This Indian City Received Rs 80,000 Crore Of Startup Funding In Last 12 Months!


Rohit Kulkarni

Rohit Kulkarni

Jan 27, 2023


When it comes to spirit of entrepreneurship and dollar raised, nothing comes close to Bengaluru, which in 2022 has raised a $10.8 billion.

Next in the list is Mumbai at $3.9 billion, and Gurugram at a distant $2.6 billion.

This Indian City Received Rs 80,000 Crore Of Startup Funding In Last 12 Months!

According to data provided by Tracxn, a leading global market intelligence platform, start-ups based in Delhi and Chennai registered $1.2 billion each in funding, followed by Pune at $1 billion.

Indian Start-ups Funding 

In 2021, Bengaluru-based startups had raised $20.8 billion in funding and Mumbai-based startups had pocketed $5.2 billion in the same year, showing the impact of the deepening funding winter last year.

As compared to 46 in 2021, in 2022 there are 22 unicorns in 2022, and average funding before the unicorn round was around $160 million.

It is now taking an average of 5.1 years from Series A funding to the Unicorn round for the Indian startups.

Tracxn annual report said that “India started experiencing funding winter in Q4 of 2021 and it has been on a declining trend since. Because of rising interest rates and fear of a worldwide recession, investments across all industries have been impacted”.

The months of April, October and November in 2022 saw no new unicorns.

Major IPOs 

A total of 11 tech IPOs were launched in 2022, matching the number from the same period in 2021. Some of the major IPOs are Delhivery, Tracxn, eMudhra, among others.

LetsVenture, AngelList, and Y Combinator have topped the list of most active investors in 2022 to date, said the company.

Despite the impact on funding in edtech, Byju’s has topped the list of highest funding raised in 2022. It raised over $1.2 billion in 2022 from existing investors. This amounted to almost 50 per cent of the total funding received in the edtech sector.


Rohit Kulkarni
Rohit Kulkarni
  • 1114 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online