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

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

India's tech startup boom: Are policy tweaks needed to drive growth?
Illustration: Ajaya Mohanty
Udisha Srivastav Delhi
2 min read Last Updated : Mar 24 2025 | 5:36 PM IST
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

 
   

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Topics :tech start-upsStartup funding

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