According to the report by the Dealroom and London & Partners, India ranked 4th globally, with USD 24.1 billion worth of tech venture capital (VC) investments in 2022.
- At a national level, the top 3 countries for tech investment in 2022 were the United States of America(USA) with USD 233.3 billion tech investment, followed by China with USD 48 billion and the United Kingdom(UK) with USD 29.9 billion.
Key Points:
i.The research showed that USD 10.7 billion of the total tech investment to India(24.1 billion) went into companies based in Bengaluru(Karnataka). With this Bengaluru joins the top 5 hubs for tech VC investment.
ii.Bengaluru accounted for five of the top 10 deals for Indian tech companies in 2022 viz. Byju’s (USD 800m) Swiggy (USD 700m), Dailyhunt (USD 805m), Polygon (USD 450m) and ShareChat (USD 225m). This means 10.7 billion of that investment to India, went into companies based in Bengaluru.
- Maharashtra grabbed two mega deals for ElasticRun (USD 300m) and Xpressbees (USD 300m), with Gurugram-based, Delhivery (USD 300m) making up the top 10.
iii.There is continuous investments from global tech investors in India’s tech firms despite a challenging macroeconomic climate.
iv.The total global VC funding experienced a 33% decline to USD 485.2 billion from the record levels seen in 2021 of USD723 billion. The 2022 numbers were 28% higher than the global investments in 2020 (USD 348.9 billion) and any other year except from 2021.
v.The leading sectors that contributed to India’s strong VC funding performance were education, food, media, fin-tech and transportation.
vi.Other global cities that saw impressive amounts of funding included the Bay Area (USD 72.4B), New York (USD 28.3B) and Boston (USD 20B).
- Outside of the US, London emerged as the fourth largest tech hub for VC funding and by far the largest in Europe, with the London tech firms receiving a total of USD 19.8 billion.
Recent Related News:
i.According to the “Review of Maritime Transport – 2022” published by the United Nations Conference on Trade and Development (UNCTAD), the pace of global shipping activity is set to decrease in 2023 due to the impacts of economic turmoil, the conflict between Ukraine and Russia and the impact of COVID-19 pandemic on the outlook for trade.
ii.The World Bank in its 37th Migration and Development Brief 2022 titled ‘Remittances Brave Global Headwinds, Special Focus: Climate Migration’ stated that India is all set to receive more than USD 100 billion (bn) in yearly remittances in 2022.
About London & Partners:
Chief Executive Officer– Laura Citron
Headquarters– London, UK
