India, Dec. 29 -- Inc42's Startup Trends Report Is Her

Initial public offerings (IPOs) were a defining theme for the Indian startup ecosystem in 2025, with 18 startups making their public market debuts. Amid this run, private venture capital and angel investor funding in the Indian startup ecosystem remained more or less stable in 2025.

What The Data Shows: According to Inc42's "Annual Indian Startup Trends Report, 2025", Indian startups cumulatively raised $11 Bn across 936+ deals during the year.

While this figure represents an 8% decline from the $12 Bn raised across 993 deals in 2024, it needs to be viewed alongside the IPO spring. For context, Indian startup funding stood at $10 Bn in 2023 amid the funding winter.

Investors Turn ...