Funding benchmark · last 12 months

The typical Series A round in India

From 39 Series A rounds announced in India over the last twelve months, each read from a named source. Half of them raised between $6.7M and $16M.

See the roundsAll benchmarks

Series A India
Median round$10M
$3.7M1 in 10 below$6.7M – $16Mmiddle half$23M1 in 10 above

39 rounds counted · recounted nightly

Rounds counted39Series A rounds in India, last 12 months
Against worldwide-49%vs the $20M worldwide median
Since last round-too few earlier rounds on record
Lead named97%of these rounds name the investor who led

The trend

Median Series A round, quarter by quarter

From $19M in 2026 Q1 to $11M in 2026 Q3. Quarters with fewer than five rounds are left blank.

'24 Q43 rds
'25 Q13 rds
'25 Q20 rds
'25 Q34 rds
'25 Q43 rds
$19M'26 Q18 rds
'26 Q23 rds
$11M'26 Q312 rds

Who leads

The most active leads

The firms that led the most Series A rounds in India this year.

  1. 1Blume Ventures5 led
  2. 2Elevation Capital3 led
  3. 3IAN Alpha Fund3 led
  4. 4General Catalyst2 led
  5. 5Accel2 led
  6. 6Nexus Venture Partners2 led

Recent examples

Series A rounds in India, latest first

How to read these figures

They come from announced rounds. Large rounds are almost always announced and many small ones never are, so the true typical round is probably a little smaller than shown, most of all at pre-seed and seed. Every round behind them is in the record with its source. How we read rounds.

Other stages in India

Seed$2.5M

Series A elsewhere

AI$21MUnited States$25MFintech$16MHealthcare$20MUnited Kingdom$14MRobotics$28MBiotech$32MConstruction$23MCybersecurity$25MBig Data & Analytics$21MSoftware$18MEnergy$26MManufacturing$19MEnterprise Software$21MLogistics$13MDefence Tech$25MHardware & Electronics$25MFinancial Services$20MClimate Tech$15MAustralia$15MHealthtech$13MSaaS$17M

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Q&A

How big is a typical Series A round in India?

The median is $10M, from 39 Series A rounds announced in India in the last twelve months. Half of them raised between $6.7M and $16M; one in ten raised more than $23M.

Which rounds are counted?

Rounds announced in the last twelve months with a stated amount and stage, each read from a named article or filing. A page is only published where at least 30 rounds stand behind it.

Are these figures biased?

Towards larger rounds, yes. Big rounds are announced; many small ones never are. So the true typical round is probably a little smaller than the figure here, especially at pre-seed and seed.

How often does it change?

The figures are recounted from the record every night, as new rounds are read.