FY26 Financial Tracker: Tracking The Financial Performance Of Indian Startups
by Anjali Jain · Inc42SUMMARY
- A growing number of startups turned profitable or moved closer to profitability in FY26 after years of cost rationalisation to adjust to the new funding realities.
- Of the 92 startups in the tracker, 63, or about 68.5%, reported profits in FY26, generating a cumulative profit of ₹14,249.5 Cr, while the remaining 29 posted a cumulative loss of ₹20,827 Cr.
- The 92 companies generated ₹3.13 Lakh Cr in operating revenue in FY26, a sharp 44.2% increase from ₹2.17 Lakh Cr in FY25.
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The Indian startup ecosystem continued to mature in FY26, with 22 new-age tech companies making their public market debut as against 13 in FY25. At the same time, a growing number of startups turned profitable or moved closer to profitability after years of cost rationalisation to adjust to the new funding realities.
Despite a tough Q4 for many startups due to geopolitical uncertainties, Indian startups are expected to improve their top and bottom line numbers in FY26.
Of the 92 startups in the tracker, 63, or about 68.5%, reported profits in FY26. However, the profitability picture remained uneven. Together, these 63 startups generated a net profit of ₹14,249.5 Cr, while the remaining 29 posted a cumulative loss of ₹20,827 Cr, underscoring that sustainable profitability remains a work in progress for a section of the ecosystem.
Even so, the scale of India’s startup ecosystem continued to expand. The 92 companies generated ₹3.13 Lakh Cr in operating revenue in FY26, a sharp 44.2% increase from ₹2.17 Lakh Cr in FY25.
To help you track the financial health of new-age tech companies, Inc42 has launched the FY26 Financial Tracker, bringing together key financial metrics in one place. The tracker will be updated periodically with the latest financial disclosures and deeper insights into the performance of India’s startup ecosystem.
So, without further ado, here’s a look at how Indian startups fared financially in FY26.
Editor’s Note: This list is not a ranking of any kind, the companies have been placed alphabetically. This is a running list and will be updated periodically.