In the first half of 2025, India secured around US$4.8 billion in tech-startup funding, moving up to become the third-highest funded country globally, overtaking Germany and Israel. Yet the total was down 25% year-on-year and 19% from H2 2024. Seed rounds plunged 44% to US$452 million, early-stage fell 16% to US$1.6 billion and late-stage dropped 27% to US$2.7 billion. The resilient ranking reflects India’s startup ecosystem maturing even as valuations and deal-volumes contract.