$38.3B funding, 54 unicorns: The stellar FY 2022

Despite the pandemic shadowing over FY 2022, the Indian startup ecosystem closed the year with a significantly high number of deals and raking in $38.31 billion across stages.
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Hello Readers,

FY 2022, the fiscal gone by, was a turning point for the Indian startup ecosystem in terms of funding momentum and investor interest. The fiscal saw a record 54 startups enter the coveted unicorn club — signifying a huge funding momentum despite the challenges amid the COVID-19 pandemic.

According to data collated by YourStory Research, the year saw 1,633 deals across all stages — which was 16 percent higher than 1,406 deals seen during FY 2021. A majority of these deals — 82.4 percent — were disclosed, which totalled $38.3 billion in funding inflow.

While early-stage startups accounted for the lion share of the number of deals (1,210), late-stage startups attracted the most funding value — around 60 percent of the total disclosed funding. Meanwhile, growth-stage startups saw a major decline in terms of the volume (13.9 percent) and value (23.3 percent) of deals.

The top five sectors include fintech and financial services, edtech, direct-to-consumer brands, foodtech, and logistics and supply chain. They saw a cumulative fundraise of nearly $19 billion across 700 deals – contributing to 49.56 percent of the total value.


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(Representational image)


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