Comprehensive look at venture capital (VC) trends and the startup ecosystem in 2025, highlighting a significant global shift towards more disciplined investment. Multiple reports confirm that Artificial Intelligence (AI) remains the dominant sector, driving the strongest VC funding quarter since 2022, primarily due to massive late-stage deals like OpenAI's $40 billion raise, even as funding for early-stage companies declines globally. A key trend for both international and Indian markets is the new investor focus on profitability, sustainable growth, and strong unit economics over "growth-at-all-costs" models, alongside a rise in specialized areas like ClimateTech, DeepTech, and Vertical Software-as-a-Service (SaaS). Furthermore, one source details how Perplexity AI, an AI-powered search engine leveraging large language models and live web retrieval for cited answers, has become one of the fastest-growing startups, achieving an estimated $18 billion valuation by mid-2025. Finally, the texts discuss the geographical unevenness of funding, noting North America's surge due to AI, while Asia and Europe face flat or declining investment levels.