1、Executive Summary(1/2)H2FY25 witnessed historic investments in GenAI startups,robust deal-making and M&A,investments in energy-efficient AI DCs,and fast-evolving agentic AIRecord-Setting GenAI Startup Funding by Value and Rounds 3.7X increase in H2 over H1,closing FY25 at$61 Bn+1.2X rise in funding

2、rounds in H2,clocking 540 rounds in FY25Deals Above$150 Mn,and M&A Activity,Grew Over 2X Record 29 deals above$150 Mn in H2,clocking$46 Bn 36 M&A deals,majorly in data engineering and agentic AIStrong and Clear Vertical Focus Emerges Coding platforms,drug discovery LLMs,healthcare platforms and lega

3、l contracting models collectively secured$2 Bn+75%+of Funds into LLMs,Although a Dip From 80-81%Peak$35 Bn+invested in just OpenAI,xAI,and Anthropic Over$2 Bn into highly specialized domain LLMsStartup FundingGrowing Momentum in Energy-Efficient AI Infrastructure Over$5.5 Bn invested in energy-effic

4、ient and sustainable greenfield AI DCs,crypto-to-AI DCs,photonic AI chip-makingBig-Ticket DealsModel MakingApplication FocusEnergy-Efficient AIRecord-Setting GenAI Startup Funding by Value 3X increase in H2 over H1,closing FY25 at$230 Mn+27%decline in funding rounds in H2,with 45 rounds in FY25Deals

5、 Above$1 Mn Rose by 2.5X,Limited Traction Above$50 Mn 60%of the deals clocked$1 Mn+funding across diverse themes M&A draught persists as Indian GenAI startups are yet to scaleVertical Diversification Emerges,But With Diffused Focus Spotdraft,a pivoted legaltech GenAI startup,secures$60 Mn Cloud-nati

6、ve AI,Edge AI,PaaS startups secure$75 MnNo Model Investments Even as Chorus for India LLM Grows Startups in LLMOps and production-ready RAG frameworks get funded Truefoundry and Swades AIAcceleration in AI-Native Cloud Services 29%of H2 funding into startups focused on AI-native cloud services,GPU-a