Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India

The SaaS segment witnessed a 20 per cent increase in funding during CY22 compared to CY21 and accounted for nearly 25 per cent of all funding activity this year

Start-up funding in the country fell 33 per cent year-on-year (YoY) in calendar year 2022 (CY22) to $23.6 billion from $35.2 billion in the previous year, according to PwC India’s Start-up Deals Tracker — CY22 report.
 

This was still more than twice the funds raised in CY20 and CY19. The two years saw Rs $10.9 billion and Rs $12.8 billion in funding, respectively.
 

Early-stage funding, however, saw a 12 per cent increase this year compared to CY21. It accounted for 60-62 per cent of the total funding in terms of volume.
 

In terms of sectors, software as a service (SaaS)