THE CAPITAL DESK · FUNDING
Funding
Follow the money: every round, valuation and backer, with the stories behind the cheques.
India raised $148.9B across the database.
Where it came from, where it went, and the cheques that defined the year. Scroll to begin.
The megaround era, then the reset.
Capital surged, cooled, and is climbing again: each point a year of disclosed rounds.
From sectors into stages.
Ribbon width is capital: hover one to trace where a sector’s money concentrated.
The raises that moved the needle.
The largest disclosed rounds on record: click any to open the deal.
Capital raised over time
THE CAPITAL DESK · BROWSE
Every cheque, on record.
The Angel Tax Is Dead. India's Early-Stage Funding Did Not Instantly Rise From the Grave
Budget 2024 scrapped the angel tax for all investors from AY 2025-26. A year on, the friction is gone, but seed and early-stage funding still fell in 2025. Here is what actually changed.
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India's Angel Machine Grows Up: Inside the Networks Rewiring Seed Capital
As seed funding tightened in 2025, India's angel networks professionalised and consolidated. From IAN and LetsVenture's LVX rebrand to PedalStart, here is how organised angel capital is being rebuilt.
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