The world continues to evolve, markets are constantly changing, and the startup ecosystem seems to be enjoying the support of investors. The first quarter of 2022 has been an exciting ride for Indian startups.
The Indian startup ecosystem has grown bit by bit and saw 1,633 deals during fiscal 2021-22. The year will be marked as historic, as it recorded the elevation of 54 startups into the $1 billion-plus valuation club, thus becoming Unicorns of India. Interestingly, 14 out of these 54 unicorns upscaled in the latest quarter, i.e. January – March 2022, strengthening the belief that 2022 could be another historic year of investments and booming unicorns, just like 2021.
As per YourStory, the first quarter of 2022 recorded 482 funding deals which are 89 per cent higher than the 255 deals seen in the first quarter of 2021. The report also highlights the funding in Q1 2022 amounting to $10.02 billion, 169.5 per cent higher than the $3.71 billion raised in the same period last year.
2022 first quarter investments elevated 14 Indian startups to the billion-dollar valuation, joining the “unicorn club”. The promising statistic from Q1 2022 is that the 14 unicorns of 2022 are a little over 31.8 per cent of the 44 unicorns that evolved during 2021.
As per Fintracker, the funding estimates in Q1 2022 were $12 billion in Q1 and $7.8 billion in Q2 2022, respectively, highlighting a massive decline of 34% in quarter-on-quarter funding.
The EdTech industry seems to have a good market share as investors continue to fund and make the sector more substantial dollar by dollar. HolonIQ’s Global EdTech VC funding report states that EdTechs globally secured $4.5 Billion of Venture Funding in Q1 2022, whereas India is surging with Byju’s, LEAD School, and Emeritus leading.
Our data on Indian EdTechs funded in H1’22 tracks down 62 edtech funding deals across the country in the first half of 2022. Based on funds raised, the top three EdTechs in India in H1’2022 are Byju’s with $800 million, Allen Career with $600 million and Eruditus with $350 million raised.
Mumbai made the maximum number of deals with 20 EdTechs securing funds in the first half, including giants like Eruditus and upGrad, followed by Bengaluru, home to the EdTech unicorn Byju’s, the most funded and valuable edtech company in India and Delhi NCR, the region with the third highest number of deals, i.e. 16 EdTech deals. However, one of the top three companies with maximum funds received, Allen Career, is from Kota (Rajasthan), which secured a whopping $600 million against the total of ~ $3 billion funding in Indian EdTechs H1.
To help you better understand the Indian EdTech fundings, we have compiled a list of Indian EdTechs that got funded in H1 2022. The list is further segregated based on various segments in the EdTech sector like eLearning, K12 solutions, HigherEd, upskilling, professional development, training & hiring, and more.
Download this pdf and access complete funding information, including funding type, funding amount, investors and more on Indian edtechs funded in H1’2022.