India’s venture capital (VC) activity strengthened in 2025, recording growth in both deal volume and value compared to the previous year. The total number of VC deals announced in India increased by around 11% year-on-year (YoY) in 2025, while the corresponding funding value also increased by around 10%, according to GlobalData, a leading intelligence and productivity platform.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “India is consolidating its position as an active VC destination, supported by continued digitization, expanding domestic consumption, and sustained investor interest in scalable, unit-economics-driven business models.”
Moreover, India’s growth in deal volume is in contrast with around 3% decline in global deal volume over the same period. This relative outperformance helped India increase its share of global VC deal volume to around 8.1% in 2025, up from about 7.1% in the previous year.
However, India’s share of global VC funding value edged down to around 3.5% in 2025 from about 4.2% in 2024, as global VC deal value increased much faster by about 31%, driven largely by a sharp acceleration in the US market.
Bose adds: “India continued to generate consistent deal flow, indicating strong entrepreneurial throughput and a conducive ecosystem, but it did not capture the same level of mega-round concentration observed in markets such as the US.”
An analysis of GlobalData’s Financial Deals Database revealed that the US witnessed announcement of around 20 billion-dollar deals* that also included two mega deals valued more than $10 billion during 2025. Meanwhile, India did not see announcement of any billion-dollar deal.
Bose concludes: “The value trend highlights how concentrated big-ticket investments has become in a few markets. Looking ahead, India’s VC trajectory will likely depend on the pace of domestic demand growth and the availability of late-stage capital. If risk appetite of late-stage high-value investments improves, India could translate its strong deal flow into a larger share of global value as well.”
