- ViaStartupStory | January 10, 2023
Bengaluru topped the startup funding chart in India in 2022, with $10.8 billion, adopted by Mumbai ($3.9 billion) and Gurugram ($2.6 billion).
In line with Tracxn, a number one world market intelligence platform, startups in Delhi and Chennai obtained $1.2 billion in funding every, with Pune receiving $1 billion.
In 2021, Bengaluru-based startups raised $20.8 billion in funding, whereas Mumbai-based startups obtained $5.2 billion, reflecting the influence of final yr’s deepening winter funding.
In 2022, there will probably be 22 unicorns, in comparison with 46 in 2021, and the typical funding earlier than a unicorn spherical is about $160 million.
For Indian startups, the typical time from Collection A funding to Unicorn spherical is now 5.1 years.
There have been no new unicorns in April, October, or November of 2022.
“India began experiencing funding winter in This autumn of 2021 and it has been on a downward pattern since then. As a result of rising rates of interest and fears of a worldwide recession, investments throughout all industries are affected,” stated Tracxn’s annual report.
In line with the report, In 2022, 11 expertise IPOs had been launched, matching the quantity from the identical interval in 2021. Among the many main IPOs are Delhivery, Tracxn, and eMudhra.
In line with the corporate, LetsVenture, AngelList, and Y Combinator lead the record of probably the most energetic buyers in 2022 thus far.
Byju’s has topped the record of highest funds raised in 2022. In 2022, it has raised greater than $1.2 billion from present buyers. This accounts for almost half of all funding obtained within the edtech sector.
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