India venture debt deployment grows marginally in 2025 to $1.3 billion: Report

Venture debt deployment in India inched up to $1.3 billion in 2025 from $1.2 billion in 2024 even as deal activity slowed during the year, according to a report by Stride Ventures.

The number of transactions declined to 187 in 2025 from 238 a year earlier, pointing to a moderation in startup funding. Venture capital investments remained largely flat during the year, as a drop in large-ticket deals and a shifting investment thesis towards early-stage artificial intelligence (AI) startups weighed on aggregate funding levels, ET had reported in December.

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