By Afiur
March 13, 2026
Funding for women co-founded India tech startups stabilised at $1B in 2025, a 12% YoY dip from $1.1B in 2024, signalling steady capital levels despite a broader slowdown in deployment.
Funding rounds fell 29% from 574 in 2024 to 405 in 2025, indicating reduced transaction volume as investors prioritized conviction-led investments over widespread capital deployment.
Seed-stage funding declined 24% to $261M across 311 rounds in 2025 from $342M across 456 rounds in 2024, continuing moderation from the ecosystem’s $478M peak recorded in 2022.
Lift Early-stage funding rose 12% year-on-year to $533M in 2025 despite deal count falling from 93 to 79 rounds, reflecting investor preference for startups with proven product-market fit.
Dip Late-stage investments dropped 35% to $213M across 15 rounds in 2025, down from $326M across 25 rounds in 2024, underscoring tighter capital deployment in mature startup segments.
jumped 175% to 33 deals in 2025 from 12 in 2024, signalling stronger exit momentum as consolidation increased across enterprise and technology-led startup segments.
Resulticks’ $2B acquisition by Diginex led disclosed transactions, alongside Ecom Express ($165M) and PeopleStrong ($130M), taking the combined reported deal value to $2.3B.
India recorded two IPOs in 2025—Lenskart and Zappfresh—down from three listings in 2024, reflecting a 33% decline in public market debuts during the year.
Bengaluru led funding with $384M, capturing 38% of the total capital raised, while Mumbai followed with $112M, accounting for 11% of funding in the ecosystem.
Seed funding saw activity from Venture Catalysts, Inflection Point Ventures and Antler, while early-stage rounds were led by Elevation Capital, Vertex Ventures and Peak XV Part.