India’s startup pipeline narrows despite rise in unicorns and IPOs in H1

India’s technology startup ecosystem produced more unicorns and faster public listings in the first half of 2026, even as fewer new companies secured funding.

Technology startups raised $7.2 billion across 652 equity funding rounds between January 1 and June 24, according to Tracxn. While total funding rose 12% from a year earlier, the number of deals fell 43%, showing that investors continued to back fewer companies with larger investments.