Indian start-ups roar back to business in H1 2021
New Unicorns are springing up everywhere across the country as sector ranks second in terms of venture capital funding value in APAC.
After a tough year of raising funds and dwindling businesses, Indian start-ups are back with a bang in 2021 – with the category ranking second in terms of venture capital (VC) funding value among the Asia-Pacific (APAC) countries during January to May this year.
While the first half of 2020 closed at $5.2 billion across 390 deals for Indian start-ups, in H1 2021 (January to June 2021), the total funding raised by Indian start-ups hit a historic peak of $10.8 billion raised over more than 600 funding deals.
The total start-up funding in the first half of 2021 is already 95% of the total funding amount raised in all of 2020. With the entrepreneurial economy gathering traction across India once again, the start-up ecosystem has been able to demonstrate its resilience and leverage the wave of digitization that Covid-19 has resulted in.
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