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

21 startups entered the unicorn club in 2022, highest from SaaS category

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Raghav Aggarwal New Delhi
Indian startup funding in 2022 was double the pre-pandemic level, according to the consultancy firm PwC. Compared to $12.8 billion in 2019, startups in India raised $24 billion in the calendar year 2022 (CY22). However, it was 33 per cent less than the $35 billion raised in 2021 (CY21).

According to "India startup deals tracker CY22", released on Wednesday, the e-commerce startups operating in the business-to-commerce (B2C) space were the fastest to achieve the status of "unicorns". A unicorn has a valuation of over $1 billion. Moreover, the number of new unicorns halved in CY22 to 21 from 42 in

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First Published: Jan 11 2023 | 1:31 PM IST

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