Fintech funding stays at 513 million but deals plunge 54 percent in Q1 2026

Fewer deals, bigger bets as late stage funding rises

India’s fintech sector managed $513 million in Q1 2026, but deal activity collapsed by 54 percent. Funding is shifting to fewer companies receiving larger checks, with Mumbai leading the charge through lending and housing finance. Late-stage investments are growing too, signaling investors are increasingly backing mature platforms with proven traction rather than early bets.