India late-stage funding drops 38% in 2025-26
Late-stage startup funding in India continued its downward trend, falling to $5.6 billion in 2025-26, a 38% year-on-year decline. Data from Tracxn shows the number of rounds exceeding $100 million also dropped, from 23 to 13, signaling sustained investor caution in larger deals.
Sources: economictimes.indiatimes.com
“The contraction reflects broader global hesitation in late-stage investments, particularly in emerging markets where growth-stage startups face prolonged funding gaps despite earlier-stage activity showing resilience.”
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- India's late-stage funding crunch shrinks cheques, cuts valuations — economictimes.indiatimes.com
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