Published: 18 October 2026
StartupFeed Quick Take
- ixigo: Reports a record ₹63.42 crore Q2 FY27 profit, with revenue rising 13% to ₹320.96 crore.
- Snabbit: Posts a ₹167.75 crore FY26 loss as it scales its instant home-services business.
- Urban Company: Approves a proposed fundraise of up to ₹2,500 crore and explores residential AC services under Native.
- Hunger Pangs: Files draft IPO papers, proposing a ₹150 crore fresh issue and an offer for sale.
- Kitchen Secret: Raises ₹1.14 crore in seed funding to expand distribution and operations.
The Sunday Morning Five covers startup profitability, fundraising plans, public-market ambitions and growth across India’s startup ecosystem.
1. ixigo Reports Record ₹63.42 Crore Profit in Q2 FY27
Travel technology company ixigo reported a record net profit of ₹63.42 crore for the July–September quarter of FY27. Revenue from operations increased 13% year-on-year to ₹320.96 crore, while gross transaction value rose 22% to ₹5,304.47 crore. The company said its hotel business is emerging as a key growth driver, alongside flights and buses. The profit was partly supported by the sale of a stake in bus operator FreshBus.
2. UPDATE: Snabbit’s FY26 Loss Reaches ₹167.75 Crore
Instant house-help startup Snabbit reported a net loss of ₹167.75 crore in FY26, against operating revenue of about ₹12.25 crore. Separately, founder Aayush Agarwal said the company’s loss per job fell below ₹200 in the previous month, compared with around ₹1,500 at the beginning of FY26. The founder’s unit-economics update is the key angle for this follow-up; the annual financial figures alone are not a new Sunday development.
3. UPDATE: Urban Company Approves Fundraise of Up to ₹2,500 Crore
Urban Company’s board approved a fundraising plan of up to ₹2,500 crore on 16 October. The company is also exploring the residential air-conditioning category under its Native brand, subject to the required approvals. The potential expansion could give the home-services platform another category in which to grow its business. The fundraising approval and AC plans should be described as proposals, not as completed fundraising or a launched product.
4. Burma Burma Operator Hunger Pangs Files IPO Draft
Hunger Pangs, the company operating Burma Burma Restaurant & Tea Room, has filed draft IPO papers with SEBI. The proposed offer includes a fresh issue of up to ₹150 crore and an offer for sale of up to 2.79 crore shares by existing shareholders. The company plans to use the fresh-issue proceeds mainly to open new restaurants and for general corporate purposes. It reported FY26 operating revenue of ₹155.50 crore, up 46.56% from the previous year.
5. Kitchen Secret Raises ₹1.14 Crore in Seed Funding
Ready-to-cook and ready-to-eat sauce brand Kitchen Secret raised ₹1.14 crore in its first external funding round, led by BeyondSeed, with participation from angel investors. The company plans to use the capital for marketing, inventory, broader quick-commerce distribution and business-to-business operations. Founded by Renuka Kedia and Manav Kedia, the brand says it has sold more than one lakh jars and is present in over 500 Blinkit dark stores.
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