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.
Read More at https://www.indiaglobalbusiness.com/industry/economy/indian-start-ups-roar-back-to-business-in-h1-2021
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