A rebound year for India VC fundraising, but deployment headwinds linger

Including green-shoe options and full target sizes, India-focused VC and PE funds launched or currently in the market in 2025 are seeking about $9 billion in total. But so far only around $2.5 billion has been closed. A VCCircle report pegs uninvested capital or ‘dry powder' at around $100 billion.

A rebound year for India VC fundraising, but deployment headwinds linger
Including green-shoe options and full target sizes, India-focused VC and PE funds launched or currently in the market in 2025 are seeking about $9 billion in total. But so far only around $2.5 billion has been closed. A VCCircle report pegs uninvested capital or ‘dry powder' at around $100 billion.

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