In the 2026 fiscal year, India’s startup ecosystem continued to mature, with 22 emerging tech companies going public—up from 13 in the 2025 fiscal year. Meanwhile, an increasing number of startups have achieved profitability or neared the break-even point, following years of cost-rationalization efforts tailored to a new, more challenging funding environment.
Although many startups faced headwinds in the fourth quarter due to geopolitical uncertainties, the overall revenue and profit outlook for Indian startups in the 2026 fiscal year shows improvement.
Among the 102 startups tracked, 65 (approximately 63.7%) achieved profitability in the 2026 fiscal year. However, the profit landscape remains uneven: these 65 startups generated a combined net profit of ₹145.118 billion, while the remaining 37 incurred a cumulative loss of ₹309.508 billion—underscoring that achieving sustainable profitability remains a formidable challenge for some.
Nevertheless, the scale of India’s startup ecosystem continues to expand. In the 2026 fiscal year, these 102 companies generated a combined operating revenue of ₹4.75 trillion—a significant 34.62% increase from the ₹3.53 trillion recorded in the 2025 fiscal year.
To help you track the financial health of emerging tech companies, Inc42 has launched the “FY2026 Financial Tracker,” which consolidates key financial metrics in one place. This tracker will be updated regularly, providing the latest financial disclosures alongside in-depth analysis of the performance of India’s startup ecosystem.
Without further ado, let’s take a look at the financial performance of Indian startups in the 2026 fiscal year.
Editor’s Note: This list is not a ranking; companies are presented in alphabetical order. The list is subject to regular updates.
A Detailed Look at the Financial Performance of Indian Startups in the 2026 Fiscal Year
Aakash Narrows Losses by 15% Year-on-Year
The test-preparation giant successfully narrowed its net loss by 15.5% in the 2026 fiscal year, reducing it from 2.208 billion rupees in the previous fiscal year to 1.865 billion rupees. Despite flat revenue, the company’s bottom line showed improvement. Operating revenue grew by 0.4% from 20.321 billion rupees in the 2025 fiscal year to 20.405 billion rupees.
Total expenditure rose by nearly 1% from 23.78 billion rupees in the previous fiscal year to 23.978 billion rupees.
Read more: Aakash’s losses narrowed by 16% to 1.865 billion rupees in the 2026 fiscal year, with revenue remaining flat at 20.4 billion rupees.
AceVector Narrows Losses by 64% Year-on-Year to 4.55 Billion Rupees
Ahead of its planned IPO, AceVector—the parent company of Snapdeal—saw its restated net loss for the 2026 fiscal year shrink by nearly 64% to 45.5 million rupees, down from 126.3 million rupees in the previous year. Meanwhile, the company’s operating revenue for the same period grew by 29.2%, rising from 395 million rupees in the 2025 fiscal year to 510.3 million rupees.
At the same time, total expenditure for the 2026 fiscal year increased by 26.8% to 57.52 billion rupees, compared to 45.38 billion rupees in the previous fiscal year.