2025年上半年印度科技初创企业融资报告

Table OfContentsIndia’s Digital EconomyIndian Startup Funding In H1 2025:Key HighlightsIndia’s Startup EconomyIndian Startup Funding:A SnapshotHalf Yearly Funding TrendsAnalysis [H1 2020 To H1 2025]Debt Vs Equity Funding:An AnalysisTop Funded Startup SectorsTop Funded Startup Hubs Mergers & Acquisitions Analysis & Top DealsInsights From Indian Startup Investor SentimentSurveyIndia's Top Startup Investor RankingStartup Fund Launches: An OverviewIndia’s Unicorn LandscapePerformance Of India’s Listed New TechCompaniesA Look At Upcoming Startup IPOs India’s Internet Boom: 1.2 Bn+ Users By 203058%Internet Penetration(Active Users)7.7K+5G Enabled IndianCities/Towns77%Urban Internet Penetration(Active Users)470 Mn+Number Of MaleInternet Users$0.16Cost Of 1 GBInternet416 Mn+Number Of FemaleInternet UsersSmartphoneUsersInternetUsersUrban InternetUsers20241 Bn+886 Mn+397 Mn+488 Mn+Rural InternetUsers20301.5 Bn+1.2 Bn+546 Mn+708 Mn+AbsoluteGrowth (%)Source: KANTAR, IAMAI, Inc42 AnalysisNote: The numbers for 2030 are estimated The State Of Indian Startup EconomyStartup Ecosystem Globally, Measured By The Number Of Startups & UnicornsTotal Number Of Tech Startups LaunchedTotal Funding Raised By Indian Startups Since 2014Total Number Of UnicornsCombined Valuation Of Indian StartupsTotal Number Of SoonicornsTotal Number Of Direct Jobs CreatedTotal Number Of Active InvestorsTotal Number Of Listed New Age Tech CompaniesThird-Largest70K+$164 Bn+124$650 Bn+1211.6 Mn+9.5K+42Source: Inc42 Indian Startup Funding In H1 2025: Key InsightsSource: Inc42Note: H1 2025 funding data is for the period between January 1 and June 26$5.7 Bn+8%Total Funding RaisedYear-On-Year Surge InFunding Amount$3 MnMedian Ticket Size OfFunding450+Total Number OfStartups Funded$406 Mn+Total Funding Raised AtSeed StageTotal Funding Raised AtGrowth Stage$2 Bn+$3 Bn+Total Funding RaisedAt Late Stage1.1K+Investors ParticipatedIn FundingBengaluruTop FundedStartup Hubs5Startups EnteredUnicorn Club Indian Startups Cross $164 Bn+ In Total FundingSource: Inc42Note: H1 2025 data is for the period between January 1 and June 26Funding Amount ($ Bn)05010015020020142015201620172018201920202021202220232024H1 2025Funding Amount ($ Bn)Deal Count Indian Startups Raised $5.7 Bn In First Half Of 2025Source: Inc42Note: H1 2025 data is for the period between January 1 and June 26As per Inc42 forecasts, 2025 startup funding is projected to hit $14 Bn – $15 BnFunding Amount ($ Bn)01020304050050010001500200020142015201620172018201920202021202220232024H1 2025Funding Amount ($ Bn)Deal Count India's Startup Ecosystem Shows Upward Mobility,Underlining Resilient Growth FundamentalsSource: Inc42Note: *The H1 2024 figures cover the period from 2014 to H1 2024, while the H1 2025 data spans from 2014 to H1 2025UnicornsSoonicornsLate StageGrowth StageSeed StageH1 2024H1 2025124121548+1.8K+4.6K+115116460+1.6K+4.2K+ Debt Vs Equity: A Closer Look At Startup Capital MixIn H1 2025Source: Inc42Note: H1 2025 data is for the period between January 1 and June 26Debt Funding7.6%Equity Funding92.4%5,290435Debt Funding10.9%Equity Funding89.1%4,694576$5.3 Bn+[H1 2024]$5.7 Bn+[H1 2025] Source: Inc42 | 2025 Startup funding forecast has been taken from Inc42’s Annual funding report 2024Note: H1 2025 data is for the period between January 1 and June 26The 2025 funding projections are calculated through time series analysis combining Prophet forecasting modelsand SARIMA methodologies applied at quarterly intervalsIndian startups bagged $5.7 Bn in H1 2025 — almostspot on with Inc42’s earlier forecast of $5.8 BnFunding Amount ($ Bn)01020304002505007501000Funding Amount ($ Bn)Deal CountH1-2020H2-2020 H1-2021 H2-2021 H1-2022 H2-2022 H1-2023 H2-2023 H1-2024 H2-2024 H1-20252025 Startup Funding ForecastBusiness As UsualOptimisticQuarterFunding AmountDeal CountFunding AmountDeal CountQ1-2025Q2-2025Q3-2025Q4-2025$2.5 Bn$3.3 Bn$3.8 Bn$4.2 Bn244292314336$2.8 Bn$3.5 Bn$4.1 Bn$4.7 Bn271304337370Total$14 Bn1,186$15 Bn1,282 Indian Startup Ecosystem On Track To Amass Up To$14 Bn By The End Of 2025Source: Inc42Note: The 2025 funding projections are calculated through time series analysiscombining Prophet forecasting models and SARIMA methodologies applied at quarterly intervalsInc42’s 2024 report projected $5.8 Bn in H1 2025 funding under normal conditions. With actualsat $5.7 Bn — just 1.8% off — full-year funding is now projected to reach $14 Bn – $15 BnQ1-2025Q2-2025H1-2025 (Estimates)Variance (%)H1-2025 (Actual)Q3-2025Q4-2025H2-2025 (Estimates)Total [2025]Quarter$2.5 Bn$3.3 Bn$5.8 Bn+1.8%$5.7 Bn$3.8 Bn$4.2 Bn$8 Bn$14 BnFunding Amount(Business As Usual Forecast)Funding Amount(Optimistic Forecast)$2.8 Bn$3.5 Bn$6.3 Bn+11%$5.7 Bn$4.1 Bn$4.7 Bn$8.8 Bn$15 Bn Source: Inc42Note: H1 2025 data is for the period between January 1 and June 26Top Indian Startup Funding Deals [H1 2025]Health TechFintechEcommerceFintechLogisticsEnterprise TechEcommerceReal Estate TechEcommerceEdtech/FintechAdvanced Hardware& TechnologySect