Data from market intelligence firm PitchBook, reviewed by ET, shows Indian VCs have raised just $820 million across 32 funds as of mid-June, putting the industry on track for its weakest fundraising since at least 2015. The data only partially captures some multi-regional vehicles such as Peak XV’s recently announced $1.3 billion fund, which spans India Seed, India Venture, and APAC mandates.

PE/VC investments in India plunged 59% in May 2026 to $2.1 billion, marking the lowest level since November 2023.

Data from market intelligence firm PitchBook, reviewed by ET, shows Indian VCs have raised just $820 million across 32 funds as of mid-June, putting the industry on track for its…

Indian VC firms are facing their hardest fundraising year in a decade as LPs tighten filters and demand cash returns. This and more in today's Morning Dispatch.