Business Strategic Growth India’s private-capital infrastructure has expanded materially, but available capital does not remove the need for a credible investment case. SEBI’s reported AIF data at 31 March 2026 show cumulative commitments of ₹16,94,262 crore, funds raised of ₹7,02,723 crore and investments made of ₹6,76,365 crore. These figures cover the AIF industry and should not be interpreted as capital available to every startup. They show the scale of the regulated...