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Startup Funding Dropped 49% For Delhi NCR Startups In 2022

Inc42 · 1y

Despite a 49% decline in funding in 2022, Delhi-NCR remains a promising destination for startup investors. The region raised $5.2bn in funding, with an average ticket size of $16m. The total number of deals declined by 12% to 398. Fintech emerged as the top-funded sector in Delhi-NCR, with $1.3bn raised across 60 deals. The Delhi government's startup policy aims to support entrepreneurs through financial assistance, ease of doing business, and subsidies for amenities and rent. Although Bengaluru is currently the startup capital of India, Delhi-NCR has potential due to its high number of recognized startups, premier educational institutes, and reasonable commercial real estate costs.