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VC funding in Q1 2025 remains flat; Binance on Indian crypto ecosystem
- In FY25, India registered 1.96 million units of electric vehicles, a 17% YoY growth, with growth in two-wheelers, three-wheelers, and passenger vehicles.
- Ola Electric led the electric two-wheeler segment but faced challenges in March 2025, falling to third place.
- MG Windsor emerged as the best-selling electric car in India, with over 15,000 units sold, offering a battery-as-a-service program.
- Swiggy received an assessment order for unpaid dues of Rs 158 crore, planning to appeal the order.
- VC funding in Q1 2025 for Indian startups remained flat at $2.52 billion across 312 deals, with a decline in larger value deals.
- Growth-stage startups raised $852 million, early-stage startups raised $805 million, with Bengaluru attracting the highest VC funding.
- Binance re-entered the Indian market, receiving a $2 billion investment from Abu Dhabi-based MGX, focusing on compliance and educating investors.
- Luxorides, a Delhi startup, offers premium cars for rent, aiming to expand into air and water mobility in the future.
- White House proposed 20% tariffs on most imports, Indian shares dropped, and Alibaba plans to release an upgraded AI model.
- Japan has the highest public debt burden in the world, with a debt-to-GDP ratio of 242%.
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