Indian startups secured a total of USD 1.65 billion (approximately ₹14,418 crore) in funding during February 2025, with a median valuation of USD 83.2 million, as reported by Tracxn. This brings the cumulative funding for the fiscal year 2025 (April-February) to USD 25.4 billion, distributed across 2,200 funding rounds. The February funding reflects a 19.5% increase from the USD 1.38 billion raised in January 2025. However, it represents a decline from the USD 2.06 billion raised in February 2024.
In Bengaluru, the leading startup hub, entrepreneurs attracted USD 353 million in funding, with a median round size of USD 2 million. Meanwhile, startups in Mumbai raised USD 102 million, but with a higher median round size of USD 5 million. Fintech company Oxyzo topped the funding list for February, raising ₹100 crore through conventional debt, followed by online B2B platform udaan, which secured USD 75 million in a Series G equity funding round led by M&G Plc. Other significant fundraisers included SpotDraft, Cashfree Payments, Zeta, and Geniemode. The median round size for February 2025 was USD 1.92 million.
The month also witnessed notable business acquisitions, including Head Digital Works’ acquisition of Deltatech Gaming, the parent company of Adda52, for ₹491 crore. Additionally, Bengaluru-based SaaS firm Perfios acquired the fraud detection platform Clari5, and Motilal Oswal Alternate Investment Advisors (MO Alts) took a majority stake in Megafine Pharma for ₹460 crore.
According to Tracxn, 16 IPOs were listed during February, with a median IPO market capitalization of USD 26.5 million. Noteworthy listings included Hexaware, AJAX, Ken India, Dr. Agarwal’s Eye Hospital, and Royal Arc. Prominent investors included Ritesh Agarwal, Anupam Mittal, Aman Gupta, and Peyush Bansal, while venture capital firms such as Blume Ventures, Eximius Ventures, Unicorn India Ventures, Peak XV, Accel, and Nexus Venture Partners led the fundraising efforts.
In total, Indian startups raised USD 30.4 billion in funding throughout 2024, marking a 6.5% decrease from the USD 32.5 billion raised in 2023.
