Maharashtra Tech Funding Sees 8% to $1.4B in H1 2025: Report

The tech ecosystem in Maharashtra has been maintaining a strong pace in the first half of 2025 investing an aggregate of $1.4 billion as per the Tracxn Maharashtra Tech H1 2025 Funding Report. This is an 8 percent increase year to year and H2 2024 and the ability of the state to withstand early-stage investment and transition into new sectors such as retail and logistics tech.

Suddenly, the attention of investors shifted dramatically to the transportation and logistics, and retail tech as they made up a large portion of the inflow of funds. Retail tech investments grew by 109 percent to $463 million, but transportation and logistics tech investments exploded to a new high of $378 million, an increase of 280 percent. The trend indicates a visible change in investors' appetite for high-growth consumer infrastructure industries.

The total number of early-stage funding advanced to 698 million, a 76 percent year-over-year growth, which shows great confidence in the next-generation startups because late-stage financing contracted by 28 percent. The notable contributors were two massive scale-ups of GreenLine (Series A) of $275 million and Infra.Market (Series F) of $222 million, particularly in the field of logistics and construction technology.

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“The Maharashtra tech ecosystem maintained steady momentum in H1 2025, supported by strong early-stage activity and major deals. While late-stage and seed-stage funding declined year over year, the surge in retail and transportation and logistics tech signaled evolving investor priorities,” the report stated.

Mumbai-based firms led with 64% of the state’s total funding, reaffirming the city’s dominance. Only one unicorn emerged, and two IPOs—ArisInfra and ATC Group—marked public market traction. Active investors included Blume Ventures, Venture Catalysts, Bessemer, and Accel, shaping Maharashtra’s evolving startup landscape.