# Startup funding in India, August 2026: River Mobility's $120M Series C leads 8 rounds

> We read 8 equity rounds raised in India and announced in August 2026, raising $283M between them: 4% of the rounds we read worldwide that month and 1% of...

Source: https://millionrounds.com/news/monthly/2026-08/india (Millionrounds; every figure on the page links to its filing or article)

Equity rounds **8** raised in India, 7 with an amount

Raised **$283M** across those rounds

Lead named **100%** of rounds say who led

Share of the world **4%** of rounds; 1% of the money

## The biggest rounds

- [1 R **River Mobility** Series C · led by Declaration Partners, Elev8 Venture Partners **$120M**](https://millionrounds.com/company/river-mobility)
- [2 **Yulu** Series C · led by GEF Capital Partners **$93M**](https://millionrounds.com/company/yulu)
- [3 **Airbound** Series A · led by Greenoaks **$37M**](https://millionrounds.com/company/airbound)
- [4 R **Runable** Series A · led by Nexus Venture Partners, Susquehanna Asia Venture Capital **$21M**](https://millionrounds.com/company/runable)
- [5 R **Ringg** Series A · led by Surge **$10M**](https://millionrounds.com/company/ringg)
- [6 **CarbonStrong** Seed · led by IAN Angel Fund **$1.3M**](https://millionrounds.com/company/carbonstrong)
- [7 **Invisel** Seed · led by IAN Angel Fund **$419K**](https://millionrounds.com/company/invisel)

## Day by day

Equity rounds raised in India and announced each day of August. The busiest day was 25 August, with 3.

1 August 31 August

## By stage, against the year

Each stage's median this month beside its twelve-month median: India's own where we hold enough rounds for a benchmark, otherwise the worldwide one.

[Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *1* **-** this month **$2.0M** 12 months, worldwide

[Seed](https://millionrounds.com/benchmarks/seed/india) *2* **$865K** this month **$2.3M** 12 months here

[Series A](https://millionrounds.com/benchmarks/series-a/india) *3* **$21M** this month **$10M** 12 months here

[Series C](https://millionrounds.com/benchmarks/series-c) *2* **$107M** this month **$100M** 12 months, worldwide

## The most active leads

Firms that led two or more of the month's rounds in India.

- [**IAN Angel Fund** CarbonStrong, Invisel *2 led*](https://millionrounds.com/fund/ian-angel-fund)

## In what

- Chemicals & Materials **3**
- Automotive & EVs **2**
- [Climate Tech](https://millionrounds.com/news/monthly/2026-08/sector/climate) **2**
- [AI](https://millionrounds.com/news/monthly/2026-08/sector/ai) **2**
- Delivery **2**
- [Logistics](https://millionrounds.com/news/monthly/2026-08/sector/logistics) **2**
- Deeptech **1**
- SaaS **1**

Chemicals & Materials was the busiest sector in India.

## Against the world

- Rounds, India **8**
- Rounds, worldwide **220**
- Raised, India **$283M**
- Raised, worldwide **$25B**

[The whole of August 2026](https://millionrounds.com/news/monthly/2026-08)

## Other countries in August

[93 rounds **United States** *→*](https://millionrounds.com/news/monthly/2026-08/united-states)[24 rounds **United Kingdom** *→*](https://millionrounds.com/news/monthly/2026-08/united-kingdom)[12 rounds **Australia** *→*](https://millionrounds.com/news/monthly/2026-08/australia)[9 rounds **Canada** *→*](https://millionrounds.com/news/monthly/2026-08/canada)[8 rounds **Brazil** *→*](https://millionrounds.com/news/monthly/2026-08/brazil)[5 rounds **China** *→*](https://millionrounds.com/news/monthly/2026-08/china)

**How this roundup is made**

It is written from the rounds we read that month in named articles and filings, counted by the country the company raised in. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each month the eight countries with the most equity rounds get their own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)
