Indian start-ups raise $7.2 b in Q1 CY22, grows over 34% q-o-q

Indian tech start-ups raised round $7.2 billion in Q1 CY22, rising by almost 34 per cent as in comparison with This fall CY21. Round 81 per cent of this funding exercise was pushed by early and growth-stage offers, in response to a report by the Nationwide Affiliation of Software program and Companies Firms (Nasscom), in affiliation with PGA Labs.

About 76 per cent of the overall offers by way of volumes throughout 247 offers have been of ticket sizes lower than $25 million. The report particularly tracks offers throughout on 5 key verticalsm— fintech, edtech, retail tech, health-tech and enterprise-tech. Between January and March, round 54 per cent of the offers have been in three particular verticals – Enterprise Tech, FinTech and EdTech.

Unicorn wave

Proportion of enormous funding rounds went down from 68 % earlier to 58 per cent in Q1. This whilst there have been some vital funding rounds, together with Swiggy elevating $700 million, Polygon elevating $450 million, Uniphore raised $400 million and ElasticRun raised $332 million.

The unicorn wave continues this quarter too, with 15 new unicorns reported this quarter, ranging from Mamaearth, a D2C private care and sweetness model which raised $52 million, led by Sequoia Capital. Seven out of 15 unicorns added in Q1 CY22 are from Enterprise tech, fintech and SCM & logistics. Retail tech accounted for 8 per cent of the overall funding in Q1, whereas e-commerce sector raised $588 million in complete funding.  Dealshare and Udaan raised $200 million every in Q1.

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April 22, 2022