What’s Really Happening in Maharashtra’s Startup Ecosystem?

Maharashtra’s startups raised $2 billion in the first nine months of 2025, up 11% from 2024 but still below 2023, per Tracxn. Seed funding fell, early-stage rebounded, and late-stage slowed amid uncertainty. GreenLine, Infra.Market, and Weaver Services secured $100M+ deals. Seven tech IPOs rose 75%. Real estate tech led with $555M, surpassing fintech’s $477M, as capital favored real-economy solutions.