India, Jan. 1 -- With a record number of startup IPOs, consistent private capital flow and new avenues for tech innovation emerging in India, 2025 was a defining year for the world's third-largest startup ecosystem.

The funding landscape remained resilient, with Indian startups raising more than $11 Bn in fresh capital and maintaining the recovery momentum seen in 2024. While investors remained discerning, dry powder flowed into promising ventures across sectors ranging from AI and deeptech to consumer tech and enterprise platforms.

But what drove the ecosystem forward was the surge in startup IPOs. Marquee names like Groww, Meesho, Lenskart, Pine Labs and Ather Energy debuted on domestic exchanges, unlocking liquidity for founders and ...