2021 was a great year for Indian startups, and 2022 is also turning out to be a great year so far.
India now has 100 unicorns, with 44 unicorns born in 2021 and 14 more born in 2022 so far. And, of course, you don’t have to be a unicorn to be a success.
Overall, more than 500 Indian startups received $9.4 billion USD in funding in the first quarter of 2022 — a nearly 1.3X year-over-year increase. The times are looking great for Indian entrepreneurs and innovators.
Top Indian Startup Cities
The new York IE report, India’s Top Startup Cities, highlights these places that are driving the country’s innovation:
- Bangalore
- Pune
- Gurgaon
- Mumbai
- Chennai
- Noida
- Hyderabad
- New Delhi
The full report provides detailed Q1 funding information for all these cities, including total funds raised, number of rounds and the companies that had the biggest rounds. For example, Bangalore led the way with more than $4.1 billion in funding across 132 companies, topped by online food ordering platform Swiggy’s $700 million round.
To download the report of the top cities for Indian startups, click here.
