India Startup Funding Hits 2025 High at $1.6 Billion in October
A few mega-deals drove a $1.6 billion month, reflecting late-stage concentration.
Overview
- VC inflows reached $1.6 billion across 99 deals, the year's highest monthly total, up 36% from September and 76% year on year.
- Weekly momentum stayed firm above $250 million throughout October, with the final week recording $287 million over 25 deals.
- Large transactions set the pace, including Dhan at $120 million, Zepto at $450 million, Uniphore at $260 million, and Snapmint at $125 million.
- Late-stage activity was heavily concentrated, delivering $751 million from just five deals.
- Funding shifted geographically as Mumbai led with $958 million and Bengaluru fell to fifth, while secondary activity included PhonePe’s $600 million ESOP-focused deal with General Atlantic.