With $7.5 billion in venture capital funding, Bengaluru-based tech businesses raised record amount in the first three quarters of this year, up from $5.2 billion in 2021.
Story so far: According to a report from London & Partners in collaboration with Dealroom, Bengaluru and London rank in the top 10 worldwide locations for VC investment over the past five years.
Significant rounds: Swiggy’s $700 million funding round in January and Ather Energy’s $55.7 million Series D investment round are the two significant funding rounds for Bengaluru-based businesses this year.
- Currently, Bengaluru is attracting more investments than other major global cities like Singapore, Paris, and Berlin.
- In recent years, innovative immersive tech businesses have been sprouting up in Bengaluru and London.
Fourth rank: Bengaluru and London are two of the top hubs for venture capital investment into immersive technology businesses worldwide. Bengaluru ranked fourth with $510 million raised in 2022, with London coming in fifth.