Bengaluru-based IT firms have raised $7.5 billion in VC funding, till date in 2022, says report

24 Nov 2022 , 11:17 AM

Bengaluru-based IT firms raised a record $7.5 billion in venture capital funding in the first three quarters of this year, up from $5.2 billion in the corresponding period of  2021.

According to a survey 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.

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.

In actuality, Bengaluru is currently luring more investments than other major international centers like Singapore, Paris, and Berlin.