FY25 has emerged as a defining year for the Indian startup ecosystem. After nearly two years of valuation corrections, funding pullbacks, and operational restructuring, startups have entered a phase that prioritises financial discipline over aggressive expansion. The year is less about chasing unicorn tags and more about demonstrating resilient balance sheets, predictable revenue streams, and a clear path to profitability.
Across sectors, founders and investors alike are recalibrating expectations. Capital is available, but it is selective. Growth is encouraged, but only when backed by unit economics that make sense. This shift has made FY25 an ideal moment to track how Indian startups are
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