​Bengaluru tops startup funding list in 2022Manu Kaushik

Jan 10, 2023

Bengaluru startups raise USD 10.8 billion in 2022

Startups in Karnataka’s capital Bengaluru raised USD 10.8 billion in funding in 2022, according to Tracxn, a global market intelligence platform.

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Mumbai trailed Bengaluru in startup funding in 2022

Startups in India's financial capital Mumbai raised USD 3.9 billion in 2022, a third of what new ventures in Bengaluru raised during the year.

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Gurugram bags number 3 spot in startup funding in 2022

With USD 2.6 billion in startup funding in the year 2022, Haryana's Gurugram is at number 3 on the list.

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Delhi startups raised USD 1.2 billion in 2022

Startups in national capital Delhi and Tamil Nadu’s Chennai raised USD 1.2 billion each in 2022.

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Pune startups bag USD 1 billion in funding

Pune is the second city from Maharashtra after Mumbai to figure in the list of top cities with maximum startup funding in 2022. Pune ventures raised USD 1 billion from investors in the year.

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Funding winter hits India's startup ecosystem

Owing to volatile market conditions in 2022, VC investors were far more cautious with their funding plans. The year 2022 saw creation of just 22 unicorns in the country, as apposed to 2021 when India churned out 46 ventures with valuations of 1 billion or above.

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Indian ventures raised USD 25 bn in 2022 vs

Indian startups raised USD 25 billion in 2022, a decline of 40% from the previous year when investors showered USD 42 billion in funding on Indian companies.

Credit: iStock

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