Q3 funding slows, investor base widens

Q3 2025 saw startup funding decline 38% YoY, totaling $2.1 billion across 240 deals. Mumbai led in funding value, while Bengaluru recorded the highest deal count. Notably, unique investor participation rose 7% YoY, reflecting broader interest despite the slowdown. Does this indicate a shift toward selective, high-quality investments? Key hubs remain attractive for startups with strong fundamentals and innovative solutions, highlighting that venture capital continues to target promising companies even in a cautious market environment.