Total Value Created By Indian Startups In FY20

$9.8 Bn+

Aggregate IT Expenditure Of Top 100 Indian Startups

$454 Mn+

Total Loss Incurred By Top Indian Startups In FY20

$3 Bn+

The latest release from Inc42 Plus — Decoding The Financials Of India’s Top 100 Startups, Report 2021 — provides an in-depth analysis of the top Indian startups’ financial performance over the last three years, including an index of most financially efficient startups in FY20, 42 fastest growing startups in terms of compounded annual revenue growth rate (CAGR) and an exclusive comparative analysis between Indian startups and traditional Indian companies during the Covid-19 pandemic.

As the IPO trend seems to prevail across the Indian startup ecosystem, the top layer of the ecosystem is moving towards operational efficiency on the macro level. This can be ascertained from the fact that the year-on-year rise in expenditure between FY19 and FY20 (+34%) was nearly half of the expenditure between FY18 and FY19 (+65%).

India’s Top 100 Startups Financial Performance Report, 2021