# Setu funding: rounds and investors

> Setu has raised $11M across 2 rounds since 2019. Investors include Lightspeed Venture Partners, Alpha Wave Global and Bharat Inclusion Seed Fund.

Source: https://millionrounds.com/company/setu (Millionrounds; every figure on the page links to its filing or article)

India · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Setu*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Developer Tools DevOps

Raised 10 months ago

Funding summary Updated 26 Oct 2026

**$11M** raised across 2 rounds since 2019, from 2 sources

**$3.5M** Seed **$7.0M** Venture

- **Latest round:** Venture, $7.0M Jan 2026
- **Step-up i:** 2×
- **Investors:** 3 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025 2026

**$3.5M** Seed

**$7.0M** Venture

- **First round:** Seed, $3.5M
- **Biggest round:** $7.0M
- **Between rounds:** 6.8 years

## The rounds

- **Jan 2026** Venture **$7.0M** *1 new* *1 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) Source recorded
- **Apr 2019** Seed **$3.5M** *2 new* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) Lead [Bharat Inclusion Seed Fund](https://millionrounds.com/fund/bharat-inclusion-seed-fund-2) Reported by YourStory

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2019 **Venture** 2026 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) L [Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) [Bharat Inclusion Seed Fund](https://millionrounds.com/fund/bharat-inclusion-seed-fund-2)

## Everyone who backed them

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds, led 1

[Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) Private equity **1** round

[Bharat Inclusion Seed Fund](https://millionrounds.com/fund/bharat-inclusion-seed-fund-2) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=setu).

## Quick answers about Setu

### Who invested in Setu?

Setu's investors include Lightspeed Venture Partners, Alpha Wave Global and Bharat Inclusion Seed Fund.

### How much has Setu raised?

Setu has raised $11M across 2 rounds since 2019.

### When did Setu last raise?

Setu's most recent round was a Venture of $7.0M in Jan 2026.

### What was Setu's biggest round?

Its most recent round, $7.0M in Jan 2026, is also its largest on record.

### Who backed Setu first?

Setu's first round on record, in Apr 2019, was backed by Lightspeed Venture Partners and Bharat Inclusion Seed Fund.

### What stage is Setu at?

Setu's latest named round is a Venture, in Jan 2026.

### Where is Setu based?

Setu is based in India.

### Who led Setu's rounds?

Lightspeed Venture Partners led the Seed in 2019.

## Companies like Setu

In the same sector, and raised in the last eighteen months.

[**Flapping Airplanes** $1.2B · Oct 2026](https://millionrounds.com/company/flapping-airplanes)[**Blacksmith** $131M · Oct 2026](https://millionrounds.com/company/blacksmith)[**Daytona** $132M · Oct 2026](https://millionrounds.com/company/daytona)[**Swamp Club** $7.0M · Oct 2026](https://millionrounds.com/company/swamp-club)[**Meticulous** $19M · Oct 2026](https://millionrounds.com/company/meticulous)[**OllyGarden** $5.6M · Oct 2026](https://millionrounds.com/company/ollygarden)

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