India’s tech startup funding dipped 17% year-on-year to $10.5 billion in 2025, according to Tracxn's report. The decline reflects a cautious investment climate, following $12.7 billion in 2024 and $11 billion in 2023. Despite this, India remains the third-largest market globally. Early-stage funding increased to $3.9 billion, while late-stage funding fell to $5.5 billion. Neha Singh of Tracxn stated, “sustained momentum in early-stage funding highlights a maturing ecosystem.”