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Indian technology companies raised $10.3 billion in the first nine months of 2026, up 7 per cent from $9.7 billion a year earlier, while the number of funding rounds fell 38 per cent to 1,134 from 1,838.
The figures come from Tracxn's India Tech 9M 2026 report, covering disclosed equity funding, exits and unicorn activity between 1 January and 21 September. Total funding was also 3 per cent above the $10 billion raised in the same period of 2024.
The contraction was concentrated at the earliest stages. Seed funding fell 37 per cent to $698 million. The number of companies raising money for the first time dropped 30 per cent, from 485 to 338. Additions to Tracxn's Soonicorn Club, its list of companies it considers likely unicorn candidates, fell 53 per cent from 162 to 76.
1 report filed for Saturday 26 September 2026, compiled from company statements, registry filings and StartupFox reporting. Figures marked reported were not confirmed by the companies named.
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