India's Startup Scene Booms: Space, Green Hydrogen, Education, and Fintech Lead the Way
In a wave of investments and innovations, several sectors in India have witnessed significant developments. The Fund of Funds for Startups (FFS) has shown strong support for space technology and aerospace, while the Ministry of New and Renewable Energy (MNRE) has launched a scheme to boost green hydrogen startups. Meanwhile, the education and fintech sectors have also seen notable progress.
In 2025, a collective of startups including Dhruva Space, Pixxel, and Skyroot Aerospace secured investments from the FFS. This funding aims to fuel their growth in space technology and aerospace sectors. The FFS has committed a total of ₹211 crore to these ventures, demonstrating its commitment to the industry.
The green hydrogen sector has also seen promising developments. At the Green Hydrogen R&D Conference, 25 startups presented innovative solutions in this field. Furthermore, the MNRE has introduced a ₹100 crore scheme to support green hydrogen startups, offering up to ₹5 crore per project for production, storage, transport, and utilization.
In the education sector, PhysicsWallah has filed an updated DRHP for its ₹3,820 crore IPO, indicating renewed confidence in the sector. Eruditus, a global edtech company, has also raised $150 million in refinancing to accelerate its global expansion and hybrid learning models.
Mintifi, a fintech NBFC, has reported a profit of ₹145 crore in FY25, marking a 56% year-on-year growth. Meanwhile, FirstCry has increased its stake in D2C aggregator Globalbees to 51.12% through a ₹73 crore infusion. CityMall has also raised $47 million in Series D funding to expand its reach in Tier 2 and Tier 3 cities in India.
In the coffee sector, specialty coffee chain Blue Tokai has secured $25 million in Series C funding. This investment will support the company's expansion and exports.
These investments and developments signal a vibrant and diverse startup ecosystem in India, with significant growth and innovation happening across various sectors. From space technology and green hydrogen to education and fintech, the country's startup scene continues to flourish.
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