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Country comparison

India vs Canada: startup funding compared

Since 2 June 2025, startups in India raised $10.3B across 854 rounds, 2.1 times Canada's $4.8B.

IndiavsCanada
$10.3BCapital raised$4.8B
854Rounds114
$3.5MMedian round$6M
1.5%Share of all capital0.7%
55%Early-stage rounds55%

Capital raised running total by month

$10.3B$5.2B India, 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: $10.3BCanada, end of Jun 25: $206MCanada, end of Jul: $392MCanada, end of Aug: $1.1BCanada, end of Sept: $1.1BCanada, end of Oct: $1.2BCanada, end of Nov: $2BCanada, end of Dec: $2BCanada, end of Jan 26: $3.2BCanada, end of Feb: $3.7BCanada, end of Mar: $3.9BCanada, end of Apr: $3.9BCanada, end of May: $4BCanada, end of Jun: $4.5BCanada, end of Jul: $4.5BCanada, end of Aug: $4.7BCanada, end of Sept: $4.7BCanada, end of Oct: $4.7BCanada, end of Nov: $4.8B Jun 25SeptDecMarJunSept
IndiaCanada
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Where the money goes share of capital by sector

India

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

Canada

  • AI43%$2.1B
  • Robotics & Hardware25%$1.2B
  • Other13%$611M
  • Enterprise software8%$372M
  • Fintech4%$190M
  • Health4%$181M

Biggest rounds

India

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

Canada

  1. Waabi $750M 1
  2. Clio $500M 2
  3. Cohere $500M 3

Stage mix share of rounds

IndiaCanada
37%Pre-Seed and Seed39%
18%Series A16%
9%Series B10%
5%Series C and later8%
31%Other or undisclosed27%

Most active investors rounds joined

InvestorIndiaCanada
Accel381
Inflection Point Ventures33·
Peak XV Partners31·
Blume Ventures29·
3one4 Capital24·
Fireside Ventures22·
Info Edge Ventures22·
Rainmatter19·
Ashish Kacholia18·
Elevation Capital18·
DeVC17·
General Catalyst152

Startup hubs rounds and capital by city

India

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

Canada

  • Toronto37$2.3B
  • Vancouver15$903M
  • Montreal25$535M
  • Montréal1$302M
  • Calgary9$155M
  • Richmond3$122M

Latest rounds

Questions

Which country raised more startup funding, India or Canada?

India. Since 2 June 2025, startups in India raised $10.3B across 854 rounds, against $4.8B across 114 rounds in Canada, 2.1 times more. That is 1.5% and 0.7% of all the capital FundraiseBase tracked worldwide over the period.

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

854 rounds in India and 114 rounds in Canada since 2 June 2025, about 47 and 6 a month.

Are startup rounds bigger in India or Canada?

The median round is $3.5M in India and $6M in Canada, and the average round $12.1M and $42.2M. The median shows the typical round; the average is pulled up by a few very large ones.

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).

What is the biggest startup round in Canada?

The biggest startup rounds in Canada since 2 June 2025 are Waabi ($750M, 30 Jan 2026), Clio ($500M, Series G, 10 Nov 2025) and Cohere ($500M, 14 Aug 2025).

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

In India, Fintech ($2.7B, 26% of the capital), AI ($1.9B, 18%) and Consumer ($1.2B, 11%) lead. In Canada, AI ($2.1B, 43% of the capital), Robotics & Hardware ($1.2B, 25%) and Enterprise software ($372M, 8%) lead.

Is India or Canada better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in India and 55% in Canada. India recorded 314 Pre-Seed or Seed rounds and Canada 45 Pre-Seed or Seed rounds, with a median of $1.3M and $3.3M.

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

Startups in India raised $5.4B in 119 Series B or later rounds, 53% of the country's capital. In Canada, $1.9B in 20 rounds, 39% of the capital.

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.

Who are the most active startup investors in Canada?

BDC Capital (6 rounds, 2 led), Inovia Capital (6 rounds, 1 led) and Garage Capital (6 rounds, 1 led) are the most active investors in Canada.

Which investors back startups in both India and Canada?

22 investors joined rounds in both countries. The most active: Accel (38 in India, 1 in Canada), General Catalyst (15 in India, 2 in Canada), Lightspeed Venture Partners (14 in India, 1 in Canada), Bessemer Venture Partners (12 in India, 2 in Canada) and RTP Global (11 in India, 2 in Canada).

Which cities lead startup funding in India and Canada?

Bengaluru leads India with $5.6B across 286 rounds, ahead of Mumbai ($1B). Toronto leads Canada with $2.3B across 37 rounds, ahead of Vancouver ($903M).

Which month brought the most startup funding?

In India, June 2026 ($1.5B). In Canada, January 2026 ($1.2B).

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

In the 90 days to 11 Nov 2026, startups in India raised $1.8B across 95 rounds and in Canada $274M across 9 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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