According to Tracxn Geo Quarterly Report Indian start ups raised $6.9 billion in Q2CY22. The funding declined to 33% from $10.3 billion raised in Q1CY 22. it also declined on an YoY basis from $10.1 billion.
The report said that there was a consensus among market players about funding winter, or downturn in investors confidence and sentiments toward funding start ups. Funding winter is a result of market slowdown. and volaitlity in economy. Inflation, interest rates and commodity prices were the factors causing volatility.
There 409 funding rounds in Q2. The top startups in fundraising were VerSe- $805M, Delhivery- $304M, Udaan $275 M.mthe funding winter is expected to continue for an year. The fund has been most active funds in the seed stage category.
The sectors which received the most were social platforms, Internet first media, payments, B2b e commerce. Ecommerce recieved the most enblers form the most funding.
Other highlights include 121 new startups closing their first rounds. The total values of unicorns valuation ecalated tp $3.8. 4 start uos training unicorns, aquisition of 62 startups.
eMudhra, Delhivery, Handicrafts village, Eighty Jewellers and veranda learning soltions filed foe IPO.
Bengaluru, delhi, and Mumbaai are top cities attracting maximum investmets
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