What’s Behind H1 2026’s Mega Deal Slump?

While the overall investment sentiment remained largely stable in the first half of 2026 (H1 2026), investor appetite for late stage startups remained subdued. This was particularly evident in the number of mega funding rounds during the period. Only five startups – CRED, Rapido, Spinny, Sarvam and KreditBee – secured funding rounds exceeding $100 Mn.