The past year saw the largest addition of Unicorns in India
and was a turning point in the start-up ecosystem. Along with the popular
FinTech, EdTech, and HealthTech players, we also have several one-of-its-kind
startups registering themselves in the coveted Unicorns' list. Based on the
above trend, here’s ‘Tech Start-ups: Quarterly Investment Factbook’ jointly
created by PGA Labs and NASSCOM that analyses startups deals in Q1 CY22.
As per the report, the tech startup ecosystem received a
major boost with the formation of 15 unicorns during Q1 CY22. Enterprise Tech
has emerged as the top-funded vertical, followed by fintech.
Key excerpts from the report:
- Large ticket sizes of deals helped in total funding of US$
7.2B in Q1 CY2022. The tech startup ecosystem received a major boost with the
formation of 15 unicorns during the quarter. Enterprise tech has emerged as the
top-funded vertical, followed by fintech.
- 7 out of 15 Unicorns added in Q1 CY22 are from enterprise
tech, fintech & SCM & logistics
- The number of deals closed in Q1 CY22 increased by 34% when
compared to Q4 CY21
- Percentage of funding in large funding rounds reduced from
68% to 58% in Q1 CY22