Tech startups raise $2.5 bn, India ranks 3rd among top-funded geographies

India’s tech startups raised $2.5 billion in the first quarter of calendar year 2025 (January 1 to March 20), marking an increase of 8.7 per cent year-on-year and a 13.64 per cent rise from the previous quarter, said a Tracxn report on Monday. With this development, India currently ranks third among the highest-funded geographies globally, after the United States and United Kingdom.

 

According to the Tracxn Geo Quarterly India Tech Report, out of the $2.5 billion, three startups — Erisha E Mobility, Darwinbox, and Infra.Market — received funding of over $100 million each, as compared to three such rounds in the last quarter of calendar year 2024 (Q4 2024).

 

 

 

TECH SNAPSHOT

 

	Q1 2025	Q1 2024
Total Funding	$2.5 Bn	$2.3 Bn
Funding Rounds	237	580
Series A+ Rounds	78	184
First-time Funded Cos	68	153
New Unicorns	0	2
IPOs	6	9
Acquisitions	38	27

 

 

TOP 3 FUNDED CITIES 

 

City	Funding
Delhi	$1 Bn
Bengaluru	$541 Mn
Gurugram	$193 Mn

 

 

TOP 5 FUNDING ROUNDS

 

Company	Funding Details
Erisha E Mobility	$1 Bn (Series D)
Darwinbox	$140 Mn (Series D)
Infra.Market	$121 Mn (Series F)
Udaan	$75 Mn (Series G)
InsuranceDekho	$70 Mn (Series C)

 

 

TOP 3 FUNDED SECTORS

 

Sector	Funding Details
Electric Vehicles	$1.1 Bn
B2B E-commerce	$291 Mn
HRTech	$173 Mn

 

 

TOP 3 INVESTORS BY EXITS

 

Investor	Exit Count
Peak XV Partners	3
Exfinity Venture Partners	3
All Rounder Marketing	2

 

 

EXIT TRENDS

 

Period	Acquisitions	IPO
Q1 2024	27	9
Q2 2024	27	11
Q3 2024	40	12
Q4 2024	33	7
Q1 2025	38	6