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Bengaluru topped the startup funding chart in India with $10.8 billion in 2022, adopted by Mumbai at $3.9 billion, and Gurugram at a distant $2.6 billion.
Startups primarily based in Delhi and Chennai registered $1.2 billion every in funding, adopted by Pune at $1 billion, in response to information supplied by Tracxn, a number one international market intelligence platform.
In 2021, Bengaluru-based startups had raised $20.8 billion in funding and Mumbai-based startups had pocketed $5.2 billion in the identical 12 months, exhibiting the impression of the deepening funding winter final 12 months.
There have been 22 unicorns in 2022, in comparison with 46 in 2021, and common funding earlier than the unicorn spherical was round $160 million.
It’s now taking a mean of 5.1 years from Collection A funding to the Unicorn spherical for the Indian startups.
“India began experiencing funding winter in This fall of 2021 and it has been on a declining pattern since. Due to rising rates of interest and concern of a worldwide recession, investments throughout all industries have been impacted,” stated the Tracxn annual report.
The months of April, October and November in 2022 noticed no new unicorns.c
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A complete of 11 tech IPOs have been launched in 2022, matching the quantity from the identical interval in 2021. A few of the main IPOs are Delhivery, Tracxn, eMudhra, amongst others.
LetsVenture, AngelList, and Y Combinator have topped the record of most energetic buyers in 2022 so far, stated the corporate.
Regardless of the impression on funding in edtech, Byju’s has topped the record of highest funding raised in 2022. It raised over $1.2 billion in 2022 from present buyers. This amounted to nearly 50 per cent of the overall funding obtained within the edtech sector.
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