Topics In Demand
Notification
New

No notification found.

NASSCOM Tech Start-up Report 2022-Rising Above Uncertainty: The 2022 Saga of Tech Start-ups

February 15, 2023 3309 1 nasscom insights

NASSCOM Tech Start-up Report 2022-Rising Above Uncertainty: The 2022 Saga of Tech Start-ups

The report underlines the maturity of India's tech start-up ecosystem, highlighted by the ability to circumvent cyclical ups and downs in addition to the growth of new-generation start-ups. It also highlights Indian entrepreneurs’ emphasis on building strong fundamentals and the increasing diversity and vibrancy of the ecosystem. The Outlook for 2023 based on feedback received from start-up founders is also covered in the report.

3309

1

Download

Key Highlights:

Strong ecosystem with New Gen tech start-ups base broadening:

  • 1300+ new tech start-ups, 23 new unicorns (2nd highest in the world)
  • 2022 funding at $18.2 Bn is 30% lower than 2021, higher than last 4-year average in value terms
  • 3-4X growth in investments for critical areas like EnvironmentTech, Lifesciences, Aviation, Maritime & Defence

Decline in late-stage funding but more investment in early-stage start-ups:

  • >40% drop in late-stage funding, led by reduction in mega deals
  • >30% increase in seed and early-stage funding
  • >1.6X increase in 2022 over 2021 in unique and active venture capital and private equity firms

Indian entrepreneurs’ laying emphasis on fundamentals

  • More than half of the tech start-ups in 2022 saw an increase in revenue of>20% (survey findings)
  • Overall, half of the tech start-ups continued or increased hiring in 2022
  • 25% of mature start-ups are either EBITDA positive, or expect to be by mid-2023

Diversity of Indian tech start-up ecosystem continues to expand:

  • 39% of tech start-ups founded in 2022 from emerging locations in India, up from 34% in 2021
  • 18% start-ups in the ecosystem with at least one-woman founder/co-founder
  • 36 unicorns and potential unicorns with at least one women founder/co-founder

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



LATEST REPORTS

© Copyright nasscom. All Rights Reserved.