Delhi NCR tech corporations raised a complete of $2.4 billion within the first 9 months of 2025, a 12% improve in comparison with $2.1 billion in 9 months of 2024 and a 34% rise from $1.8 billion recorded in 9 months of 2023, in keeping with a modern evaluation launched by Tracxn.

The interval continued to witness wholesome funding participation, although shifts throughout funding phases and sectors performed a key function in shaping general market exercise.

Funding exercise throughout phases in Delhi NCR confirmed combined developments in 9 months 2025. Seed-stage funding stood at $174 million, reflecting a 50% decline from $351 million in 9 months 2024 and a 38% drop from $279 million in 9 months 2023. Early-stage funding totaled $644 million, marking a 26% lower in comparison with $871 million in 9 months 2024 and a 13% decline from $741 million in 9 months 2023.

In distinction, late-stage funding recorded sturdy momentum, reaching $1.6 billion in 9 months 2025, a 77% rise from $920 million in 9 months 2024 and a 121% improve in comparison with $737 million raised in 9 months 2023. Autotech, Retail, and Enterprise functions emerged as the highest performing sectors in 9 months 2025. 

The autotech sector noticed complete funding of $1.3 billion in 9 months 2025, a rise of 517% in comparison with $218 million raised in 9 months 2024 and a rise of 520% in comparison with $217 million raised in 9 months 2023. 

The retail sector recorded funding of $576 million in 9 months 2025, a lower of two% in comparison with $590 million raised in 9 months 2024 and a rise of seven% in comparison with $538 million raised in 9 months 2023. 

Enterprise functions secured $374 million in 9 months 2025, a lower of over 12% in comparison with $424 million raised in 9 months 2024 and a rise of over 3% in comparison with $362 million raised in 9 months 2023. A serious a part of the $100 million+ offers got here from Auto Tech, Retail & Aerospace, Maritime and Protection Tech.

Three $100 million+ funding rounds have been recorded in Delhi NCR in 9 months 2025, matching the three seen in each 9 months 2024 and 9 months 2023. Erisha E Mobility raised $1 billion in a Sequence D spherical, Spinny secured $131 million in a Sequence F spherical, and Raphe mPhibr raised $100 million in a Sequence B spherical, all crossing the $100 million mark.

The interval additionally noticed notable public market exercise, with 11 IPOs in 9 months 2025, down 8% from 12 in 9 months 2024 however up 83% in comparison with 6 in 9 months 2023. Corporations that went public throughout this era included BharatRohan, Matrix-Geo, City Firm, and Aditya Group.

Tech corporations in Delhi NCR noticed 25 acquisitions in 9 months 2025, an increase of 79% in comparison with 14 acquisitions in 9 months 2024 and an increase of 4% in comparison with 24 acquisitions in 9 months 2023. Wingify was acquired by Everstone Capital at a value of $200 million, making it the highest-value acquisition in 9 months 2025, adopted by the acquisition of Ecom Specific by Delhivery at a value of $165 million.

Delhi continued to guide the area’s innovation panorama, commanding 57% of all tech funding in 9 months 2025, reinforcing its place as the first hub inside Delhi NCR. Gurugram adopted with 34% of complete investments, reflecting its sustained attraction amongst growth-stage and late-stage backers.

Investor participation in Delhi NCR’s tech ecosystem remained sturdy throughout phases in 9 months 2025. Enterprise Catalysts, Inflection Level Ventures, and India Accelerator emerged as essentially the most lively traders on the seed stage, backing early-stage startups throughout the area.

On the early stage, Vertex Ventures, Peak XV Companions, and RPSG Capital Ventures performed vital roles in supporting corporations scaling into their subsequent section of progress. On the mature finish of the market, Blue Dot Companions led late-stage funding exercise within the Delhi NCR tech ecosystem in the course of the interval.

The Delhi NCR tech market in 9 months 2025 recorded a notable rise in general funding, supported by sturdy late-stage investments and three $100 million+ mega offers.