The total tech investment in the UK in 2019 was $13.76 billion, while it was $9.35 billion in India.
Bengaluru has received the largest amount of funding of any Indian city throughout the years.
London leads Europe in tech investment, with VC investment higher than Berlin, Munich and Paris combined.
Despite the UK having a clear advantage when it comes to overall tech investment, India is on its way of becoming a global tech leader as well.
In the UK, fintech investment more than doubled between 2018 and 2019, with $5.2 billion invested in fintech firms in 2019.
On consumer fintech adoption, the UK ranks within the top 10 countries in the world, with 71% of people using fintech products.China and India have the highest rate of adoption at 87%, with money transfers and payments the most popular services globally.
Software Development and Data Science Meetups are of vital importance in Delhi, Bengaluru and London.
London leads Europe in tech investment, with VC investment higher than Berlin, Munich and Paris combined. This makes London an extraordinary place to pursue a tech career. It reached its peak in 2019, with $9.3billion.
Cambridge is in the Top 10 European Cities for Tech Investment. It more than doubled from 2016 to 2019, with $0.7 billion invested in 2019. This makes Cambridge an interesting place to pursue a tech career.
Delhi has always been one of the most important tech investment hubs. Investments have doubled from 2016 to 2017, with an investment of $4.0 billion in 2017. Furthermore, the amount of investment in 2018 also increased to $4.5 billion, remaining roughly at the same level.
About $4.3 billion was invested in Mumbai from 2016 to 2019. The trend is positive. From 2017, there has been a steady rise in investments.
Bengaluru is known as the Silicon Valley of India. In 2017, it reached its highest fund of $7billion dollar. In the years after, it decreased to around $5 billion. Bengaluru received the largest amount of funding of any Indian city.
Investing in hybrid tech fields, such as fintech, has been on the rise over the past years. In the UK, fintech investment more than doubled between 2018 and 2019, with $5.2 billion invested in fintech firms in 2019. This makes fintech the UK's largest tech sub-sector for investment, with still huge potential for continued growth.
Fintech has also been one of the most impactful industries for India. India fintech startups recorded a total funding of almost $10 Billion between 2016 and 2019. With a peak of $3.7 billion in 2017, it dropped significantly to $2.4 billion in 2018.
ClinSpecDx, a healthtech company that uses AI to diagnose blood cancer, is highlighting how emerging technologies can significantly boost our health and enhance our way of life. Healthtech VC investment stayed constant in 2017 and doubled in 2018. Next to FinTech, the HealthTech industry is one of the most important industries.
In comparison to the UK, India's Healthtech industry received less funding, reaching its peak last year with an amount of $0.53 billion. However, it is vital to point out how it has doubled from 2016 ($0.2 billion) to 2018. In 2019 it remained almost constant.
Enterprise tech startups raised approximately $5.5 billion in 2017. At its peak, it reached $1.8 billion, then fell to $1.5 billion in the years after.
Enterprise tech startups raised approximately $8 billion between 2016 and 2019 which is significantly more than in the UK. The increased tech adoption by Indian SMBs has helped marketing and sales automation startups gain maximum funding within enterprise tech.
The UK is a global leader when it comes to VC investment into deep tech companies. UK deep tech companies raised $3.1 billion in 2019 and will need government support to maintain its top-three tanking position in the world.
According to our analysis, Bengaluru is the top destination for deeptech startups in India. It recorded the highest number of deeptech funding deals. In 2019, Indian deeptech startups raised $136.1 million in funding.
UK series A and B investment have risen by 28% in the last year to $3.95 billion in 2019. Interestingly, India reached approximately $4.32 billion. In 2018 it was around $2.67 billion. This illustrates the stability of the UK & Indian tech sector. The TechNation report 2020 predicts that this growth will continue for both countries. India is on its way of catching up with global tech leaders like UK.
Despite being made up of entrepreneurs, inventors, and innovators, the global tech ecosystem is inherently human. Collaboration is the glue that binds these people and organizations together.
Meetup.com data enables us to take a close look at these human networks, understanding the places, people, and themes that are defining the evolution of technology.