Investments

VCs ditched Bengaluru for Mumbai, Delhi in 2025...or did they?

Sai Keerthi

Nikhil Patwardhan

November 27, 2025 | 10 Min Read

India’s top startup hubs saw sharply divergent 2025 trajectories as mega-rounds, weak seed pipelines and uneven liquidity reshaped funding trends. Tracxn's latest data shows a far more selective market, where concentrated capital and maturing city clusters are redefining the flow of venture money.

Bengaluru has served as a beacon for entrepreneurial spirit, dubbed the Silicon Valley of India. The access and potential the city holds have attracted many startups to set up shop, which has led to venture capital firms hunting for office spaces in the city. The city’s pubs and breweries often serve as venues for founders and investors to meet informally, pitch ideas, and close deals.

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