Punjab, Sept. 29 -- Indian startups have raised about $17.1 billion across roughly 1,540 equity rounds so far in 2026. This week's cheques are small, and two of them are in categories venture capital had stopped writing into.

The recent rounds

A German fund in a Jaipur robotics seed

High-Tech Grunderfonds is Germany's largest early-stage deep-tech investor, and it does not typically appear on Indian seed rounds.

Its presence alongside a Swiss fund in a Jaipur hardware company is a small signal about where European deep-tech money is starting to look - and about the kind of Indian startup that can now raise abroad without moving abroad.

The shape of the year

$17.1 billion across 1,540 rounds works out to an average under $11 million a ...