In 2024, the venture capital (VC) landscape saw over 30 new firms emerge, with expectations for continued growth in 2025 due to rising interest from limited partners and entrepreneurs. Notable entrants included MudhalVC, BlueGreen Ventures, and Zeropearl, often led by experienced founders. These boutique VCs focus on specialization and regional opportunities, targeting early-stage and tech-driven companies. India’s VC ecosystem, hosting 1,812 firms, ranks third globally, following the US and China. Economic uncertainty has opened gaps for agile firms, supported by government initiatives and increased institutional investment, although differentiation will be crucial for success.