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The Hindu
The Hindu
National
Special Correspondent

Bengaluru ranks 5th on global stage for tech venture capital investment

Bengaluru London

Bengaluru has emerged as the top fifth city on the global stage for venture capital investment in tech startups in 2022, behind Bay Area (San Francisco), New York, London and Greater Boston, as per Global Startup Genome Report.

Tech firms in Bengaluru have attracted VC funds worth $7.5 billion in the first half of 2022, considerably higher than the previous record of$5.2 billion in the corresponding period last year, the report said.

C.N. Ashwath Narayan, Minister for IT/BT, told The Hindu that “Our city is a hub of the world’s top talent and our startups are very promising and growth-centric. This gives global investors confidence to invest in our companies in Bengaluru. Therefore VC and PE investment to city ventures are on the rise.’’

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