Indian startups raise $2.9 Bn in Q3 2026 as EV, AI drive funding

Indian startups raised less than $3 billion in funding in Q3 2026, down from $3.5 billion in Q2 and $3.87 billion in Q1. The quarter saw fewer large funding rounds, with Simple Energy leading the pack with a $182 million raise. The round also made Simple Energy the third-largest funded Indian electric two-wheeler OEM. Physical AI startup SiMa.ai, which has deep Indian roots and a major research and development centre in Bengaluru, raised another $150 million. Emergent, River Mobility, Navi…