Indian startup funding on track for a record 2021
By Tenzin Pema, Meha Agarwal & Naga Nagaraju
June 14, 2021, Updated on : Tue Jul 20 2021 04:41:26 GMT+0000
June 14, 2021, Updated on : Tue Jul 20 2021 04:41:26 GMT+0000
Indian startup funding is on track to hit record highs in H1 2021 and exceed 2020 levels, according to YourStory Research. Startup investments in Jan-May 2021 is at $8.76 billion, which is up 80 pct from H1 2020 levels and makes up nearly 81 pct of the total $9.94 billion raised in 2020.
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India may be faced with an uncertain economic environment after being ravaged by a deadly second wave of the COVID-19 pandemic, but that hasn’t deterred global and domestic investors from ramping up the pace and quantum of their investments into the Indian startup ecosystem.
According to January-May 2021 funding data analysed by YourStory Research, Indian startup funding is on track for a record year.
Startup investments in the first five months of this year alone (January-May 2021) have already touched a record high for this period at $8.76 billion, YourStory Research data show. That’s about 80 percent higher than the $4.85 billion raised in the first half of last year (January-June 2020).
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