Published: November 10, 2026
StartupFeed Quick Take
- FamApp FY26 standalone profit before tax fell to Rs 4.8 lakh, down about 99% from Rs 5.04 crore a year earlier.
- Revenue from operations rose 20.5% to Rs 25.02 crore, while total expenses jumped 34.7% to Rs 35.18 crore.
- Elevation Capital led a $15 Mn secondary round in June 2025 that bought out co-founder Kush Taneja, who has since left.
FamApp, the Bengaluru teen-banking app run by FamPay Solutions, saw FY26 profit before tax collapse to just Rs 4.8 lakh. A year earlier the profit was Rs 5.04 crore. The drop is about 99%.
FamApp FY26 revenue from operations still rose. The figure reached Rs 25.02 crore, up 20.5% from Rs 20.75 crore, Entrackr reported from the company’s financial statements.
FamApp FY26: Why the Profit Fell
The cost base did the damage. Total expenses jumped 34.7% to Rs 35.18 crore in FY26, far ahead of the 20.5% revenue growth.
At FamApp, three lines rose fastest. Technical fees climbed 82% to Rs 10.22 crore. Other expenses rose 47.1% to Rs 18.45 crore, and employee costs rose 23.3% to Rs 16.16 crore.
Not all of FamApp’s income came from the core business. Total income was Rs 35.23 crore in FY26. Of that, Rs 5.01 crore was interest income and Rs 5.2 crore came from selling investments.
The balance sheet looks healthy. Cash and equivalents stood at Rs 61.83 crore in March 2026, up from Rs 20.62 crore a year earlier.
The cash build-up follows a $15 Mn secondary round in June 2025. Elevation Capital led the round, which mostly bought out FamApp’s co-founder Kush Taneja. Sambhav Jain stays on as co-founder and chief executive.
What this means for you: If you track teen-focused neobanks or hold a stake in one, FamApp shows revenue growth alone does not protect the bottom line. Watch FamApp’s FY27 filing for whether the $15 Mn buyout and rising technical fees turn into scale or just a bigger cost base.
Disclaimer: This article is for information only and is not investment advice. StartupFeed and its authors are not SEBI-registered investment advisors. Please speak to a SEBI-registered advisor before investing.
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