India Startups Raise $10.5B in 2025 as Investors Turn Selective

[AIcash]

India’s startup ecosystem raised $10.5 billion in 2025, but investors wrote far fewer checks, signaling a shift toward caution rather than retreat.

According to Tracxn, funding rounds fell 39% year-over-year to 1,518 deals, even as total capital declined a more modest 17%. Seed-stage funding dropped sharply, while late-stage rounds cooled amid stricter scrutiny of profitability and exits.

Early-stage startups stood out as the exception, raising $3.9 billion, up 7% from last year — a sign investors are backing stronger fundamentals over hype.

[madmax]

and all of them are call centers