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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 keeping with knowledge offered by Tracxn, a number one world 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 yr, displaying the influence of the deepening funding winter final yr.
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 median of 5.1 years from Sequence A funding to the Unicorn spherical for the Indian startups.
“India began experiencing funding winter in This autumn 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 number of the main IPOs are Delhivery, Tracxn, eMudhra, amongst others.
LetsVenture, AngelList, and Y Combinator have topped the listing of most lively traders in 2022 so far, stated the corporate.
Regardless of the influence on funding in edtech, Byju’s has topped the listing of highest funding raised in 2022. It raised over $1.2 billion in 2022 from current traders. This amounted to virtually 50 per cent of the whole funding obtained within the edtech sector.
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