Investors pour $9.3 billion in Indian start-ups despite pandemic

Investors have infused about $9.3 billion into Indian start-ups till now in 2020 regardless of the Covid-19 pandemic upending numerous sectors of the economy, information from industry tracker Tracxn appeared.

In December alone, more than $1.5 billion was contributed across organizations including food delivery application Zomato, logistics player Delhivery, and InMobi’s Glance, even when deal closures normally delayed as things wind down for the year. The ventures have been spread across 1,088 financing rounds, as indicated by the Tracxn information shared to Economic Times.

In 2019, domestic start-ups had raised a sum of $14.2 billion across 1,482 rounds from January 1 to December 23.

Despite the fact that the quantity of funding round tumbled to its least in five years in 2020, the sum raised was higher than 2016 and 2017 when financial specialists infused $3.51 billion and $6.43 billion, separately signaling proceeded with investor interest this year from both worldwide as well as the domestic investors.