FY26 Financial Tracker: Tracking The Financial Performance Of Indian Startups
Inc42's FY26 Financial Tracker monitors 102 Indian tech startups, showing significant ecosystem maturation with 22 IPOs in FY26 compared to 13 in FY25. Among tracked startups, 65 (63.7%) turned profitable, generating ₹14,511.8 Cr in net profit, while 37 companies posted cumulative losses of ₹30,950.8 Cr, indicating uneven profitability gains. The 102 startups collectively generated ₹4.75 Lakh Cr in operating revenue—a 34.62% increase from ₹3.53 Lakh Cr in FY25—demonstrating ecosystem scale expansion despite geopolitical headwinds affecting Q4 performance.
Key points
- 22 startups went public in FY26 vs 13 in FY25
- 63.7% of tracked startups reported profitability
- Operating revenue grew 34.62% to ₹4.75 Lakh Cr
- Profitability gains remain uneven across ecosystem
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