Karnataka Tech Funding Shifts in H1 2025: Early-Stage, Fintech Surge Despite Overall Dip
The first half of 2025 saw a significant shift in funding trends for tech companies in Karnataka. Despite a 30% decline from the previous half-year, a total of $1.7 billion was raised, with notable changes in various sectors. Late-stage funding took a considerable dip, reaching $930 million, a 44% decrease from the second half of 2024 and 56% below the first half of 2024. However, early-stage funding saw a 15% increase, totaling $611 million, although it was still 3% below the first half of 2024. Enterprise applications drew $619 million, a 1% increase from the second half of 2024 and 3% above the first half of 2024. In terms of funding rounds, Groww raised $202 million in a Series F round, and Jumbotail raised $120 million in a Series D round. Retail companies secured $542 million, up 27% from the second half of 2024 but down 48% from the first watch of 2024. Fintech companies raised $701 million, a remarkable 255% increase from the second half of 2024 and 57% from a year earlier. Despite the overall decline in funding, the first half of 2025 saw significant growth in early-stage and fintech funding. Ather Energy was the sole company to go public, and two new unicorns emerged. With 26 acquisitions recorded, the tech sector in Karnataka continues to show resilience and growth potential.
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