Indian tech startups' total fundraise declined by 18% to $11.7 billion in FY26 from $14.3 billion in FY25, according to Tracxn's report. The funding of seed-stage and late-stage startups declined by 15% and 38% respectively, while early-stage funding rose 33%. As per the report, India was the fourth-highest funded country globally in FY26, after the US, UK, and China.