byMediaBoost

Country comparison

India vs Sweden: startup funding compared

Since 2 June 2025, startups in India raised $10.3B across 854 rounds, 2.8 times Sweden's $3.7B.

IndiavsSweden
$10.3BCapital raised$3.7B
854Rounds91
$3.5MMedian round$6.3M
1.5%Share of all capital0.5%
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: $10.3BSweden, end of Jun 25: $84.8MSweden, end of Jul: $298MSweden, end of Aug: $529MSweden, end of Sept: $601MSweden, end of Oct: $964MSweden, end of Nov: $985MSweden, end of Dec: $1.4BSweden, end of Jan 26: $1.4BSweden, end of Feb: $1.5BSweden, end of Mar: $2.1BSweden, end of Apr: $2.2BSweden, end of May: $2.2BSweden, end of Jun: $2.2BSweden, end of Jul: $2.9BSweden, end of Aug: $3.4BSweden, end of Sept: $3.6BSweden, end of Oct: $3.7BSweden, end of Nov: $3.7B Jun 25SeptDecMarJunSept
IndiaSweden
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

Sweden

  • AI57%$2.1B
  • Health22%$831M
  • Climate & Energy10%$383M
  • Fintech4%$164M
  • Other3%$124M
  • Robotics & Hardware2%$62.3M

Biggest rounds

India

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

Sweden

  1. Neko Health $699M 1
  2. Legora $550M 2
  3. Lovable $400M 3

Stage mix share of rounds

IndiaSweden
37%Pre-Seed and Seed46%
18%Series A9%
9%Series B4%
5%Series C and later5%
31%Other or undisclosed35%

Most active investors rounds joined

InvestorIndiaSweden
Accel384
Inflection Point Ventures33·
Peak XV Partners31·
Blume Ventures29·
3one4 Capital24·
Fireside Ventures22·
Info Edge Ventures22·
Rainmatter19·
Ashish Kacholia18·
Elevation Capital18·
General Catalyst153
DeVC17·

Startup hubs rounds and capital by city

India

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

Sweden

  • Stockholm61$2.2B
  • Lund5$79.4M
  • Nora1$35.3M
  • Gothenburg8$23M
  • Linköping2$11.7M
  • Umea1$8.5M

Latest rounds

Questions

Which country raised more startup funding, India or Sweden?

India. Since 2 June 2025, startups in India raised $10.3B across 854 rounds, against $3.7B across 91 rounds in Sweden, 2.8 times more. That is 1.5% and 0.5% of all the capital FundraiseBase tracked worldwide over the period.

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

854 rounds in India and 91 rounds in Sweden since 2 June 2025, about 47 and 5 a month.

Are startup rounds bigger in India or Sweden?

The median round is $3.5M in India and $6.3M in Sweden, and the average round $12.1M and $40.6M. 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 Sweden?

The biggest startup rounds in Sweden since 2 June 2025 are Neko Health ($699M, Series C, 15 Jul 2026), Legora ($550M, Series E, 10 Mar 2026) and Lovable ($400M, Series C, 12 Aug 2026).

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

In India, Fintech ($2.7B, 26% of the capital), AI ($1.9B, 18%) and Consumer ($1.2B, 11%) lead. In Sweden, AI ($2.1B, 57% of the capital), Health ($831M, 22%) and Climate & Energy ($383M, 10%) lead.

Is India or Sweden better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in India and 55% in Sweden. India recorded 314 Pre-Seed or Seed rounds and Sweden 42 Pre-Seed or Seed rounds, with a median of $1.3M and $2.9M.

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

Startups in India raised $5.4B in 119 Series B or later rounds, 53% of the country's capital. In Sweden, $2.4B in 9 rounds, 65% 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 Sweden?

Industrifonden (7 rounds, 4 led), Luminar Ventures (6 rounds, 2 led) and Almi Invest (6 rounds) are the most active investors in Sweden.

Which investors back startups in both India and Sweden?

14 investors joined rounds in both countries. The most active: Accel (38 in India, 4 in Sweden), General Catalyst (15 in India, 3 in Sweden), Antler (11 in India, 5 in Sweden), Lightspeed Venture Partners (14 in India, 1 in Sweden) and Bessemer Venture Partners (12 in India, 2 in Sweden).

Which cities lead startup funding in India and Sweden?

Bengaluru leads India with $5.6B across 286 rounds, ahead of Mumbai ($1B). Stockholm leads Sweden with $2.2B across 61 rounds, ahead of Lund ($79.4M).

Which month brought the most startup funding?

In India, June 2026 ($1.5B). In Sweden, July 2026 ($702M).

How much did startups in India and Sweden 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 Sweden $348M 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

Sweden

All country comparisons →