Indian start-ups raised USD 6.5bn funding in2021

Indian start-ups raised about USD 6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said.

During the second quarter, 160 funding deals were closed 2% from the January-March period.

“Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has additionally added the most number of unicorns. Standing tall during the pandemic second wave headwinds, Indian start-up biological system has shown a solid resilience in this quarter,” the report said.

Funding brought up in June quarter was at USD 6.5 billion, up by 71% quarter-on-quarter.

The greatest deal during the quarter was the USD 800 million fund raise by food delivery platform Swiggy, trailed by ShareChat (USD 502 million), Byju’s (USD 340 million), PharmEasy (USD 323 million) and Meesho (USD 300 million), the report said.

Pine Labs raised USD 285 million, Delhivery USD 277 million, Zeta USD 250 million, Cred USD 215 million and Urban Company USD 188 million in the June 2021 quarter, according to the report.