India may be in the middle of a funding slowdown, but its startup ecosystem hasn’t lost steam globally. In the first half of 2025, India ranked as the third-most funded tech market in the world, just behind the United States and the United Kingdom, according to a new report by market intelligence firm Tracxn.
Indian tech startups raised $4.8 billion between January and June this year — a 25% drop compared to the same period in 2024, and down 19% from the second half of last year. Still, India held its ground ahead of countries like Germany and…