byMediaBoost

Country comparison

India vs Italy: startup funding compared

Since 2 June 2025, startups in India raised $10.3B across 854 rounds, 5.8 times Italy's $1.8B.

IndiavsItaly
$10.3BCapital raised$1.8B
854Rounds117
$3.5MMedian round$3.8M
1.5%Share of all capital0.3%
55%Early-stage rounds57%

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: $10.3BItaly, end of Jun 25: $56.9MItaly, end of Jul: $171MItaly, end of Aug: $177MItaly, end of Sept: $245MItaly, end of Oct: $720MItaly, end of Nov: $897MItaly, end of Dec: $1BItaly, end of Jan 26: $1.1BItaly, end of Feb: $1.1BItaly, end of Mar: $1.1BItaly, end of Apr: $1.2BItaly, end of May: $1.4BItaly, end of Jun: $1.4BItaly, end of Jul: $1.4BItaly, end of Aug: $1.4BItaly, end of Sept: $1.8BItaly, end of Oct: $1.8BItaly, end of Nov: $1.8B Jun 25SeptDecMarJunSept
IndiaItaly
Newsletter Startup rounds, in your inbox.

Free. Unsubscribe anytime.

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

Italy

  • AI30%$544M
  • Enterprise software20%$358M
  • Health19%$335M
  • Other10%$178M
  • Robotics & Hardware6%$116M
  • Cybersecurity6%$101M

Biggest rounds

India

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

Italy

  1. Exein $270M 1
  2. Bending Spoons $270M 2
  3. AAVantgarde Bio $141M 3

Stage mix share of rounds

IndiaItaly
37%Pre-Seed and Seed44%
18%Series A13%
9%Series B3%
5%Series C and later3%
31%Other or undisclosed36%

Most active investors rounds joined

InvestorIndiaItaly
Accel38·
Inflection Point Ventures33·
Peak XV Partners31·
Blume Ventures29·
CDP Venture Capital·29
3one4 Capital24·
Fireside Ventures22·
Info Edge Ventures22·
Rainmatter19·
Ashish Kacholia18·
Elevation Capital18·
DeVC17·

Startup hubs rounds and capital by city

India

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

Italy

  • Milan53$976M
  • Rome9$381M
  • Genoa2$85.9M
  • Turin10$49.5M
  • Pianezza1$23.5M
  • Cantù1$17.2M

Latest rounds

Questions

Which country raised more startup funding, India or Italy?

India. Since 2 June 2025, startups in India raised $10.3B across 854 rounds, against $1.8B across 117 rounds in Italy, 5.8 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 Italy?

854 rounds in India and 117 rounds in Italy since 2 June 2025, about 47 and 7 a month.

Are startup rounds bigger in India or Italy?

The median round is $3.5M in India and $3.8M in Italy, and the average round $12.1M and $15.3M. 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 Italy?

The biggest startup rounds in Italy since 2 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).

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

In India, Fintech ($2.7B, 26% of the capital), AI ($1.9B, 18%) and Consumer ($1.2B, 11%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.

Is India or Italy better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in India and 57% in Italy. India recorded 314 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $1.3M and $2.3M.

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

Startups in India raised $5.4B in 119 Series B or later rounds, 53% of the country's capital. In Italy, $461M in 8 rounds, 26% 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 Italy?

CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.

Which investors back startups in both India and Italy?

4 investors joined rounds in both countries. The most active: Leo Capital (2 in India, 1 in Italy), FJ Labs (2 in India, 1 in Italy), a16z speedrun (1 in India, 1 in Italy) and CE-Ventures (1 in India, 1 in Italy).

Which cities lead startup funding in India and Italy?

Bengaluru leads India with $5.6B across 286 rounds, ahead of Mumbai ($1B). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).

Which month brought the most startup funding?

In India, June 2026 ($1.5B). In Italy, October 2025 ($474M).

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

In the 90 days to 12 Nov 2026, startups in India raised $1.8B across 95 rounds and in Italy $391M across 12 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.

More comparisons

India

Italy

All country comparisons →