India, June 20 -- 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 24 startups in the tracker, 17, or about 70%, reported profits in FY26. However, the profitability picture remained uneven. Together, these 17 startups generated a net profit of Rs.5,657.3 Cr, while the remaining seven posted cumulative losses of ...