India, April 2 -- At a time when the Indian startup ecosystem is filled to the brim with the fervour to give investors exits via the public listing route, investors seem to be treading cautiously - at least what Inc42's latest shows.

As per Inc42's "Indian Tech Startup Funding Report, Q1 2025", even though Indian startups have managed to see a 41% year-on-year (YoY) uptick in funding in the first quarter (Q1) of 2025 (January to March), the metric has largely remained unchanged in comparison to Q2, Q3 and Q4 of 2024.

Indian startups raised $3.1 Bn across 232 deals between January 1 and March 26 versus $2.2 Bn raised in 226 deals in the same quarter last year.

However, in the next three quarters of 2024, the funding amount remained flat...