India has climbed to the third spot globally in tech startup funding, according to Tracxn’s India Tech Funding 9M 2025 report. Startups raised a total of USD 7.7 billion in the first nine months of the year, ahead of Germany and France, and only behind the US and the UK.
The funding, however, reflected a 23 per cent decline from USD 10.1 billion in 9M 2024 and a 6 per cent drop from USD 8.3 billion in 9M 2023. Despite the fall, the ecosystem saw 10 mega rounds exceeding USD 100 million, including Erisha E Mobility (USD 1 billion), GreenLine (USD 275 million), and Infra.Market (USD 222 million). The median round size doubled to USD 1.5 million compared to USD 683,000 last year.
By stage, seed funding stood at USD 727 million, early-stage at USD 2.7 billion, and late-stage at USD 4.3 billion, all reflecting declines versus last year. Enterprise Applications (USD 2.3 billion), Retail (USD 2.0 billion), and Transportation & Logistics Tech (USD 1.79 billion) emerged as the top-funded sectors.
The ecosystem’s maturity was evident in 110 acquisitions (up 15 per cent from 2024), 26 IPOs, and 4 unicorns. The largest acquisition was Resulticks’ USD 2 billion purchaseout by Diginex. Bengaluru continued to dominate, accounting for 31 per cent of total funding and leading in acquisitions with 35 deals.
Commenting on the findings, Neha Singh, Co-Founder of Tracxn, declared India’s rise to the third spot reflects the resilience and adaptability of its startups. “Balanced exits through acquisitions and IPOs, coupled with sector strength in enterprise, retail, and logistics, reinforce India’s standing as a globally competitive technology hub,” she added.
With 122 unicorns to date, of which 22 have already exited, India continues to strengthen its credentials as a quick-evolving innovation ecosystem.
