India, Sept. 30 -- India's startup ecosystem entered a more selective funding environment in Q3 2026, with investors deploying capital more cautiously amid macroeconomic pressures, elevated valuations and a sharper focus on high-conviction bets.

According to Inc42's 'Indian Tech Startup Funding Report, Q3 2026', homegrown new-age tech ventures raised $2.2 Bn between July and September, up 5% from the $2.1 Bn raised in the year-ago quarter. However, the number of deals fell 13% from 240 in Q3 2025 to 210 in the just-concluded quarter.

The median ticket size remained flat year-on-year (YoY) at $3 Mn. The funding momentum was largely driven by four mega deals (rounds of at least $100 Mn) versus just one such transaction in Q3 2025. The qua...