String Metaverse FY26 Revenue Up 164% to ₹1076.55 Cr

Full Year FY26 (Year ending March 2026):

Revenue: ₹1,076.55 Crore, representing 163.72% year-on-year growth from ₹408.22 Crore in FY25
EBITDA: ₹121.88 Crore, showing 189.50% year-on-year growth
Profit After Tax (PAT): ₹102.53 Crore, showing 190.89% year-on-year growth
PAT Margin: 10.3%
Rule of 40 Score: 60.30% (combining 50% revenue growth and 10.3% PAT margin)

Q4 FY26 (Quarter ending March 2026):

Crossed 5 million active users across the String ecosystem
Target to reach 10 million user base (timeline not specified)
Customer Acquisition Cost (CAC): ~$5, compared to industry average of $15-$50
DeFi and tokenized asset volumes: Surpassed $220+ Million on Solana Chain (Raydium)
Derivatives trading volume: Achieved $4+ Billion on centralized exchanges (CEX)
Tokenized asset average daily volume: $1.2-1.3 Million across all IDLE pools

String Pay X:

Virtual crypto-backed debit card launched in partnership with Visa
Access available across 150+ countries
Features include multi-currency IBANs, smart spend management with budgeting limits and merchant/category restrictions, bank-grade security, and integration with Apple Pay/Google Pay
Target market: 5.2 million confirmed users waiting for Q2 2025 activation

Bills on Chain:

Phase 1 launched in partnership with Hedera Blockchain
Technology uses OCR + ML to extract and validate details, with zero-knowledge hash committed to Hedera
Focus on tokenizing everyday bills on the blockchain

Idle Walk (Q4 Launch):

Walk-to-earn mobile game that rewards users with IDLE tokens for hitting daily step goals
Players compete on weekly and monthly leaderboards for bonus rewards
Monetization through In-App Purchase (IAP) Boosters (one-off purchases that multiply step rewards) and Idle Pass Subscription (monthly subscription unlocking premium earning rates & perks)

The company operates through multiple licensed entities across global hubs:

Canada: String Pay X LTD with Canada MSB Banking License
UAE (IFZA Free Zone): Kling Digital Assets PVT LTD for String Esports and RWA Tokenization
UAE (Dist. Al Butten): String DePIN & AI, String Digital Assets for blockchain node operation and treasury management
Hong Kong: String Fintech HK PVT LTD for Game Dev, Blockchain Dev, 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: Fans On Chain (50% Subsidiary)

Planning a 100 MW AI Data Center for dedicated compute capacity
Focus on high-density GPU for agent training & inference
Integration of compute for Gaming & AI and Digital Advisory
Positioning to capture the infrastructure layer underpinning the emerging agent economy

Ganesh Meenavalli: Managing Director, Head of Global Operations & digital asset advisory, String Ventures & Esports Division
Dr. Raghavendra Hunasgi: Chief Executive Officer, Global speaker
Santosh Althuru: Executive Director, Head of Operations & product development in India
CA Hemant P Vastani: Chief Financial Officer, Chartered Accountant with three decades of experience
Krishna Meenavalli: Executive Director, Head of UAE operations, market making & AI Commerce
Lingam Murthy Gaddi: COO & Technology Architect, 20 years experience in low latency C++ programming