India, Dec. 28 -- Initial public offerings (IPOs) were a defining theme for the Indian startup ecosystem in 2025, with 18 startups making their public market debuts. While these 18 startups raised about INR 20K Cr through fresh issue of shares, their investors like Peak XV, Tiger Global, Y Combinator, among others, minted hefty returns on their bets on startups like Groww, Meesho and Lenskart.

Amid all these, the private fund infusion in the Indian startup ecosystem stabilised in 2025. 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 viewe...