India's startup funding in 2022 doubled the pre-pandemic level: PwC

According to the consultancy firm, Price Waterhouse Coopers (PwC), Indian start-ups funding in 2022 doubled the pre-pandemic level as the start-ups raised US$ 24 billion in the calendar year 2022 (CY22) as compared to that of US$ 12.8 billion in 2019.

As per the "India start-up deals tracker CY22", the e-commerce start-ups operating in the business-to-commerce (B2C) space were the fastest to achieve the status of "unicorns". The highest number of new unicorn start-ups in CY22 were in the sectors of Software as a Service (SaaS), FinTech, Logistics, and AutoTech. The media and entertainment sector also saw a rise in funding activity.

It has also been reported that Bengaluru, National Capital Region (NCR), and Mumbai constituted 88% of the total funding activity in CY22 and comprised 82% of all the start-ups in India.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.