Venture capital news

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.