Tamil Nadu start-ups have raised over $1,235 million in 23 deals from private equity and venture capital firms in the first three months of 2022.
During the same period last year, 12 start-ups in the State got $530 million, according to data collated by Venture Intelligence, a research service focusing on private company financials and transactions and their valuation.
Of these start-ups, 13 are headquartered in Tamil Nadu. The rest were once headquartered in the State, but have moved abroad, closer to the investors. But these firms continue to operate and have a major presence in the State.
