30 Startups To Watch: Startups That Caught Our Eyes In May 2025
Despite a cautious business environment and funding slowdown in May 2025, the Indian startup ecosystem saw significant milestones like Skyroot Aerospace becoming a unicorn and featured 30 innovative early-stage companies across sectors like EVs, AI, and deeptech.Summary
The Indian startup ecosystem faced a challenging month in May 2025, marked by a cautious business environment due to the war in West Asia, macroeconomic strain, and a 28% month-on-month drop in funding to $579 Mn. The month also saw layoffs at several startups and controversies regarding gig worker privacy. However, there were notable bright spots, including Skyroot Aerospace achieving unicorn status and investors launching new funds for long-term bets. This edition of Inc42's '30 Startups To Watch' highlights 70 early-stage innovators from sectors such as semiconductors, D2C, and deeptech. The featured startups include Adiabatic, which develops intelligent battery packs for EVs; AI Library, a platform for enterprise AI agents; Akinna, a luxury leather handbag brand; Alphadroid, which builds autonomous service robots; and BluJ Aerospace, developing electric eVTOL aircraft for cargo. Other startups featured cover diverse areas such as home services, gaming, water infrastructure, robotics, green hydrogen, and consumer electronics, aiming to address specific market gaps and drive innovation across India's growing economy.
(Source：Inc42)