Venture capital funding: Startups raise $17 billion – Times of India
[ad_1]
NEW DELHI: Indian startups got $16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, Global-Data said on Friday.
“Despite the third wave of Covid looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem. In fact, Indian startups stood next only to Chinese counterparts in terms of VC funding value among the APAC countries during January to July 2021,” the leading data and analytics company said.
An analysis of Global-Data’s financial deals database reveals that a total of 828 VC funding deals were announced in India during January-July 2021, while the total disclosed funding value of these deals stood at $ 16.9 billion.
Some of the notable VC funding deals announced in India during January-July 2021 include $3.6 billion raised by Flipkart, $502 million raised by Mohalla Tech (ShareChat), Zomato’s capital raising of around $500 million, and $460 million raised by Think and Learn (Byju’s).
Rising smartphone penetration and affordable mobile internet have transformed India into a digital-first economy. As a result, tech startups are the biggest beneficiaries of this trend.
“Despite the third wave of Covid looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem. In fact, Indian startups stood next only to Chinese counterparts in terms of VC funding value among the APAC countries during January to July 2021,” the leading data and analytics company said.
An analysis of Global-Data’s financial deals database reveals that a total of 828 VC funding deals were announced in India during January-July 2021, while the total disclosed funding value of these deals stood at $ 16.9 billion.
Some of the notable VC funding deals announced in India during January-July 2021 include $3.6 billion raised by Flipkart, $502 million raised by Mohalla Tech (ShareChat), Zomato’s capital raising of around $500 million, and $460 million raised by Think and Learn (Byju’s).
Rising smartphone penetration and affordable mobile internet have transformed India into a digital-first economy. As a result, tech startups are the biggest beneficiaries of this trend.
[ad_2]
Source link
