Indian startups raise $1.65 billion in February 2025, down 20% YoY

Indian startups raised an aggregate of $1.65 billion in funding in February 2025, rising 19.5% from $1.38 billion in January 2025, according to data from Traxcn. However, on a year-on-year basis, it slumped 19.9% from $2.06 billion in February 2024.

In February 2025, the median valuation stood at $83.2 billion, Traxcn data showed.

The total funding for the 2024-25 financial year drove up to $25.4 billion, spread across 2,200 rounds, the data read.

Bengaluru entrepreneurs secure the highest funding in Feb 2025

Entrepreneurs from India’s startup capital, Bengaluru raised the highest funding at $353 million, with a median round size of $2 million in February 2025

Those in Mumbai grabbed total funding of $102 million but with a higher median round size of $5 million, the data showed.

Oxyzon leads the pack by raising $1 billion in funds

Fintech firm Oxyzo led the February funding pack, having raised $1 billion in conventional debt. It was followed by the online B2B platform udaan, which closed a Series G equity funding round of $75 million, led by M&G Plc.

Other major fundraisers included the ones done by SpotDraft, Cashfree Payments, Zeta, and Geniemode, among others.

The median round size in February 2025 was $1.92 million, according to Traxcn.

The second month of 2025 saw some notable business acquisitions.

Head Digital Works acquired Adda52 parent Deltatech Gaming for ₹491 crore.

Bengaluru-based SaaS (software-as-a-service) firm Perfios acquired fraud detection platform Clari5, while Motilal Oswal Alternate Investment Advisors (MO Alts) acquired a majority stake in Megafine Pharma for ₹460 crore.

As per Traxcn data, a total of 16 IPOs were listed during the month under review, with a $26.5 million median IPO market capitalisation. Some notable listings included Hexaware, AJAX, Ken India, Dr. Agarwal's Eye Hospital, and Royal Arc.

Sharks Ritesh Agarwal, Anupam Mittal, Aman Gupta, and Peyush Bansal led the investor chart. Among VC firms -- Blume Ventures, Eximius Ventures, Unicorn India Ventures, Peak XV, Accel, and Nexus Venture Partners led the fundraises.

Indian startups raised a total of $30.4 billion in funding throughout 2024, a 6.5% decline from the $32.5 billion secured in 2023.