The Indian startup ecosystem has witnessed significant changes due to the funding dynamics, leading to a shift towards profitability and operational efficiency.
The number of Indian startups posting profits increased from 36 in FY23 to 45 in FY24, with further improvements expected in FY25.
The FY25 Financial Tracker by Inc42 covers 20 new-age tech companies, showcasing an increase in operating revenue to INR 85,830 Cr.
Key highlights include Ather Energy reducing its loss, Awfis turning profitable, and CarTrade reporting a significant profit jump.
Delhivery achieved its maiden profitable year, while Nykaa and Zupee witnessed substantial profit growth.
Ola Electric's loss increased, Paytm's revenue declined, and Swiggy's losses crossed INR 3,000 Cr.
Companies like ixigo, Mamaearth, and MapmyIndia also reported financial details, indicating varied performance across startups.
Overall, the financial landscape of Indian startups in FY25 reflects a mix of profitability, revenue growth, and operational challenges.