Indian Tech Startups Raise Over ₹94,000 Crore in 2025 Amid Selective Investor Caution

The funding trends of 2025 showed a distinct divergence by funding stage.

Early-stage startups were a bright spot, with investments rising to $3.9 billion—up 7% year-over-year and 11% higher than in 2023—signalling sustained investor confidence in promising young ventures.

Conversely, seed-stage funding declined sharply by about 30%, while late-stage rounds suffered a significant drop of 26%, underscoring a shift toward more disciplined and selective capital deployment.

Major funding rounds in 2025 were fewer in number but substantial in scale. The ecosystem recorded 14 rounds exceeding $100 million, led by high-profile deals such as Erisha E Mobility’s $1 billion Series D, quick-commerce platform Zepto’s $300 million Series H, and GreenLine’s $275 million Series A.

Women co-founded startups also made their mark, securing approximately $1 billion in funding, with companies like GIVA and AMNEX raising significant rounds, particularly in retail and enterprise application sectors. Bengaluru, Mumbai, and Delhi continued to lead as the top startup hubs for women-led ventures.