Indian startups secured $225 million in funding across 19 rounds during the second week of June 2026, reflecting a 22% increase compared to the same period last year. Green hydrogen firm Hygenco Green Energies led the surge with a $105 million round, marking a new milestone in India's clean energy financing landscape.
- Startups raised $225 million across 19 funding rounds in early June.
- Hygenco Green Energies secured $105 million for green hydrogen projects.
- Physical security and housing tech startups attracted sizable investments.
What happened
The second week of June saw Indian startups raise a total of $225 million through 19 distinct funding rounds. This amount represents a 22% increase compared to the same period last year and is 39% higher than the prior week. Among the most prominent deals was Gurugram-based Hygenco Green Energies, which closed $105 million in equity funding.
Hygenco’s investment round was led by major global institutions including the International Finance Corporation (IFC), Siemens Financial Services, and Fullerton Carbon Action Fund. This marks the first direct investment in India's green hydrogen sector by these entities. Alongside Hygenco, other important deals included a $35 million round for San Francisco-based security startup Coram AI and Rs 225 crore funding for Bengaluru’s Mygate platform.
Why it matters
The significant capital infusion into Hygenco Green Energies signals strong institutional confidence in India’s green hydrogen potential, aligning with the country’s broader sustainability and clean energy goals. The participation of IFC, Siemens, and Fullerton Carbon Action Fund underscores the increasing global interest in supporting renewable energy ventures within the Indian market.
Furthermore, the funding activity highlights accelerating growth in other sectors like physical security and housing technology. Coram AI’s rapid revenue and customer base expansion, coupled with Mygate’s evolution from visitor management to gated community solutions, points to vibrant innovation and scaling opportunities in Indian tech startups beyond energy.
What to watch next
Market observers will be keen to track how Hygenco deploys its newly raised capital towards advancing green hydrogen infrastructure across India and whether this spurs further investments from international financiers. The success of Hygenco could help catalyze additional sustainable energy projects in the region.
Additionally, the progress of startups like Coram AI and Mygate will be closely monitored to see how they leverage funding to consolidate their market positions and expand into new verticals or geographies. Renewed investor interest in sectors outside the traditional tech hubs may also shift the dynamics of India’s startup ecosystem in 2026.