Indian start-ups attract $10.14bn in funding
January 27, 2021
Indian start-ups estimated to have $10.14bn in funding across more than 1,200 deals in 2020 despite the pandemic. Even though the investment received in last year is lowest than 2019, the number of deals were higher by 20 percent.
This year is a good sign for people entering in the start-ups, as the early age investors are keen to back risk takers early on. This can be attributed to the work done by agencies to boost investor confidence and businessman culture.
Globally start-ups raised over $308 billion in funding. Delhi NCR and Mumbai raised 90% of the funding in the country, signaling concentration of investors in these regions.
The biggest gainer was the edtech that grew four times this year from $380 million in 2019. However, sectors like transport, logistics and tourism saw a drop in investments last year.
Start-ups that gained maximum funding in 2020 include Zomato, Byju’s Phonepe, Unacademy & Ecomm Express.