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Country comparison

France vs India: startup funding compared

Since 2 June 2025, startups in France raised $11.8B across 366 rounds, 1.1 times India's $10.3B.

FrancevsIndia
$11.8BCapital raised$10.3B
366Rounds854
$6.9MMedian round$3.5M
1.7%Share of all capital1.5%
66%Early-stage rounds55%

Capital raised running total by month

$11.8B$5.9B France, end of Jun 25: $622MFrance, end of Jul: $1BFrance, end of Aug: $1BFrance, end of Sept: $3.7BFrance, end of Oct: $4.3BFrance, end of Nov: $4.6BFrance, end of Dec: $5BFrance, end of Jan 26: $5.4BFrance, end of Feb: $5.6BFrance, end of Mar: $6BFrance, end of Apr: $6.2BFrance, end of May: $6.5BFrance, end of Jun: $7.2BFrance, end of Jul: $7.5BFrance, end of Aug: $7.5BFrance, end of Sept: $11.2BFrance, end of Oct: $11.7BFrance, end of Nov: $11.8BIndia, end of Jun 25: $851MIndia, end of Jul: $1.1BIndia, end of Aug: $1.6BIndia, end of Sept: $2.2BIndia, end of Oct: $2.9BIndia, end of Nov: $3.4BIndia, end of Dec: $3.8BIndia, end of Jan 26: $4.5BIndia, end of Feb: $4.9BIndia, end of Mar: $5.4BIndia, end of Apr: $6BIndia, end of May: $6.6BIndia, end of Jun: $8.2BIndia, end of Jul: $8.2BIndia, end of Aug: $9BIndia, end of Sept: $9.7BIndia, end of Oct: $10.1BIndia, end of Nov: $10.3B Jun 25SeptDecMarJunSept
FranceIndia
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Where the money goes share of capital by sector

France

  • AI66%$7.7B
  • Other8%$883M
  • Health6%$752M
  • Fintech5%$594M
  • Climate & Energy4%$453M
  • Robotics & Hardware3%$383M

India

  • Fintech26%$2.7B
  • AI18%$1.9B
  • Consumer11%$1.2B
  • Enterprise software10%$1B
  • Other10%$1B
  • Climate & Energy9%$925M

Biggest rounds

France

  1. Mistral $3.5B 1
  2. Mistral AI $2B 2
  3. Alan $547M 3

India

  1. CRED $900M 1
  2. Sarvam AI $300M 2
  3. KreditBee $280M 3

Stage mix share of rounds

FranceIndia
47%Pre-Seed and Seed37%
19%Series A18%
5%Series B9%
3%Series C and later5%
26%Other or undisclosed31%

Most active investors rounds joined

InvestorFranceIndia
Bpifrance55·
Kima Ventures46·
Accel238
Inflection Point Ventures·33
Peak XV Partners·31
Blume Ventures·29
3one4 Capital·24
Fireside Ventures·22
Info Edge Ventures·22
General Catalyst515
Rainmatter·19
Ashish Kacholia·18

Startup hubs rounds and capital by city

France

  • Paris198$6.1B
  • Grenoble13$327M
  • Marseille5$150M
  • Malakoff1$117M
  • Lyon8$104M
  • Bordeaux7$87.2M

India

  • Bengaluru286$5.6B
  • Mumbai82$1B
  • Gurugram66$419M
  • Hyderabad34$273M
  • Pune26$261M
  • Noida13$215M

Latest rounds

Questions

Which country raised more startup funding, France or India?

France. Since 2 June 2025, startups in France raised $11.8B across 366 rounds, against $10.3B across 854 rounds in India, 1.1 times more. That is 1.7% and 1.5% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in France and India?

366 rounds in France and 854 rounds in India since 2 June 2025, about 20 and 47 a month.

Are startup rounds bigger in France or India?

The median round is $6.9M in France and $3.5M in India, and the average round $32.1M and $12.1M. The median shows the typical round; the average is pulled up by a few very large ones.

What is the biggest startup round in France?

The biggest startup rounds in France since 2 June 2025 are Mistral ($3.5B, Series D, 8 Sept 2026), Mistral AI ($2B, Series C, 9 Sept 2025) and Alan ($547M, 29 Jun 2026).

What is the biggest startup round in India?

The biggest startup rounds in India since 2 June 2025 are CRED ($900M, Series H, 23 Jun 2026), Sarvam AI ($300M, Series B, 15 Jun 2026) and KreditBee ($280M, Series E, 8 Apr 2026).

Which sectors attract the most startup funding in France and India?

In France, AI ($7.7B, 66% of the capital), Health ($752M, 6%) and Fintech ($594M, 5%) lead. In India, Fintech ($2.7B, 26% of the capital), AI ($1.9B, 18%) and Consumer ($1.2B, 11%) lead.

Is France or India better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 66% of rounds in France and 55% in India. France recorded 172 Pre-Seed or Seed rounds and India 314 Pre-Seed or Seed rounds, with a median of $3.1M and $1.3M.

How much growth funding (Series B and later) goes to France and India?

Startups in France raised $6.8B in 30 Series B or later rounds, 58% of the country's capital. In India, $5.4B in 119 rounds, 53% of the capital.

Who are the most active startup investors in France?

Bpifrance (55 rounds, 8 led), Kima Ventures (46 rounds, 5 led) and Daphni (11 rounds, 8 led) are the most active investors in France.

Who are the most active startup investors in India?

Accel (38 rounds, 22 led), Inflection Point Ventures (33 rounds, 26 led) and Peak XV Partners (31 rounds, 15 led) are the most active investors in India.

Which investors back startups in both France and India?

24 investors joined rounds in both countries. The most active: Accel (2 in France, 38 in India), General Catalyst (5 in France, 15 in India), Lightspeed Venture Partners (3 in France, 14 in India), Y Combinator (10 in France, 5 in India) and RTP Global (2 in France, 11 in India).

Which cities lead startup funding in France and India?

Paris leads France with $6.1B across 198 rounds, ahead of Grenoble ($327M). Bengaluru leads India with $5.6B across 286 rounds, ahead of Mumbai ($1B).

Which month brought the most startup funding?

In France, September 2026 ($3.7B). In India, June 2026 ($1.5B).

How much did startups in France and India raise in the last 90 days?

In the 90 days to 12 Nov 2026, startups in France raised $4.2B across 29 rounds and in India $1.8B across 95 rounds.

Where does this data come from?

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.

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