India added 1,300 tech start-ups and 23 unicorns in 2022
- IBEF
- February 17, 2023
In 2022, about 1,300 start-ups with a technology focus were added, bringing the overall number of active tech start-ups to 25,000-27,000. In addition, India added around 23 unicorns in 2022, which was the second-highest number in the world.
After China and the United States, India continues to have the third-largest tech start-up ecosystem worldwide.
A total of US$ 73 billion in equity investments have been raised by tech start-ups in India, of which US$ 18.2 billion came in 2022.
According to a NASSCOM analysis, this was less than the US$ 24.1 billion raised in 2021 but more than the US$ 13.1 billion raised in the year prior to the 2019 pandemic.
The country also added the second-highest number of unicorns in the world, with over 23 added in the calendar year 2022. It has a total of 89 technology-focused unicorns. India has 174 potential unicorns and 60 were added to the list in 2022.
The influence of women in the startup ecosystem has increased. A woman is at least one of the founders or co-founders of 36% of unicorns and potential unicorns.
About 17% of all investment deals between 2019 and 2022 were raised by women-led start-ups, and about 18% of all start-ups in the ecosystem include at least one female founder or co-founder.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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