenue growth + 10.3% PAT margin), exceeding the SaaS benchmark of 40% by 1.5x.

Ecosystem Users: Crossed 5 million users across the String ecosystem
DeFi & Tokenized Assets: Volumes surpassed $220+ Million
Derivatives Trading: Achieved $4+ Billion in derivatives volume on centralized (CEX) exchanges
Customer Acquisition Cost: ~$5 compared to industry average of $15-$50

Virtual crypto-backed debit card launched in partnership with Visa
Access available across 150+ countries
Provides direct spending power for both fiat and crypto assets
Multi-currency IBAN capability for dedicated banking accounts linked to crypto wallets

Phase 1 launched in partnership with Hedera Blockchain
Tokenizes bills on-chain using Hedera blockchain governed by leading enterprises
Utilizes AI Verify (OCR + ML) to extract and validate details
Uses zero-knowledge hash committed to Hedera

Walk-to-earn mobile game that rewards users with IDLE tokens for hitting daily step goals
Players compete on weekly/monthly leaderboards
Monetization through IAP Boosters (one-off in-app purchases) and Idle Pass Subscription (monthly subscription)

The company is licensed and regulated across multiple global hubs:

Canada: String Pay X LTD holding MSB Banking License
UAE (IFZA Free Zone): Kling Digital Assets PVT LTD for String Esports and RWA Tokenization
UAE (Dist. Al Hub): String DePIN & AI, String Digital Assets for blockchain node operation and treasury management
Hong Kong: String Fintech HK PVT LTD for game development, blockchain development, and Web 3.0 Ad Network
Singapore: String Digi Tech PTE LTD for Web3.0 Ad Network and blockchain validation nodes
India: String Metaverse LTD, Fintech PVT LTD, Forex PVT LTD for back office and software development
United Kingdom: 50% subsidiary Fans On Chain

Planning 100 MW dedicated compute capacity for AI infrastructure
High-density GPU for agent training & inference
Integration with gaming, AI, and digital advisory services
Positioning to capture the infrastructure layer underpinning the emerging agent economy

Ganesh Meenavalli, Managing Director: BA Finance & Banking, heads Global Operations, digital asset advisory, String Ventures & Esports Division
Dr. Raghavendra Hunasgi, Chief Executive Officer
Santosh Althuru, Executive Director: BA Finance & Investment, expert in financial analysis & risk management, heads operations & product development in India
CA Hemant P Vastani, Chief Financial Officer: Serial entrepreneur, co-founder of Unicorn Web3 (Zeebu), Top 100 CMOs globally, bestselling author, investor and global speaker
Krishna Meenavalli, Executive Director: MS in finance, 2+ years in quant modelling and high frequency trading, heads UAE operations, market making & AI Commerce
Lingam Murthy Gaddi, COO & Technology Architect: 20 years' experience in low-latency C++ programming, implemented scalable HFT architectures for SGX, NSE, ICE, NASDAQ, & TOCOM, heads High Frequency Trading