$15.6B YTD Funding Dip: Why India’s Startups Are Down 22% But Unicorns Up 5 in 2025
India’s startup ecosystem, the world’s third-largest, is navigating a tale of two realities in 2025. Total funding has plunged to $15.6 billion year-to-date—a stark 22% drop from $20.1 billion in the same period of 2024—across 1,940 equity rounds, down from 3,150 last year. Deal counts have shrunk, early-stage bets are cautious, and late-stage megadeals are…