Tue Mar 04 09:46:06 UTC 2025: ## Indian Startups See Funding Surge in February 2025
**New Delhi, March 4, 2025** – Indian startups experienced a significant funding boost in February 2025, raising a total of $1.65 billion (approximately ₹14,418 crore), according to data from Tracxn. This represents a 19.5% increase compared to January 2025’s figures, though it’s slightly lower than the $2.06 billion raised in February 2024. The strong February performance contributed to a total funding of $25.4 billion across 2,200 funding rounds in fiscal year 2025 (April-February).
Bengaluru led the way with $353 million in funding, while Mumbai secured $102 million, albeit with a higher median round size of $5 million compared to Bengaluru’s $2 million. Fintech firm Oxyzo topped the list with ₹100 crore in debt funding, followed by online B2B platform Udaan’s $75 million Series G equity round. Other notable fundraisers included SpotDraft, Cashfree Payments, Zeta, and Geniemode. The median round size for February 2025 was $1.92 million.
February also witnessed significant acquisitions. Head Digital Works acquired Deltatech Gaming (parent company of Adda52) for ₹491 crore, Perfios acquired Clari5, and MO Alts acquired a majority stake in Megafine Pharma for ₹460 crore. The month saw 16 IPOs listed, with a median market capitalization of $26.5 million, including notable companies like Hexaware, AJAX, Ken India, Dr. Agarwal’s Eye Hospital, and Royal Arc.
Leading investors included Ritesh Agarwal, Anupam Mittal, Aman Gupta, and Peyush Bansal, along with venture capital firms like Blume Ventures, Eximius Ventures, Unicorn India Ventures, Peak XV, Accel, and Nexus Venture Partners. While February showed positive growth, overall funding for 2024 saw a slight decline of 6.5% to $30.4 billion compared to 2023.
First Piper 