SynopsisLate-stage startup funding in India is increasingly flowing into fewer but much larger deals, driven by AI infrastructure, data centres, clean energy and lending. Investors are prioritising profitable, IPO-ready businesses with predictable revenue over high-growth consumer internet bets. Dealmakers say diligence has also become more rigorous than during the 2021-22 funding boom.Late-stage private market funding in India averaged about $86 million per deal in the first half of the year, more than double the average size seen in the previous two six-month periods. Capital concentrated in larger transactions focused on artificial intelligence (AI) infrastructure, data centres, clean energy, lending and a few established consumer-facing platforms.Total late-stage funding increased to $3.8 billion across 44 rounds inNow Playing