Women Co-Founded Startups: India Tech Funding Holds Near USD 1.1 Billion in 2025, Tracxn Says

Investment into women co-founded tech startups in India stayed near USD 1.1 billion in 2025. The funding came across 407 rounds, Tracxn reported. This was 9 per cent lower than USD 1.2 billion in 2024. The report described a market where investors were cautious. Money still went to firms showing clear demand and revenue.

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Deal activity fell more sharply than funding value. The number of rounds dropped 29 per cent to 407 in 2025, from 580 in 2024. At the same time, cheque sizes rose. The median deal value increased to USD 3.8 million in 2025, from USD 2.4 million in 2024. Tracxn linked this to tighter selection.

Women co-founded tech startups in India shift to disciplined capital

Tracxn said India’s women co-founded startup ecosystem moved into a "disciplined capital\" phase. Funding stayed broadly steady, but it flowed into fewer companies. The report said investors focused on businesses with proven traction. It also highlighted interest in scale, capital efficiency, and stronger revenue visibility during this period.

The firm described the current stage as recovery with more measured spending. Tracxn said the period had a steady stream of new entrants. It also pointed to a growing set of well-funded, growth-stage startups. This mix, the report said, set the phase apart from earlier periods of wider and faster deal-making.

Women co-founded tech startups in India see early-stage funding rise

Early-stage funding rose to USD 572 million in 2025 from USD 528 million in 2024. Even so, the number of early-stage rounds fell to 82 from 98. Tracxn also reported softer activity at other stages. Seed-stage funding eased to USD 259 million, while late-stage funding moderated to USD 283 million.

Some large deals stood out during the year. Jewellery brand Giva, co-founded by Nikita Prasad, raised USD 62 million in a series C round in June 2025. In the same month, speciality coffee chain Blue Tokai Coffee Roasters, co-founded by Namrata Asthana, secured USD 25 million, the report said.

Women co-founded tech startups in India draw most funding to Bengaluru

City-wise, Bengaluru led in 2025 with total funding of USD 447 million. Gurugram followed with USD 115 million, and Mumbai came next with USD 112 million. Tracxn’s figures showed capital clustering in key startup hubs. The report linked the trend to investor preference for fewer, stronger companies.

Overall, Tracxn’s data showed stable funding despite fewer rounds in 2025. The report connected the rise in median deal size to investor focus. It said funding continued for women co-founded startups with visible revenues. The year also reflected ongoing growth-stage participation, even as the wider market stayed selective.

With inputs from PTI