“Merge or Perish”: 2025 Is the Year Indian Startups Chose Cannibalism Over Collapse
2025 isn’t the year startups died; it’s the year they started eating each other alive. India recorded 183 startup mergers & acquisitions till Nov 2025, up 68% from 109 in entire 2024 (Tracxn + Inc42). Total disclosed value: $4.8 billion. Average deal size jumped from $18M to $42M. Survival is no longer about outrunning the…