New Delhi: Startups India received $ 16.9 billion in venture capital funds in 2021, then only for Chinese colleagues in the Asia-Pacific countries (APAC), global said on Friday.
“Although the third wave of Covid slaughtered large and slow economic recovery, Ventura (VC) investors appeared to be repositioning faith in the Indian startup ecosystem.
In fact, Startup India only stood next to Chinese colleagues in terms of VC funding value among Apac countries during January As of July 2021, “said data and leading analytical companies.
Data base analysis of the global financial offerings revealed that a total of 828 VC funding transactions were announced in India during January-July 2021, while the total funding value disclosed from this agreement reached $ 16.9 billion.
Some of the famous VC fund offers announced in India during January-July 2021 included $ 3.6 billion collected by Flipkart, $ 502 million which was appointed by Mohalla Tech (Sharechat), an increase in Zomato’s capital of around $ 500 million, and $ 460 million Appointed by thinking and learning (BYJU)).
The increasing penetration of smartphone and affordable cellular internet has turned India to become a digital first economy.
As a result, technology startup is the biggest beneficiary of this trend.