‘2021 will be a watershed moment for India’s tech ecosystem’—here are the startup sectors VCs bet on
India’s tech ecosystem is riding into the new year with a lot of enthusiasm. There are multiple startup IPOs on the cards, investments are flowing in, and the spirit of recovering in a post-pandemic era is high.
In 2020, despite the coronavirus pandemic PE-VC (private equity and venture capital) deals hit $39 billion across 814 deals led by the onslaught of deals by Mukesh Ambani’s Jio Platforms and Reliance Retail.
And in 2021, Indian VCs (venture capitalists) believe that the investment deal flow will continue as global funds are eyeing a slice of the Indian startup ecosystem.
“2021 will be a watershed year for the tech economy in India. While foreign investors have been extremely bullish about it, domestic investors and even large corporates have been largely bystanders past 10 years waiting for the change to reach a certain critical mass. They will now jump in or be left out of the handsome gains that will be accrued in the next 10 years, by participating in the tech economy,” said Anup Jain, Managing Partner at Orios Venture Partners.