India's direct-to-consumer sector is maturing, with investors becoming more selective. Funding has shifted towards younger companies and early-stage ventures. Established brands like Lenskart and Licious continue to lead in funding. The stock market and acquisitions by large firms are now key exit routes.

India's direct-to-consumer sector is maturing, with investors becoming more selective. Funding has shifted towards younger companies and early-stage ventures. Established brands…

India's D2C funding is shifting to early-stage as exits expand, with $6 billion raised and notable acquisitions in 2025.