The 11th edition of the ET Startup Awards 2025 celebrated India’s startup ecosystem transformation — from early-stage survival to scaling and blockbuster listings. The event honoured several high-growth ventures and recognised ecosystem enablers that have supported the journey. Organisers said the mature awards programme reflects deeper sectoral traction, investor sophistication and increased global engagement by Indian startups. Participants say the next phase will emphasise outcomes such as value creation, profitability and exit pathways rather than just deal counts. Ecosystem watchers note focus shifting to scaling and sustainability.