Bengaluru-based tech firms raised record $7.5 bn in 2022, says report

Bengaluru-based tech companies raised record levels in the first three quarters of this year with $7.5 billion in VC funding — up from $5.2 billion in 2021, a report showed on Wednesday.

Bengaluru and London feature among the top 10 cities globally for most amount of VC investment over the last five years, according to the report from London & Partners in partnership with Dealroom.

The two major funding rounds for Bengaluru-based companies this year include Swiggy’s $700 million round in January and $55.7 million Series D for Ather Energy.

In fact, Bengaluru is now attracting more investments than other global hubs such as Singapore, Paris and Berlin, the report mentioned.