According to Trackson's latest India Tech Semi-Annual Funding Report, released on June 27, India has emerged as the third-largest recipient of global tech startup funding in the first half of 2025. It now surpasses Germany and Israel, trailing only behind the United States and the United Kingdom.
Despite a broader investment downturn, Indian startups raised $4.8 billion between January and June 2025. This represents a 25% decline from $6.4 billion during the same period in 2024, and a 19% drop from the second half of 2024 when the total raised was $5.9 billion.
The number of unicorns created has also decreased, with only two new unicorns emerging in H1 2025, down from three during the same period last year.
Neha Singh, co-founder of Trackson, noted that while funding levels have decreased, India's tech ecosystem is maturing. She stated, "Investors have strong confidence in sectors addressing deep structural challenges like transportation, retail, and enterprise technology." She added that quality IPOs and notable acquisitions indicate long-term value creation in India's startup landscape.
Funding across all stages has seen a decline. Seed-stage funding dropped to $452 million, which is 23% lower than H2 2024 and 44% lower than H1 2024. Early-stage funding reduced to $1.6 billion, a 6% drop compared to the previous half and a 16% year-on-year decline. Late-stage deals amounted to $2.7 billion, reflecting a 25% drop from H2 2024 and a 27% year-on-year decline.