Venture capital news

In plain words: How much money is moving and at what prices: the mood of the market.

Update| October 19, 17:48 Shares of Urban Company ended today’s trading session 9.92% lower at ₹142.6 apiece on the BSE. Original| October 19, 12:28 IST Shares of home services company Urban Company slumped 9.5% to ₹143.30 apiece on the BSE during early trading today, following its Q2 FY27 results and board approval for a fundraise of up to ₹2,500 Cr. At 12:10 IST, the stock was trading 8.56% lower at ₹144.75 on the BSE. The company’s market capitalisation stood at ₹22,323 Cr (about $2.7 Bn) at the time. Urban Company reported a consolidated net loss of ₹182.5 Cr for Q2 FY27 on Friday (October 16) as against a loss of ₹59.3 Cr a year earlier and ₹92.1 Cr in the preceding quarter. Operating revenue rose 41% to ₹537.3 Cr from ₹380 Cr in Q2 FY26. However, total expenses increased 61.5% to ₹745.7 Cr, driven largely by higher spending on its quick household help business, InstaHelp. The company reported an adjusted EBITDA loss of ₹144 Cr, including what it described as a “deliberate” ₹174 Cr investment in InstaHelp. Excluding the vertical, adjusted EBITDA stood at ₹30 Cr. The company’s board also approved a proposal to raise up to ₹2,500 Cr through equity shares and/or convertible securities via preferential allotment or private placement.

Read the full story at Inc42 (opens in a new tab)Published 19 Oct 2026. This is the publisher’s own feed excerpt.

In plain words: How much money is moving and at what prices: the mood of the market.

Restaurant chain Burma Burma’s parent entity, Hunger Pangs Limited, saw its net loss skyrocket nearly 31X to ₹15.4 Cr in the fiscal year 2025-26 (FY26) compared to ₹50 Lakh in the previous fiscal year. According to its draft red herring prospectus (DRHP), the restaurant chain’s revenue from operations also zoomed 46.6% to ₹155.5 Cr in the fiscal under review from ₹106.1 Cr in FY25. Including other income of ₹1.5 Cr, Burma Burma’s total income stood at ₹157 Cr in FY26. On the operational front, the restaurant chain’s EBITDA also climbed 20.2% to ₹25.7 Cr in FY26 from ₹21.4 Cr in the year ago fiscal. Besides its FY26 financials, the DRHP also shed light on the company’s Q1 FY27 numbers. Burma Burma’s parent reported a net profit of ₹1.1 Cr in the quarter under review against an operating revenue of ₹53.7 Cr. Given total expenses of ₹55.2 Cr during the quarter, what helped the company mint a profit in Q1 FY27 was ₹1.98 Cr in deferred tax credits. Burma Burma also reported an EBITDA profit of ₹11.4 Cr in the quarter ended June 2026, while the EBITDA margin stood at 21.3%. Founded in 2013 by Ankit Gupta and Chirag Chhajer, Hunger Pangs operates premium casual restaurant chain Burma Burma, which serves vegetarian Burmese cuisine. It competes with the likes of brands such as Mainland China, Mamagoto, Yum Yum Cha, and Berco’s.

Read the full story at Inc42 (opens in a new tab)Published 17 Oct 2026. This is the publisher’s own feed excerpt.

In plain words: How much money is moving and at what prices: the mood of the market.

Flipkart-owned travel platform Cleartrip’s net loss widened 28.1% YoY to ₹805 Cr in FY26 from ₹628.4 Cr in FY25, as its expenses continued to outpace revenue growth. The online travel aggregator’s operating revenue grew 20.8% to ₹198.3 Cr during the year from ₹164.1 Cr in the previous fiscal. Including other income, Cleartrip reported total income of around ₹241.3 Cr, compared with ₹366.7 Cr in FY25. Other income declined 34.2% YoY to ₹43 Cr. Meanwhile, spending on cashbacks and discounts rose 47.5% to ₹897.5 Cr in FY26 from ₹608.2 Cr a year earlier, outpacing top line growth. Cleartrip generated ₹702.2 Cr from service charges and ₹378.4 Cr from commissions and incentives before accounting for cashbacks and discounts, taking the combined figure to around ₹1,095.7 Cr. These figures should be distinguished from the operating revenue reported in its financial statements. Founded in 2006 by Hrush Bhatt, Matthew Spacie and Stuart Crighton, Cleartrip enables users to book flights, hotels, trains, buses and local activities through its website and app. Ecommerce major Flipkart acquired the company in 2021. Cleartrip’s accumulated losses rose to ₹3,828 Cr as of March 31, 2026, from ₹3,023 Cr a year earlier. Its negative net worth also widened to ₹3,066 Cr from ₹2,262 Cr in FY25.

Read the full story at Inc42 (opens in a new tab)Published 17 Oct 2026. This is the publisher’s own feed excerpt.

In plain words: How much money is moving and at what prices: the mood of the market.

Listed home services major Urban Company’s board approved a proposal to raise up to ₹2,500 Cr yesterday, seeking to shore up its war chest at a critical juncture. On one hand, Urban Company’s instant home services business, InstaHelp, is facing stiff competition. Fighting rivals Snabbit and Pronto for a slice of the market has turned out to be an expensive affair , with spending on InstaHelp contributing to Urban Company’s widening losses. At the same time, the company is looking to expand its product lineup under the Native brand by entering the residential air conditioner market. Meanwhile, its bread and butter consumer services continue to generate stable results. Urban Company’s financials reflect these pressures. The company reported an adjusted EBITDA loss of ₹144 Cr in Q2 FY27, driven by a ₹174 Cr investment in InstaHelp. Excluding InstaHelp, it reported an adjusted EBITDA profit of ₹30 Cr. During the quarter, consolidated revenue from operations grew 41.4% YoY to ₹537.3 Cr , while total expenses increased 61.5% to ₹745.7 Cr. Consequently, the company’s consolidated net loss more than tripled to ₹182.5 Cr from ₹59.3 Cr in the year-ago period.

Read the full story at Inc42 (opens in a new tab)Published 17 Oct 2026. This is the publisher’s own feed excerpt.

In plain words: How much money is moving and at what prices: the mood of the market.

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 102 startups in the tracker, 65, or about 63.7%, reported profits in FY26. However, the profitability picture remained uneven. Together, these 65 startups generated a net profit of ₹14,511.8 Cr, while the remaining 37 posted a cumulative loss of ₹30,950.8 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 102 companies generated ₹4.75 Lakh Cr in operating revenue in FY26, a sharp 34.62% increase from ₹3.53 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.

Read the full story at Inc42 (opens in a new tab)Published 17 Oct 2026. This is the publisher’s own feed excerpt.