
Indian tech startups raised $9.1 billion in 2025, a 23% year-on-year increase, with funding becoming more selective and milestone-driven, according to a Nasscom and Zinnov report. The ecosystem is shifting from volume-driven growth to execution-led maturity, focusing on scalable, commercialization-ready ventures. DeepTech startups, particularly in AI, accounted for significant growth, raising $2.3 billion, with AI representing 84% of startups and 91% of funding. Early-stage deal activity remained strong, and corporate acquisitions nearly doubled, emphasizing capability-led innovation.
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