Country comparison

India vs Mexico: startup funding compared

Since 2 June 2025, startups in India raised $10.3B across 854 rounds, 7.8 times Mexico's $1.3B.

$10.3BCapital raised$1.3B
854Rounds23
$3.5MMedian round$13M
1.5%Share of all capital0.2%
55%Early-stage rounds61%

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: $10.3BMexico, end of Jun 25: $14.6MMexico, end of Jul: $191MMexico, end of Aug: $214MMexico, end of Sept: $314MMexico, end of Oct: $337MMexico, end of Nov: $344MMexico, end of Dec: $358MMexico, end of Jan 26: $382MMexico, end of Feb: $692MMexico, end of Mar: $700MMexico, end of Apr: $1.1BMexico, end of May: $1.1BMexico, end of Jun: $1.1BMexico, end of Jul: $1.1BMexico, end of Aug: $1.1BMexico, end of Sept: $1.3BMexico, end of Oct: $1.3BMexico, end of Nov: $1.3B Jun 25SeptDecMarJunSept
IndiaMexico
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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

Mexico

  • Fintech45%$596M
  • Other32%$420M
  • AI20%$263M
  • Health3%$35.8M
  • Consumer0%$2M

Biggest rounds

Stage mix share of rounds

IndiaMexico
37%Pre-Seed and Seed26%
18%Series A35%
9%Series B0%
5%Series C and later22%
31%Other or undisclosed17%

Most active investors rounds joined

InvestorIndiaMexico
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

Mexico

  • Mexico City12$867M
  • Guadalajara1$7.8M

Latest rounds

Questions

Which country raised more startup funding, India or Mexico?

India. Since 2 June 2025, startups in India raised $10.3B across 854 rounds, against $1.3B across 23 rounds in Mexico, 7.8 times more. That is 1.5% and 0.2% of all the capital FundraiseBase tracked worldwide over the period.

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

854 rounds in India and 23 rounds in Mexico since 2 June 2025, about 47 and 1 a month.

Are startup rounds bigger in India or Mexico?

The median round is $3.5M in India and $13M in Mexico, and the average round $12.1M and $57.3M. 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 Mexico?

The biggest startup rounds in Mexico since 2 June 2025 are Plata ($405M, Series C, 17 Apr 2026), Kavak ($300M, Series F, 17 Feb 2026) and Klar ($170M, Series C, 1 Jul 2025).

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

In India, Fintech ($2.7B, 26% of the capital), AI ($1.9B, 18%) and Consumer ($1.2B, 11%) lead. In Mexico, Fintech ($596M, 45% of the capital), AI ($263M, 20%) and Health ($35.8M, 3%) lead.

Is India or Mexico better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in India and 61% in Mexico. India recorded 314 Pre-Seed or Seed rounds and Mexico 6 Pre-Seed or Seed rounds, with a median of $1.3M and $4.8M.

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

Startups in India raised $5.4B in 119 Series B or later rounds, 53% of the country's capital. In Mexico, $1B in 5 rounds, 79% 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 Mexico?

Kaszek (2 rounds, 2 led), Andreessen Horowitz (2 rounds, 1 led) and Monashees (2 rounds, 1 led) are the most active investors in Mexico.

Which investors back startups in both India and Mexico?

9 investors joined rounds in both countries. The most active: Accel (38 in India, 1 in Mexico), General Catalyst (15 in India, 2 in Mexico), Prosus (9 in India, 1 in Mexico), General Atlantic (1 in India, 1 in Mexico) and IFC (1 in India, 1 in Mexico).

Which cities lead startup funding in India and Mexico?

Bengaluru leads India with $5.6B across 286 rounds, ahead of Mumbai ($1B). Mexico City leads Mexico with $867M across 12 rounds, ahead of Guadalajara ($7.8M).

Which month brought the most startup funding?

In India, June 2026 ($1.5B). In Mexico, April 2026 ($405M).

How much did startups in India and Mexico 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 Mexico $190M across 2 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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