Data Report
State of India Startup Funding — All-Time
Tracked funding for companies headquartered in India across all years — totals, largest rounds, stage mix, and recent quarterly trends.
Snapshot read October 2026. Figures in USD.
Example request
curl "https://indexed.vc/api/v1/companies?countries=India&sort=last_funding_date&order=desc&limit=100" -H "X-API-Key: YOUR_API_KEY"The API returns companies, not funding rounds or totals, so this is the closest request: companies in this report, most recently funded first.
Funding totals and round counts include only positive known USD amounts. Company and stage counts also include rounds without a known USD amount.
$180.1B
Funding with USD Amounts
4,127
Rounds with USD Amounts
2,294
Companies with Funding Events
$5.7B
Largest Round
Funding Trend
Funding with known USD amounts per quarter. The current quarter is still filling in.
Year-only estimates are excluded from quarterly totals. Headline totals may include them.
Peak quarter '25 Q4 at $8.1B. Latest complete quarter (2026Q3): ▼ 65% QoQ · ▼ 34% YoY. Current quarter (QTD) is still filling in.
Largest Rounds
The biggest tracked India funding rounds with known USD amounts. Tap any company for its full profile.
Reliance Retail
Private Equity · India
$5.7B
Sep 2020
Reliance Jio
Corporate Round · India
$5.7B
Apr 2020
Reliance Retail
Venture Round · India
$5.6B
Sep 2020
Flipkart
Series G+ · India
$3.6B
Jul 2021
RBL Bank
Corporate Round · India
$3.0B
Oct 2025
Flipkart
Series G+ · India
$2.5B
Aug 2017
Reliance Logistics and Warehouse
Private Equity · India
$1.5B
May 2024
Reliance Jio
Corporate Round · India
$1.5B
May 2020
OYO
Series F · India
$1.5B
Oct 2019
Paytm
Series F · India
$1.4B
May 2017
Flipkart
Series G+ · India
$1.4B
Apr 2017
Yes Bank
Private Equity · India
$1.3B
Mar 2020
Avaada
Growth Equity · India
$1.3B
Jun 2023
Reliance Jio
Corporate Round · India
$1.2B
Jun 2020
Yes Bank
Private Equity · India
$1.1B
Aug 2022
Rounds by Stage
Most common stages among all eligible funding events, including rounds without a known USD amount.
Explore More
Methodology
Figures are aggregated from Indexed's live database of 100,422 company profiles and 22,512 investors. Company totals include publicly listed and inactive businesses. Company funding totals and individual event tables have different coverage; each report states its population and period. Amounts are shown in USD where available, and undisclosed amounts are excluded from dollar totals. Source coverage varies by record; follow company and event links to inspect supporting evidence. Report generated October 2026. Free to cite with attribution to Indexed.
Totals include recorded grants and other qualifying funding, not just equity. Debt financing, IPO proceeds and exit consideration are excluded from these funding totals. Valuations are company values, not capital raised. How funding is counted.