Bengaluru start-ups captured a whopping $38 bn from VCs during 2020-24: Priyank Kharge

Bengaluru start-ups attracted task superior (VC) funds worthy a whopping $38 cardinal during the play betwixt 2020 and 2024, signalling a beardown capitalist confidence, said Priyank Kharge, IT & BT minister.

Despite a planetary meltdown, Karnataka-based start-ups person raised $1.7 cardinal of funds successful the archetypal fractional of 2025, the highest by immoderate State, Mr. Kharge told a radical of 50 VC firms visiting the metropolis connected Wednesday.

“This is the effect of the corporate effort of our entrepreneurs, investors, and the government,” the Minister said.

Bengaluru and Karnataka were uniquely positioned to pb the adjacent question of technology, innovation, and investment, and the relation of the VC assemblage would beryllium highly crucial, Mr. Kharge stated. “Your participation, presence, and mentorship tin marque a tangible quality to the adjacent procreation of entrepreneurs successful AI and Deep-Tech Innovation,” Mr. Kharge told the VC players.

According to the Minister, implicit the past fewer years, the State has emerged arsenic 1 of the world’s astir dynamic start-up ecosystems. Last year, the Department of Electronics, IT, BT, and Science & Technology, launched the Investor Connect programme to make a dynamic level for start-ups to straight prosecute with starring investors and transportation their innovative ideas which benefited some start-ups and investors, helium said. This year, the State authorities has received 134 start-up applications spanning 27 divers sectors, reflecting the extent and vibrancy of Karnataka’s innovation ecosystem.

As per Global Startup Ecosystem Report 2025, Bengaluru climbed 7 notches successful the Global Start-up Ecosystem rankings, present lasting astatine the 14th presumption globally successful AI and Big Data. India ranks sixth globally among Deep-tech ecosystems, nurturing implicit 3,600 deep-tech start-ups with bulk of these being based successful Karnataka.

N. Manjula, Secretary, Department of Electronics, IT, BT, and Science and Technology, said, “Over the years, we person seen the start-up ecosystem and the VC assemblage becoming beardown pillars of the Bengaluru Tech Summit. Here, the VCs tin prosecute with the start-ups not conscionable for investment, but besides for mentoring and fostering innovation.”