India tech funding rises 7% to $10.3 billion as investors favour larger bets

India’s technology startups raised $10.3 billion in the first nine months of 2026, up 7% from a year earlier, even as funding rounds fell 38%. The divergence points to a more concentrated market, with investors committing larger cheques to fewer companies while the pipeline of new and early-stage startups contracts.

According to Tracxn Technologies’ India Tech 9M 2026 report, 1,134 funding rounds were recorded through 21 September, down from 1,838 in the year-earlier period. First-time funded companies fell 30% to 338, while Series A and later rounds declined 23% to 409.