India’s technology startup ecosystem raised $10.3 billion in funding during the first nine months of 2026, according to data from Tracxn. The figure represents a 7% increase from the $9.7 billion raised during the same period in 2025. However, the headline funding increase came alongside a significant decline in the number of funding rounds. Indian technology companies recorded 1,134 funding rounds through September 21, down 38% from 1,838 rounds during the comparable period last year. The latest numbers suggest that startup funding in India is becoming more concentrated, with larger…
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