Bengaluru: Bengaluru’s tech startups raised $4.4 billion in the first nine months of 2026, almost matching the $4.8 billion raised collectively by the next five cities, underlining the Karnataka capital’s continued dominance of India’s startup funding landscape.According to Tracxn’s ‘India Tech — 9M 2026 Report’, Bengaluru accounted for 43% of India’s tech funding during the period, compared with 38% in the corresponding period of 2025. Mumbai, Gurugram, Noida, Delhi and Hyderabad together accounted for about $4.8 billion. The report covers funding from Jan 1 to Sept 21, 2026.Bengaluru’s funding was also higher than the combined funds raised by the next three cities, Mumbai ($1.8 billion), Gurugram ($1.6 billion), and Noida ($660 million). The city’s funding rose about 22% from $3.6 billion in the first nine months (9M) of 2025.Large rounds accounted for a significant portion of Bengaluru’s funding. CRED raised $540 million, Rapido raised $240 million, and Sarvam raised $234 million. Other sizeable rounds included $220 million for KreditBee, $160 million for udaan and $130 million for Emergent. Rideriver, Slice, Navi and Pixxel each raised $100 million or more during the period.Mumbai remained the second-largest funding centre with $1.8 billion, up from $1.6 billion in 9M 2025. Its share rose from 16% to 18%. Neysa’s $600 million Series B was the city’s largest round, followed by Yotta’s $150 million and Weaver’s $103 million.Gurugram recorded the sharpest increase among the major centres. Funding more than doubled from $741 million to $1.6 billion, taking its share from 8% to 16%. The increase was driven substantially by Nxtra’s $1 billion private-equity round. Hygenco raised $105 million.Noida, meanwhile, raised $660 million, slightly below the $693 million recorded in 9M 2025, while Delhi saw a much steeper fall, with funding dropping from $1.4 billion to $446 million and its share declining from 15% to 4%.Hyderabad, meanwhile, moved in the other direction, with funding rising from $202 million to $298 million. Pune’s funding fell from $448 million to $184 million, while Chennai remained unchanged at $181 million. Ahmedabad declined from $135 million to $64.9 million.Across India, 1,134 funding rounds were recorded in 9M 2026, compared with 1,838 in 9M 2025. Total funding, however, rose to $10.3 billion from $9.7 billion, as larger rounds lifted the overall value despite fewer transactions.The city-wise data points to a funding market that remains heavily concentrated in a handful of established startup centres, with Bengaluru alone accounting for more than two-fifths of the funding captured by the top 10 cities in the country.
