1、India Venture Capital Report 2026Warm currents in cold seas:VC/growth funding accelerates as broader private capital markets slow.IVCA|Bain&Company,Inc.2India Venture Capital Report 2026Sriwatsan Krishnan is a partner in Bain&Companys Mumbai office.He is a leader in the India Private Equity and Alte
2、rnative Investors practice.Aditya Shukla is a partner in Bain&Companys Mumbai office.He leads the India Private Equity and Alternative Investors practice.Prabhav Kashyap is a partner in Bain&Companys New Delhi office.He is a leader in the India Private Equity and Alternative Investors practice.Adity
3、a Muralidhar is an associate partner in Bain&Companys Bengaluru office.He is a leader in the India Private Equity and Alternative Investors practice.Khushbu Gupta is a senior manager in Bain&Companys Mumbai office and part of the India Private Equity and Alternative Investors practice.About the auth
4、orsKey contactsSriwatsan Krishnan in Mumbai()Aditya Shukla in Mumbai()Prabhav Kashyap in New Delhi()Aditya Muralidhar in Bengaluru()Khushbu Gupta in Mumbai()For media queries:Sitara Achreja()AcknowledgmentsWe deeply thank the Bain India teamTina Jain,Trishla Vats,and Sneha Choudharyfor their notable
5、 contributions,in-depth research,and analytical rigor.We also wish to thank the Bain Capability Network team(Vikas Sharma,Pooja Ghai,Akshit Jain,Priyanshi Agrawal,Arsheya Srivastava,and Ayan Bindra)and the editorial team(including Shelza Khan,Emily Gref,Melissa Blevins,and Jennifer Rubio)for their s
6、upport.IVCA|Bain&Company,Inc.Copyright 2026 Bain&Company,Inc.All rights reserved.3India Venture Capital Report 2026Definition:Classification of venture capital(VC)/growth investmentsIVCA|Bain&Company,Inc.VC/growth fundclassificationHeadquartered in India ORMajority workforce in IndiaGeography Deal i