India’s startup ecosystem witnessed a record surge in exits during Q3 2025, reaching a seven-year high even as overall venture funding cooled. Data from Business Standard shows 48 exits through IPOs, mergers, and secondary transactions, totaling nearly $3.9 billion in realized value. Analysts attribute the increase to improved liquidity preference among investors, regulatory clarity, and valuation normalization. Despite slower new-fund formation, India remains the world’s third-largest startup hub. Industry experts say the trend signals maturing capital markets and investor appetite shifting toward profitable, scalable technology businesses in the mid-growth stage.