India, Jan. 27 -- With the Union Budget 2026 set for February 1, India's venture capital (VC) ecosystem stands at a pivotal juncture. After years of rapid expansion, VC funding momentum moderated in 2025, with Indian tech startups raising $11 Bn during the year and VC investments per capita touching $7.5, according to Inc42's Annual Indian Startup Trends Report.

Overall, with a total of 126 unicorns, 147 soonicorns, 60+ minicorns, 70K+ tech startups launched to date and 57 new-age tech startups listed - India's startup ecosystem is definitely structurally strong. However, there is enough data to showcase that the era of abundant, easy capital is giving way to a more disciplined, performance-driven startup funding environment in India mov...