India sector health reports.
Monthly sector intelligence across India’s markets — key themes, activity levels, and sentiment by sector. India-specific. MRE-backed. No fluff.
D2C fundability hits 2026 high of FCI 57 as monsoon-prep brands and ONDC-native plays lead May dealflow.
Indian D2C startups averaged FCI 57 in May 2026 — the highest monthly score this year. Monsoon-category brands (rainwear, home care, waterproofing) an…
Edtech hits 2026 high of FCI 55 in May as B2G skilling contracts and global workforce platforms emerge.
Indian edtech startups averaged FCI 55 in May 2026 — the highest monthly score in the sector this year. B2G skilling contracts under Skill India and P…
Logistics reaches the 2026 high of FCI 62 in May as multimodal freight platforms and AI-powered demand forecasting drive top scores.
Indian logistics startups averaged FCI 62 in May 2026 — the sector's best monthly performance of the year. Multimodal freight platforms integrating ra…
Agentic AI in financial compliance and embedded credit for gig workers emerge as the two highest-scoring fintech bets of May 2026
Indian fintech averaged FCI 63 in May 2026 on AletheiaAI, sustained above the 60 threshold for the third consecutive month. Agentic AI for financial c…
Preventive health platforms for India's growing middle class and AI-powered surgical planning tools reach the highest healthtech FCI scores of 2026 in May
Indian healthtech averaged FCI 61 in May 2026 — the sector's highest monthly score on AletheiaAI. Preventive health platforms with insurance integrati…
AI-native ERP for India's manufacturing sector and cybersecurity SaaS for mid-market enterprises emerge as the two highest-conviction B2B SaaS bets of May 2026
B2B SaaS averaged FCI 66 on AletheiaAI in May 2026 — the category's highest cumulative monthly score in 2026. AI-native ERP for manufacturing, cyberse…
Embedded finance and lending-as-a-service dominate early-stage fintech dealflow in April 2026
Indian fintech startups reviewed on AletheiaAI in April 2026 averaged a fundability score of 61, with embedded finance, account aggregator plays, and …
Diagnostic infrastructure and AI-assisted clinical decision support lead India's healthtech fundability in April 2026
Indian healthtech startups averaged an FCI of 59 in April 2026. Diagnostic infrastructure plays targeting Tier 2 and Tier 3 cities, AI-assisted radiol…
Vertical SaaS with embedded fintech and AI-native architecture commands a premium from Indian angel investors in April 2026
B2B SaaS was the second-highest scoring sector on AletheiaAI in April 2026 with an average FCI of 64. Vertical SaaS targeting underserved MSME segment…
D2C scores recover to FCI 56 in April as summer-category brands show strong pre-season inventory turns.
Indian D2C startups averaged FCI 56 in April 2026, recovering from the March dip. Summer-category brands — beverages, skincare SPF, cooling products —…
Edtech FCI reaches 54 in April as professional certification and BFSI compliance training drive the best monthly score of 2026.
Indian edtech startups averaged FCI 54 in April 2026 — the highest monthly score this year. Professional certification platforms (CFA, CA, FRM prep) a…
Logistics FCI reaches 61 in April as pharma cold-chain and semiconductor supply-chain platforms emerge as high-conviction bets.
Indian logistics startups averaged FCI 61 in April 2026. Pharma cold-chain networks aligned with India's PLI scheme for pharmaceuticals and semiconduc…
D2C scores dip to FCI 53 in March as Holi inventory stress and IPL ad-spend inflation squeeze margins.
AletheiaAI reviewed 31 D2C decks in March 2026. Average FCI slipped to 53 as IPL season ad-cost inflation exposed the CAC fragility of brands reliant …
Edtech recovers to FCI 53 in March as NEP 2020 curriculum plays and outcomes-linked models gain traction.
Indian edtech startups averaged FCI 53 in March 2026, recovering from February's dip. NEP 2020 curriculum-aligned platforms and income-share agreement…
Logistics hits FCI 60 in March as cross-border export platforms and FTA-optimised routing attract angel conviction.
Indian logistics startups averaged FCI 60 in March 2026. Cross-border export logistics platforms leveraging India's Free Trade Agreements (India-UAE C…
ONDC financial services layer creates a new category of fintech infrastructure plays scoring above FCI 70 in March 2026
Indian fintech averaged FCI 62 on AletheiaAI in March 2026 — the highest single-month score in the trailing six months. ONDC-native financial services…
AI-powered clinical decision support and lab-as-a-service for hospitals drive healthtech to its strongest quarter on AletheiaAI in March 2026
Indian healthtech startups averaged FCI 59 in March 2026 on AletheiaAI. AI-powered clinical decision support, diagnostic lab-as-a-service for hospital…
Agentic AI workflows for enterprise automation and B2B SaaS with embedded payments reach FCI 74 in India's strongest SaaS month of 2026
B2B SaaS averaged FCI 65 in March 2026 — the category's highest monthly score on AletheiaAI. Agentic AI for enterprise workflow automation, SaaS with …
Valentine's and gifting cohort data boosts beauty-tech and gourmet food D2C scores in February 2026.
D2C startups reviewed on AletheiaAI in February 2026 averaged FCI 55. Gifting-category brands with strong Valentine's sell-through data and verified O…
Edtech FCI dips to 51 in February as AI tutoring hype outpaces outcome evidence in reviewed decks.
AletheiaAI reviewed 19 edtech decks in February 2026 with average FCI 51. AI-powered tutoring decks flooded the cohort but most lacked outcome data. S…
Logistics FCI rises to 59 in February as EV fleet platforms and ONDC logistics integration score above FCI 68.
Indian logistics and supply chain startups averaged FCI 59 in February 2026. EV-first fleet management platforms and ONDC-integrated logistics aggrega…
Wealth management SaaS and insurance-tech infrastructure see rising angel conviction as India's investable household count crosses 50 million in February 2026
Fintech startups averaged FCI 60 on AletheiaAI in February 2026. Wealth management infrastructure, direct mutual fund distribution platforms, and embe…
Mental health B2B and chronic disease management platforms gain ground as India's corporate wellness spend rises 35% year-on-year in February 2026
Healthtech averaged FCI 58 on AletheiaAI in February 2026. Mental health platforms targeting enterprises, chronic disease management with insurance in…
AI-native vertical SaaS for India's GCC ecosystem and supply chain intelligence platforms drive B2B SaaS to a second consecutive month above FCI 60 in February 2026
B2B SaaS averaged FCI 63 in February 2026 on AletheiaAI. AI-native products for India's Global Capability Centre (GCC) ecosystem, supply chain intelli…
Quick-commerce-native D2C brands and beauty-tech dominate January 2026 dealflow as post-Diwali inventory clears.
Indian D2C startups reviewed on AletheiaAI in January 2026 averaged an FCI of 54. Beauty, personal care, and food-and-beverage brands with proven Blin…
Skilling and upskilling platforms score above FCI 60 in January 2026 as exam-prep and tutoring decks stall.
Indian edtech startups averaged FCI 52 in January 2026. Vocational skilling platforms aligned with NSDC and PM Kaushal Vikas Yojana scored highest. Co…
Logistics & Supply Chain leads all sectors with FCI 58 in January 2026 as cold-chain and B2B freight platforms dominate dealflow.
Indian logistics startups averaged FCI 58 in January 2026 — the highest of the three sectors tracked this month. B2B freight aggregation, cold-chain i…
Co-lending and MSME credit infrastructure lead Indian fintech fundability as post-budget sentiment turns positive in January 2026
Indian fintech startups reviewed on AletheiaAI in January 2026 averaged an FCI of 59. Co-lending platforms, MSME credit infrastructure, and regtech co…
Hospital SaaS and AI-assisted diagnostics lead India's healthtech fundability as ABDM adoption crosses 500 million health IDs in January 2026
Indian healthtech startups averaged FCI 57 on AletheiaAI in January 2026. Hospital SaaS, ABDM-native health data platforms, and AI-assisted radiology …
DevTools and API infrastructure from India command global enterprise prices as angel investors open 2026 with the highest SaaS INVEST rate in two years
B2B SaaS startups averaged FCI 62 on AletheiaAI in January 2026. DevTools, API infrastructure, and compliance automation SaaS led the cohort. Horizont…