We are delighted to announce the 2025 edition of the Indus Valley Annual Report!
You can download the report from the link below.
The Indus Valley Report
At Blume Ventures, "Indus Valley" is our moniker for the Indian startup ecosystem or the Indian Silicon Valley.
The Indus Valley Report, a yearly reflection, examines and dissects the growth of the Indian economy and India's flourishing startup scene. Through 150+ insightful and provocative charts, the report identifies key themes, patterns and trends shaping the Indian startup and venture ecosystem.
In our 2022 inaugural report, we explored India's emergence as a startup powerhouse. The following edition examined Indus Valley's soft power and ecosystem depth and the 2024 report analyzed India's evolving narratives and market performance on its path to becoming a global power. Now in the 2025 edition, our longest report yet, we investigate five years of economic policy, the deepening India1 market, and long-term structural forces powering the Indian economy. We also dive into VC funding dynamics, opportunities in AI and quick commerce, and provide practical playbooks for India2, eCommerce returns, and diaspora marketing.
Media Coverage of the Indus Valley Report
Acknowledged
by top publications
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About Blume Ventures
Blume is an early stage venture fund that backs startups with both funding as well as active mentoring. We typically invest in tech-led startups, led by founders who are obsessed with solving hard problems, uniquely Indian in nature, and impacting large markets. Our vision is to be the leading platform that sources, funds, nurtures and creates value for India's brightest young startups – helping them 'blume'!
