India, Dec. 29 -- After two years of correction and recalibration, 2025 marked a year of stabilisation for India's startup funding ecosystem. According to Inc42's "Annual Indian Startup Trends Report, 2025", Indian startups raised about $11 Bn across 936+ deals, led by startups based in Bengaluru.

Though overall funding was down 8% YoY from 2024, it was higher than the $10 Bn raised in 2023, highlighting that private capital flows have settled into a new, more disciplined normal.

Even as overall funding stayed muted compared to the 2021-22 peak, capital increasingly concentrated around clearer revenue models, late stage resilience and selective growth stage bets, alongside a parallel IPO boom that saw 18 startups tap public markets duri...