Late-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 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…

Late stage funding in India saw average deal sizes surge to about $86 million in the first half, driven by fewer but larger transactions. Capital flowed into AI infrastructure,…