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

by · Inc42

SUMMARY

  • As per Inc42’s ‘Indian Tech Startup Funding Report H1 2026’, the number of mega deals declined 55% from 11 recorded in H1 2025
  • Alkemi Growth Capital’s partner Mansi Aggarwal outlined how investor sentiment has shifted from a growth-first mindset to a more disciplined approach, with revenue quality, visibility into profitability, and governance being a priority
  • Meanwhile, Celesta Capital managing partner Sudhir Rao attributed the mega deal slowdown to the natural evolution of the funding cycle