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Country comparison

India vs Finland: startup funding compared

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

IndiavsFinland
$10.3BCapital raised$2.1B
854Rounds64
$3.5MMedian round$4.5M
1.5%Share of all capital0.3%
55%Early-stage rounds69%

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: $10.3BFinland, end of Jun 25: $58.2MFinland, end of Jul: $89.8MFinland, end of Aug: $92.7MFinland, end of Sept: $477MFinland, end of Oct: $1.4BFinland, end of Nov: $1.5BFinland, end of Dec: $1.7BFinland, end of Jan 26: $1.7BFinland, end of Feb: $1.7BFinland, end of Mar: $1.8BFinland, end of Apr: $1.8BFinland, end of May: $1.9BFinland, end of Jun: $1.9BFinland, end of Jul: $1.9BFinland, end of Aug: $1.9BFinland, end of Sept: $2.1BFinland, end of Oct: $2.1BFinland, end of Nov: $2.1B Jun 25SeptDecMarJunSept
IndiaFinland
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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

Finland

  • Health43%$914M
  • Robotics & Hardware23%$496M
  • AI21%$449M
  • Other4%$78M
  • Climate & Energy3%$55.6M
  • Cybersecurity3%$54.5M

Biggest rounds

India

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

Finland

  1. Oura $900M 1
  2. IQM Quantum Computers $300M 2
  3. Verda $189M 3

Stage mix share of rounds

IndiaFinland
37%Pre-Seed and Seed56%
18%Series A13%
9%Series B5%
5%Series C and later3%
31%Other or undisclosed23%

Most active investors rounds joined

InvestorIndiaFinland
Accel38·
Inflection Point Ventures33·
Peak XV Partners31·
Blume Ventures29·
3one4 Capital24·
Fireside Ventures22·
Info Edge Ventures22·
Rainmatter19·
Ashish Kacholia18·
Elevation Capital18·
DeVC17·
Unicorn India Ventures17·

Startup hubs rounds and capital by city

India

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

Finland

  • Oulu2$902M
  • Helsinki33$561M
  • Espoo9$559M
  • Tampere2$18.7M
  • Kouvola1$11.7M
  • Kuopio1$2.9M

Latest rounds

Questions

Which country raised more startup funding, India or Finland?

India. Since 2 June 2025, startups in India raised $10.3B across 854 rounds, against $2.1B across 64 rounds in Finland, 4.8 times more. That is 1.5% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.

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

854 rounds in India and 64 rounds in Finland since 2 June 2025, about 47 and 4 a month.

Are startup rounds bigger in India or Finland?

The median round is $3.5M in India and $4.5M in Finland, and the average round $12.1M and $33.5M. 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 Finland?

The biggest startup rounds in Finland since 2 June 2025 are Oura ($900M, Series E, 14 Oct 2025), IQM Quantum Computers ($300M, Series B, 3 Sept 2025) and Verda ($189M, Series B, 22 Sept 2026).

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

In India, Fintech ($2.7B, 26% of the capital), AI ($1.9B, 18%) and Consumer ($1.2B, 11%) lead. In Finland, Health ($914M, 43% of the capital), Robotics & Hardware ($496M, 23%) and AI ($449M, 21%) lead.

Is India or Finland better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in India and 69% in Finland. India recorded 314 Pre-Seed or Seed rounds and Finland 36 Pre-Seed or Seed rounds, with a median of $1.3M and $3.1M.

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

Startups in India raised $5.4B in 119 Series B or later rounds, 53% of the country's capital. In Finland, $1.6B in 5 rounds, 74% 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 Finland?

Lifeline Ventures (14 rounds, 9 led), Tesi (7 rounds, 1 led) and Antler (5 rounds, 2 led) are the most active investors in Finland.

Which investors back startups in both India and Finland?

6 investors joined rounds in both countries. The most active: General Catalyst (15 in India, 1 in Finland), Antler (11 in India, 5 in Finland), A.P. Moller Holding (1 in India, 1 in Finland), BlackRock (1 in India, 1 in Finland) and ICONIQ (1 in India, 1 in Finland).

Which cities lead startup funding in India and Finland?

Bengaluru leads India with $5.6B across 286 rounds, ahead of Mumbai ($1B). Oulu leads Finland with $902M across 2 rounds, ahead of Helsinki ($561M).

Which month brought the most startup funding?

In India, June 2026 ($1.5B). In Finland, October 2025 ($900M).

How much did startups in India and Finland 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 Finland $243M across 8 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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