CIOL Startup Funding Tracker: Where India’s Startup Money Went in July–September 2026
Simple Energy ended September with the largest clean fresh-primary round in CIOL’s current July–September funding sample.
The Bengaluru electric two-wheeler maker raised ₹1,750 crore, or about $180 million, in an all-equity Series C round on September 30.
It was a substantial cheque.
Three months earlier, however, even $180 million would not have been enough to define the quarter.
CIOL’s April–June Startup Funding Tracker identified about $2.23 billion-equivalent of fresh primary capital across 61 material rounds. Five transactions alone accounted for 58.2% of that money.
July–September looks different.
After going back through CIOL’s own funding coverage, widening the search to publicly reported transactions and rechecking mixed financing structures, CIOL’s revised working cut identifies about $1.93 billion-equivalent in fresh primary capital across 77 material rounds.
That is about 13% less capital than AMJ.
But it came through 16 more qualifying rounds.
The median cheque increased from $10.8 million to around $14 million.
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