Full story and sources: https://productgrowth.in/news/2026-08-16
CRED-backed NewTap Finance doubles net profit to Rs 2.4 Cr in FY26 — lending-as-a-service is finding its floor. 🎙️
Unit economics matters more than topline momentum. The obvious read is that profitability is a milestone; the harder truth is that Rs 2.4 Cr net profit on an NBFC balance sheet means margins are still razor-thin, and the next compression cycle — rising cost of funds, tighter RBI norms — will separate platforms with sticky borrowers from those chasing volume.
If you are building on the lending stack, stress-test your LTV:CAC before the next rate move. Platforms that survive will be the ones where repayment behaviour, not disbursement speed, is the core product metric.
Today's brief also covers Modi's AI skilling push for 1 crore youth, Shiprocket's 99.38x IPO oversubscription, Turtlemint trimming losses 19% YoY on 40% revenue growth, and Zaggle's profit dip despite 28% revenue jump.
Listen: https://productgrowth.in/news/2026-08-16/
#IndianFintech #LendingTech #ProductGrowth
Arjun and Meera break down the day in Indian product, startups and tech — what happened, the number that matters, and why it matters if you’re building here.
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