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Indian startup funding drops 10% to $13 Bn in 2025, but IPO count hits record 18

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Indian startups raised $13 billion in 2025, about 10% lower than the $14.4 billion secured in 2024, with fewer large funding rounds compared to the previous year weighing on overall capital flows. Even so, funding stayed ahead of the $11.3 billion recorded in 2023, one of the toughest phases for the ecosystem. The year delivered stronger outcomes on select metrics, including a rise in startup IPOs and a reduction in layoffs. However, startup shutdowns climbed to a three-year high.

According to data compiled by TheKredible, Indian startups raised a…

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