Indian tech companies received a total of $1.65 billion in funding in February, with a median valuation of $83.2 million.

In February 2025, Indian startups were on a roll as they raised a whopping USD 1.65 billion in funding, according to data from Tracxn. This brings the total amount raised for the fiscal year to USD 25.4 billion, spread across 2,200 rounds. This is a significant increase from the previous month's total funding of USD 1.38 billion.

However, when compared to the same period last year, there was a slight decline in the amount of fundraise. In February 2024, Indian startups had secured a total of USD 2.06 billion. Nonetheless, the entrepreneurial spirit in Bengaluru, India's startup capital, remained strong as they managed to secure a funding worth USD 353 million, with a median round size of USD 2 million. Meanwhile, their counterparts in Mumbai raised a total of USD 102 million, with a higher median round size of USD 5 million.

The top spot for February's funding was taken by fintech firm Oxyzo, which raised Rs 100 crore in conventional debt. Following closely behind was online B2B platform udaan, which closed a Series G equity funding round of USD 75 million, led by M&G Plc. Other notable fundraises included those of SpotDraft, Cashfree Payments, Zeta, and Geniemode.

Tracxn data also revealed that the median round size in February 2025 was USD 1.92 million, showing a healthy growth in the size of funding rounds. In addition to the funding news, the second month of 2025 also witnessed some major business acquisitions. Head Digital Works acquired Adda52 parent Deltatech Gaming for a whopping Rs 491 crore. Perfios, a Bengaluru-based SaaS firm, also made a significant move by acquiring fraud detection platform Clari5. In another major deal, Motilal Oswal Alternate Investment Advisors acquired a majority stake in Megafine Pharma for Rs 460 crore.

The month also saw 16 IPOs being listed, with a median IPO market capitalisation of USD 26.5 million. Some notable listings included Hexaware, AJAX, Ken India, Dr. Agarwal's Eye Hospital, and Royal Arc. On the investor front, Sharks Ritesh Agarwal, Anupam Mittal, Aman Gupta, and Peyush Bansal took the lead. In terms of VC firms, Blume Ventures, Eximius Ventures, Unicorn India Ventures, Peak XV, Accel, and Nexus Venture Partners were the top players in the fundraising game.

As we look back at 2024, it was a good year for Indian startups as they raised a total of USD 30.4 billion in funding. Although this was a 6.5 per cent decline from the previous year's total of USD 32.5 billion, it still shows the resilience and potential of the Indian startup ecosystem. With the right support and funding, these startups are set to make a significant impact in the global market.

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