Startups in India raised $8 billion in the beginning of 2022

Startups in India raised $8 billion in the first two months of 2022. This implies that in January and February, approximately $1 billion was invested weekly in the startup ecosystem.

Through 2021, the ecosystem generated $42 billion over 1,579 agreements, compared to $11.5 billion across 924 deals in 2020.

In the first two months of 2022, Indian startups have already closed 277 transactions. Dunzo, supported by Reliance, Nykaa’s rival Purple, Zomato’s rival Swiggy, and others are among them.

Ten startups have joined the unicorn club, which comprises companies valued at over a billion dollars, in the ecosystem. Fractal, DarwinBox, Hasura, and Uniphore are among the SaaS startups on the list for 2022, as are edtech company Lead School, transportation company XpressBees, and eCommerce platforms Dealshare, ElasticRun, and Livspace.

According to Venture Intelligence statistics, India presently has 91 unicorns. BharatPe, Cred, Groww, Zerodha, Upstox, Spinny, Cars24, ShareChat, and others are among them.

“Startups have emerged as a driver of growth for our economy,” Finance Minister Nirmala Sitharaman said in her 2022 budget address.

Piyush Goyal, India’s commerce and industry minister, stated in January that the country should attempt to breed 75 unicorns in 75 weeks to commemorate the country’s 75th anniversary of independence. “Since the start of the ‘Azadi ka Amrit Mahotsav’ on March 12, 2021, we’ve gained 43 unicorns in 45 weeks,” he remarked.