Key Highlights:
Strong ecosystem with New Gen tech start-ups base broadening:
- 1300+ new tech start-ups, 23 new unicorns (2nd highest in the world)
- 2022 funding at $18.2 Bn is 30% lower than 2021, higher than last 4-year average in value terms
- 3-4X growth in investments for critical areas like EnvironmentTech, Lifesciences, Aviation, Maritime & Defence
Decline in late-stage funding but more investment in early-stage start-ups:
- >40% drop in late-stage funding, led by reduction in mega deals
- >30% increase in seed and early-stage funding
- >1.6X increase in 2022 over 2021 in unique and active venture capital and private equity firms
Indian entrepreneurs’ laying emphasis on fundamentals
- More than half of the tech start-ups in 2022 saw an increase in revenue of>20% (survey findings)
- Overall, half of the tech start-ups continued or increased hiring in 2022
- 25% of mature start-ups are either EBITDA positive, or expect to be by mid-2023
Diversity of Indian tech start-up ecosystem continues to expand:
- 39% of tech start-ups founded in 2022 from emerging locations in India, up from 34% in 2021
- 18% start-ups in the ecosystem with at least one-woman founder/co-founder
- 36 unicorns and potential unicorns with at least one women founder/co-founder
