Indian Deeptech Funding Jumps 2.8X YoY In Q3 Despite Fewer Deals

Indian deeptech startups raised $290 Mn across 28 deals in Q3 2026, up 176% from $105 Mn across 29 deals a year earlier. Spacetech accounted for about 45% of the total, led by Pixxel's $100 Mn round.

• Deeptech funding rose 176% YoY even as deal count slipped from 29 to 28
• Spacetech startups raised $130 Mn, roughly 45% of the quarter's total
• Pixxel's $100 Mn round made up over three-fourths of spacetech funding
• Growth is tied to the government's ₹1 Lakh Cr RDI Fund and new specialist funds