India tilts towards tech in 2022 as investors eye the sector for a profitable outcome
2022 is the year when investors are eyeing to put their bets on technology as there are a lot of doors opening for them. This year would project such a huge inclination towards technology was seen in 2021 where there was a record one for venture capitalist technology sector investment in India.
This is being projected because of the details compiled in new research released in London on Thursday. It was London & Partners and Dealroom.So who conducted the research.
It said that it is Bengaluru that continues to lead India’s tech charge, attracting USD 18.6 billion to rank fifth in the world’s top global cities for tech VC investment.
Till now India tech VC increased about three times from USD 14.9 billion in 2020 to USD 44.6 billion in 2021 a year where a total of worldwide investment increased to a record high at USD 675 billion. The United Kingdom came in the fourth position with USD 39.8 billion.
Capital London is also there with the UK at the fourth place and is just ahead of Bengaluru as the world’s top tech hubs with USD 25.5 billion.
As of now, the record venture capital investment figures for the UK and India are restricted to 2021 and they essentially demonstrate how tech, if combined with innovation are thriving across both regions. The increase in the number of unicorns and exciting tech startups shows that cities such as London and Bengaluru are being considered by the VCs as some of the best places to invest big time.