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Monthly report · July 2026

Indian startups raised $1.74 billion in July

119 funding rounds · ▼ 44% vs June · about ₹15,306 crore

By ·

119funding rounds
$1.74 billiondisclosed
52first cheques
$5.5 millionmedian round

Key findings

  1. Indian startups raised $1.74 billion across 119 rounds in July 2026, down 44% from June 2026.
  2. The biggest cheque went to Sarvam AI: $234M, Growth (Series D+).
  3. Commerce & Consumer Brands had the most rounds (33), ahead of Enterprise Software & IT (20) and AI & Deep Tech (12).
  4. Inflection Point Ventures backed the most startups (6).
  5. 52 rounds were first cheques (seed or earlier). The median disclosed round was $5.5 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 July compares

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

See the numbers
MonthDisclosedRoundsFirst cheques
January 2026$1.80 billion14660
February 2026$1.14 billion15975
March 2026$1.92 billion13648
April 2026$1.47 billion12049
May 2026$3.34 billion11038
June 2026$3.13 billion11542
July 2026$1.74 billion11952
August 2026$3.74 billion15250
September 2026$2.35 billion14154

Where the money went

Sectors by number of rounds, or by money raised.

See the numbers
SectorRoundsDisclosed
Commerce & Consumer Brands33$340 million
Enterprise Software & IT20$176 million
AI & Deep Tech12$494 million
Healthcare & Life Sciences12$87.1 million
Financial Services8$166 million
Professional & Local Services7$47.8 million
Mobility & Logistics6$231 million
Climate, Energy & Sustainability6$66.3 million
Agriculture & Food Systems6$48.8 million
Government, Defense & Space3$50.6 million
Education & Skilling3$19.6 million
Consumer Internet & Media2$4.5 million
HR & Future of Work1$7.0 million

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.

Rounds

Money raised

See the numbers
StageRoundsDisclosed
Seed and earlier52$102 million
Pre-A and Series A19$139 million
Series B11$128 million
Series C4$217 million
Growth (Series D+)11$566 million
Other or undisclosed22$587 million

The ten biggest cheques

  1. 1
    $234 millionSarvam AI
    $234M · Growth (Series D+) · AI & Deep Tech · 3 July · profile
  2. 2
    $160 millionUdaan
    $160M · Other or undisclosed · Commerce & Consumer Brands · 14 July · profile
  3. 3E
    $130 millionEmergent
    $130 Mn · Series C · AI & Deep Tech · 15 July · profile
  4. 4A
    $119 millionAkasa Air
    ₹1,050 crore · Growth (Series D+) · Mobility & Logistics · 14 July · profile
  5. 5
    $90.9 millionRiver Mobility
    ₹800 Cr · Other or undisclosed · Mobility & Logistics · 10 July · profile
  6. 6E
    $80.0 millionEma
    $80 million · Growth (Series D+) · AI & Deep Tech · 22 July · profile
  7. 7F
    $75.0 millionFreehand
    $75 Mn · Other or undisclosed · Enterprise Software & IT · 29 July
  8. 8S
    $53.0 millionSolarSquare
    $53M · Series C · Climate, Energy & Sustainability · 3 July · profile
  9. 9V
    $44.0 millionVeriqus Group
    ₹387 crore · Other or undisclosed · Financial Services · 20 July
  10. 10R
    $40.0 millionRaghu Vamsi Aerospace Group
    $40M · Other or undisclosed · Government, Defense & Space · 20 July

Who wrote the most cheques

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

Inflection Point Ventures

HeatronicsBAAS TechnologiesCtruhNapTapGoNeuralKartTruth & Hair

Peak XV Partners

Sarvam AIWizCommerceOneCardVorfluxNeo GroupApna Mart

Accel

NinjacartPlazzaEmaApna Mart

All In Capital

CUNINMowitoPlazza

Blume Ventures

WizCommerceLightFury GamesAnmasa

Elevation Capital

SuperOps.aiReo.DevPlazza

3one4 Capital

BCT VenturesScimplify

Accel India

IndifiScimplify

Where the startups are

One square per round, coloured by stage.

Bengaluru
19 · $339 million
Mumbai
13 · $200 million
Gurugram
6 · $46.8 million
San Francisco
4 · $172 million
Hyderabad
3 · $55.5 million
Surat
2 · —
Pune
2 · $8.5 million
Delhi NCR
2 · $13.7 million

Beyond funding

Acquisitions

Redcliffe Labs acquires Megavision Diagnostics for ₹40 Cr20 July 2026Aurum PropTech buys Housing.com parent for ₹458 crore16 July 2026PhysicsWallah buys additional 11% stake in Sarrthi IAS16 July 2026Home Credit India buys Varthana for 967 crore rupees15 July 2026Raise Financial rebrands acquired insurance arm as Pluto Insurance10 July 2026Dil Foods in talks to acquire distressed FreshMenu10 July 2026Nurix AI acquires Verloop.io to expand enterprise AI platform9 July 2026BlackSoil Capital acquires Credit Fair’s solar financing business for ₹45 Cr9 July 2026

IPO news

Atomberg converts to public company for IPO31 July 2026Fibe leads second wave of fintech IPOs29 July 2026Ferns N Petals plans IPO by 202829 July 2026Table Space plans IPO of up to $350 Mn, with draft papers expected by early August 202628 July 2026BlueStone reports maiden profit after public market debut24 July 2026ShareChat plans $400M IPO by 202724 July 2026Elevate Campuses plans Rs 2,550 crore IPO in August23 July 2026Fusion Klassroom Edutech opens IPO with price band of ₹151–159 per share23 July 2026

Shutdowns and layoffs

Krutrim cuts staff as it pivots to enterprise services28 July 2026Professional networking platform Medial shuts down operations14 July 2026PicSee shuts down less than a year after launch7 July 2026Klydo stops accepting new orders after failed fundraising5 July 2026Dream Sports shuts down Dream Money fintech unit1 July 2026

Every round in July 2026

All 119 rounds

DateCompanyAmountStageSector
1 JulSpense$2.8MSeed and earlierFinancial Services
1 JulBrekfuz$525KSeed and earlierEnterprise Software & IT
1 JulDovetail Capital₹100 crorePre-A and Series AFinancial Services
1 JulCelloraa EnergyUndisclosedOther or undisclosedClimate, Energy & Sustainability
1 JulData Science Wizards$5MPre-A and Series AAI & Deep Tech
1 JulGladful₹2 croreSeed and earlierCommerce & Consumer Brands
1 JulSupply6₹48 CrPre-A and Series AHealthcare & Life Sciences
1 JulLimelight DiamondsRs 275 croreOther or undisclosedCommerce & Consumer Brands
1 JulAlbatross Energetics$1.05MPre-A and Series AClimate, Energy & Sustainability
2 JulNinjacart$6MOther or undisclosedAgriculture & Food Systems
2 JulAge Care Labs₹85 CrSeries BHealthcare & Life Sciences
2 JulHeatronics₹1.8 CrSeed and earlierHealthcare & Life Sciences
2 JulTulon Materials₹10 CrSeed and earlierClimate, Energy & Sustainability
2 JulBatX Energies₹105 Cr ($11 Mn)Pre-A and Series AClimate, Energy & Sustainability
2 JulPlayBlue$2.7 millionSeed and earlierCommerce & Consumer Brands
2 JulBCT Ventures₹42 croreSeed and earlierHealthcare & Life Sciences
3 JulSolarSquare$53MSeries CClimate, Energy & Sustainability
3 JulSarvam AI$234MGrowth (Series D+)AI & Deep Tech
3 JulCUNIN$450,000Seed and earlierCommerce & Consumer Brands
3 JulNudge$1.1 MnSeed and earlierEnterprise Software & IT
4 JulThe Indus Valley$17 MnSeries BCommerce & Consumer Brands
4 JulRawbareUndisclosedOther or undisclosedCommerce & Consumer Brands
6 JulSuperOps.ai$12.4 MnSeries BEnterprise Software & IT
6 JulTocalRs 9 croreSeed and earlierMobility & Logistics
7 JulFizzy GobletUndisclosedOther or undisclosedCommerce & Consumer Brands
7 JulOnpoint$600,000Seed and earlierCommerce & Consumer Brands
7 JulLuxury For YouUndisclosedOther or undisclosedCommerce & Consumer Brands
7 JulMowito$3MSeed and earlierAI & Deep Tech
7 JulThumpN₹35.7 croreSeed and earlierCommerce & Consumer Brands
7 JulEconovus Packaging₹40 CrorePre-A and Series AProfessional & Local Services
7 JulAlchemic₹2.5 croreSeed and earlierEnterprise Software & IT
7 JulStylework$1MSeries BEnterprise Software & IT
8 JulEdysor.aiRs 1.2 croreSeed and earlierEnterprise Software & IT
8 JulElevate Education₹170 CrGrowth (Series D+)Education & Skilling
8 JulAvni WellnessRs 4 croreOther or undisclosedHealthcare & Life Sciences
8 JulDoodhvale Farms$1MOther or undisclosedCommerce & Consumer Brands
8 JulOrigin Fresh$10 MnPre-A and Series ACommerce & Consumer Brands
8 JulAdage Automation₹230 croreOther or undisclosedProfessional & Local Services
8 JulMilo Drive$2.4MSeed and earlierMobility & Logistics
8 JulRoamPrimeundisclosedSeed and earlierCommerce & Consumer Brands
8 JuleNLife Research₹6 croreSeed and earlierHealthcare & Life Sciences
9 JulWheelocity>₹82 CrPre-A and Series ACommerce & Consumer Brands
9 JulHakimo$12MGrowth (Series D+)AI & Deep Tech
9 JulWizCommerce₹79.5 crorePre-A and Series AEnterprise Software & IT
9 JulShoegr₹6 croreSeed and earlierCommerce & Consumer Brands
9 JulTetr College of Businessover ₹1 croreSeed and earlierEducation & Skilling
9 JulIswaryaRs 350 croreGrowth (Series D+)Healthcare & Life Sciences
9 JulBAAS Technologies₹5 croreSeed and earlierGovernment, Defense & Space
9 JulCove and Lane₹6 croreSeed and earlierCommerce & Consumer Brands
10 JulJewelbox₹50 CrPre-A and Series ACommerce & Consumer Brands
10 JulRiver Mobility₹800 CrOther or undisclosedMobility & Logistics
10 JulIndifi₹79 croreGrowth (Series D+)Financial Services
10 JulChini Kum₹1 croreSeed and earlierCommerce & Consumer Brands
10 JulCtruh$2.5 MnSeed and earlierEnterprise Software & IT
10 JulBiofuelCircle₹35 CrOther or undisclosedAgriculture & Food Systems
11 JulAstrobase$10 millionSeed and earlierGovernment, Defense & Space
13 JulKapture CX$10 MnSeries BEnterprise Software & IT
13 JulDhruva Space₹60 Cr ($6.3 Mn)Series BAI & Deep Tech
13 JulOneCard₹72 croreGrowth (Series D+)Financial Services
13 JulBUILT$2 MnSeed and earlierCommerce & Consumer Brands
13 JulMalakiOver ₹10 croreSeed and earlierCommerce & Consumer Brands
13 JulNaturis Cosmetics₹100 CrOther or undisclosedCommerce & Consumer Brands
14 JulAkasa Air₹1,050 croreGrowth (Series D+)Mobility & Logistics
14 JulUdaan$160MOther or undisclosedCommerce & Consumer Brands
14 JulLightFury GamesUndisclosedGrowth (Series D+)Consumer Internet & Media
15 JulEmergent$130 MnSeries CAI & Deep Tech
15 JulProMom₹30 croreSeed and earlierCommerce & Consumer Brands
15 JulBolna AI$6.3MSeed and earlierAI & Deep Tech
15 JulHisabkitabundisclosedSeed and earlierEnterprise Software & IT
15 JulE3 Electric.AI₹100 CrPre-A and Series AMobility & Logistics
15 JulOpen SecretRs 50 croreGrowth (Series D+)Commerce & Consumer Brands
15 JulLogcat.ai$2.55MSeed and earlierAI & Deep Tech
15 JulAnmasa₹30 CrSeed and earlierCommerce & Consumer Brands
16 JulKuhlTherm$1.1MSeed and earlierAI & Deep Tech
16 JulMandrake Bio₹16 CrSeed and earlierAgriculture & Food Systems
16 JulBorderPlus$7MSeed and earlierHR & Future of Work
16 JulNapTapGoRs 8 croreSeed and earlierProfessional & Local Services
16 JulCircle HealthUndisclosedPre-A and Series AHealthcare & Life Sciences
16 JulSwitchOn$8M (₹78 Cr)Series BAI & Deep Tech
16 JulGroyyo₹90 Cr ($9.3-9.4 Mn)Series BEnterprise Software & IT
16 JulReo.Dev$11.3MPre-A and Series AEnterprise Software & IT
16 JulQuick Clean₹133 Cr ($14 Mn)Series BProfessional & Local Services
16 JulRize$31MSeries BAgriculture & Food Systems
16 JulVorflux$15MSeed and earlierEnterprise Software & IT
16 JulScimplifyRs 180.87 CrSeries CEnterprise Software & IT
16 JulAina$5.5MSeed and earlierAI & Deep Tech
17 JulNeo Group~INR 350 croreOther or undisclosedFinancial Services
18 JulSprectUndisclosedSeed and earlierProfessional & Local Services
20 JulVeriqus Group₹387 croreOther or undisclosedFinancial Services
20 JulPlazza$15MPre-A and Series AHealthcare & Life Sciences
20 JulLNGVTYRs 5 croreSeed and earlierCommerce & Consumer Brands
20 JulRetnerUndisclosedSeed and earlierEnterprise Software & IT
20 JulSUIND₹20.5 CrSeed and earlierAgriculture & Food Systems
20 JulBlack Mass Energies₹1.1 croreSeed and earlierClimate, Energy & Sustainability
20 JulRaghu Vamsi Aerospace Group$40MOther or undisclosedGovernment, Defense & Space
21 Jul30 SundaysRs. 61 crore ($6.7M)Pre-A and Series ACommerce & Consumer Brands
21 JulFireAI₹2.5 croreSeed and earlierEnterprise Software & IT
22 JulEma$80 millionGrowth (Series D+)AI & Deep Tech
22 JulBioscan Research$1MSeed and earlierHealthcare & Life Sciences
22 JulFarm Watt Innovations₹32.5 CrSeed and earlierAgriculture & Food Systems
23 JulNeuralKart₹2.35 croreSeed and earlierEnterprise Software & IT
23 JulCARPL.ai$10 MnPre-A and Series AHealthcare & Life Sciences
23 JulWiffy$3MPre-A and Series AEnterprise Software & IT
23 JulUrban HarvestRs 341.4 CrGrowth (Series D+)Commerce & Consumer Brands
23 JulFlamINR 38 Cr ($4.5 Mn)Pre-A and Series AConsumer Internet & Media
23 JulUpKraft₹1.6 croreSeed and earlierEducation & Skilling
23 JulBusinessNext$40MOther or undisclosedFinancial Services
24 JulBasil AllianceUndisclosedSeed and earlierCommerce & Consumer Brands
24 JulMannlichUndisclosedSeed and earlierCommerce & Consumer Brands
27 JulOmega Seiki Mobility₹50 CrOther or undisclosedMobility & Logistics
27 JulBeyond The Sugar₹1 croreOther or undisclosedHealthcare & Life Sciences
28 JulHouse of Student₹19 croreSeed and earlierProfessional & Local Services
29 JulRevspot$4.8M (₹45.9 Cr)Pre-A and Series AEnterprise Software & IT
29 JulFreehand$75 MnOther or undisclosedEnterprise Software & IT
30 JulApna MartRs 120 croreSeries CCommerce & Consumer Brands
30 JulAham Housing Finance₹100 CrOther or undisclosedFinancial Services
30 JulSid's Farmover Rs 81 croreSeries BCommerce & Consumer Brands
30 JulTruth & Hair₹5.4 croreSeed and earlierCommerce & Consumer Brands
30 JulVault by Virat KohliUndisclosedOther or undisclosedProfessional & Local Services

How these numbers are counted

  • Equity funding rounds raised by Indian startups and announced in July 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: July 2026”, stopdown.in/report/2026-07

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