Indian startups raised $1.92 billion in March

Key findings

1. Indian startups raised $1.92 billion across 136 rounds in March 2026, up 69% from February 2026.
2. The biggest cheque went to Cars24: ₹3,500 Cr, Growth (Series D+).
3. Commerce & Consumer Brands had the most rounds (37), ahead of Healthcare & Life Sciences (17) and Enterprise Software & IT (15).
4. Blume Ventures backed the most startups (7).
5. 48 rounds were first cheques (seed or earlier). The median disclosed round was $4.0 million.

Every round, day by day

Each bubble is one round, placed on the day it was announced. Bigger bubble, bigger cheque. Dashed rings are rounds with no amount disclosed. Tap a stage to isolate it.

How March compares

Every month we have reported. Tap a month to open its report.

Where the money went

Sectors by number of rounds, or by money raised.

From first cheque to growth

Rounds and money at each stage. Early stages bring most of the rounds; late stages bring most of the money.

The ten biggest cheques

1. 1
   $398 millionCars24

   ₹3,500 Cr · Growth (Series D+) · Commerce & Consumer Brands · 2 March · profile
2. 2
   $200 millionSarvam AI

   $200-250 million · Series B · AI & Deep Tech · 24 March · profile
3. 3W
   $156 millionWeaver Services

   Rs 1,450 Cr ($156M) · Series B · Financial Services · 18 March
4. 4R
   $60.0 millionRocketlane

   $60M · Series C · Enterprise Software & IT · 25 March
5. 5
   $56.8 millionNeo Group

   ₹500 Cr · Growth (Series D+) · Financial Services · 20 March · profile
6. 6B
   $51.1 millionBlinkit

   ₹450 Cr · Other or undisclosed · Commerce & Consumer Brands · 12 March · profile
7. 7C
   $50.0 millionCult.fit

   ₹440 crore · Growth (Series D+) · Professional & Local Services · 24 March · profile
8. 8C
   $47.2 millionCureFit

   ₹440 Cr ($47.2 Mn) · Growth (Series D+) · Healthcare & Life Sciences · 23 March · profile
9. 9E
   $47.0 millionEuler Motors

   ₹437.5 crore ($47 million) equity + ₹250 crore debt · Growth (Series D+) · Mobility & Logistics · 24 March · profile
10. 10
    $42.0 millionEcofy

    ₹380.5 Cr ($42 Mn) · Series C · Financial Services · 16 March · profile

Who wrote the most cheques

Investors that backed two or more startups this month. One dot per startup.

Where the startups are

One square per round, coloured by stage.

Beyond funding

Every round in March 2026

All 136 rounds

How these numbers are counted

• Equity funding rounds raised by Indian startups and announced in March 2026.
• Debt, bonds, IPO proceeds, rights issues and rounds still in talks are left out. A round reported more than once is counted once.
• Totals add only disclosed amounts. Rupee amounts are converted at ₹88 per US dollar.
• Figures can change as companies update them.

Cite as: StopDown, “Indian startup funding report: March 2026”, stopdown.in/report/2026-03