India Deal Review: Q4 2025

India Deal Review: Q4 2025

22 January, 2026

Startup fundraising in India rose 18.5% to $3.65 billion in Q4 2025 from $3.08 billion in Q3, signalling a modest revival in investor sentiment. Deal activity, however, eased to 287 transactions, down 4.3% sequentially, reflecting investors’ preference for fewer, larger bets. On a year-on-year basis, capital inflow declined 12.3% from $4.16 billion in Q4 2024, while deal volume was also down 4.7%. Download the report for exclusive data and insights on:

  • Quarterly deal value and volume 
  • Megadeals since 2023
  • Top industries and verticals
  • Fundraising in 2025
  • Top investors and startup hubs

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