Geo Annual Report India Tech FY 2025-26 (Tracxn)

Summary

• A total of $11.7B was raised in FY 2025-26, a drop of 18% compared to $14.3B raised in FY 2024-25.p.4
• Early Stage funding was $4.8B in FY 2025-26, a rise of 33% compared to $3.6B, while Late Stage funding was $5.6B, a drop of 38% compared to $9.2B.p.4
• FY 2025-26 saw 13 $100M+ funding rounds compared to 23 such rounds in FY 2024-25.p.5
• India Tech recorded 47 IPOs in FY 2025-26, up 52% from 31 in FY 2024-25.p.6
• Tech companies in India saw 129 acquisitions in FY 2025-26, a drop of 15% compared to 151 in FY 2024-25.p.7
• There were 6 unicorns created in FY 2025-26, a rise of 50% compared to 4 in FY 2024-25.p.7
• Bengaluru based tech firms accounted for 33% of all funding seen by tech companies across India, followed by Mumbai with 21%.p.7

Key insights

1. India is the 4th highest funded country in FY 2025-26, behind only the United States, United Kingdom and China.p.4
2. Nxtra raised $710M in a PE round, Neysa raised $600M in a Series B round and Inox Clean Energy raised $344M in a Series D round.p.5
3. FinTech funding was $2.4B in FY 2025-26, an increase of 14% compared to $2.1B raised in FY 2024-25.p.6
4. Resulticks was acquired by Diginex at a price of $2B, the highest valued acquisition, followed by Brahma acquired by Polymarket at $1.2B.p.7
5. India raised $11.7B out of $538B global funding, ranking #4 with 1% of global funding.p.10
6. Deal activity declined to 1,632 rounds from 2,488, and first-time funded companies fell to 459 from 678.p.14
7. Seed-stage funding declined from $1.5B to $1.3B across 1,064 rounds in FY 2025-26.p.17
8. Average years from first funding to IPO were 14, versus 12.0 in FY 2024-25.p.30
9. Total funding raised by India Tech companies across all time stands at $182B.p.9