Tracxn reports Indian tech startups raise USD 11.7 billion in FY26, down 18% from FY25

Key facts

• Indian tech startups raised USD 11.7 billion in FY 2025-26, an 18% decline from USD 14.3 billion in FY 2024-25.
• Early-stage funding surged 33% to USD 4.8 billion in FY26 from USD 3.6 billion in FY25.
• India ranked fourth-highest funded country globally in FY26, behind the US, UK, and China.
• FinTech firms secured USD 2.4 billion in FY26, up 14% from USD 2.1 billion in FY25.
• Enterprise Applications received USD 3.6 billion in FY26, same as FY25.
• Late-stage startups raised USD 5.6 billion in FY26, down 38% from USD 9.2 billion in FY25.
• Seed-stage funding declined 15% to USD 1.3 billion in FY26 from USD 1.5 billion in FY25.
• India witnessed 13 funding rounds above USD 100 million in FY26, compared to 23 in FY25.
• India Tech recorded 47 IPOs in FY26, up 52% from 31 IPOs in FY25.
• Six unicorns were created in FY26, a 50% increase from four in FY25.