๐Ÿ“‰ Startup funding lowest in 8 quarters

Bengaluru news in just 5 minutes

Get TLB Bengaluru, our smart and concise daily guide to bustling Bengaluru in your inbox for FREE.

Of the total funding received by startups in India, only 27% went to those in Bengaluru, the lowest in eight quarters.

Story so far: The startup ecosystem in the country is facing a funding winter, particularly dismal for Bengaluru even though the city always attracts the most startup funding. In the September quarter of 2022, only 27%, roughly $841 million, went to those in the city.

  • In the third quarter of CY21, Bengaluru startups received 59% of the total funding, bagging around $8.7 billion.
  • This number dropped significantly this quarter, with $2,502 million less than what they bagged in Q2 CY22.

Other players: While Bengaluruโ€™s startup funding is waning, Puneโ€™s share has been increasing. Pune bagged 11% of the total startup funding amount in the last quarter, and Mumbai had 17%. However, the last two quarters have seen a dip in funding across the country.

More Stories from Bengaluru...

Bengaluru news in just 5 minutes

Get TLB Bengaluru, our smart and concise daily guide to bustling Bengaluru in your inbox for FREE.