Illustration: Rahul Awasthi
Indian startups acquired $16.9 billion of enterprise capital funding in 2021, subsequent solely to Chinese language counterparts within the Asia-Pacific (APAC) nations, GlobalData mentioned Friday. “Regardless of the third wave of COVID-19 pandemic looming giant and gradual financial restoration, enterprise capital (VC) buyers appear to be reposing religion within the Indian startup ecosystem. The truth is, Indian startups stood subsequent solely to Chinese language counterparts by way of VC funding worth among the many APAC nations throughout January to July 2021,” the main knowledge and analytics firm mentioned.
An evaluation of GlobalData’s monetary offers database reveals {that a} complete of 828 VC funding offers have been introduced in India throughout January-July 2021 whereas the whole disclosed funding worth of those offers stood at $16.9 billion.
A number of the notable VC funding offers introduced in India throughout January-July 2021 embrace $3.6 billion raised by Flipkart, $502 million raised by Mohalla Tech (ShareChat), Zomato’s capital elevating of round $500 million, and $460 million raised by Assume and Study (Byju’s).
Aurojyoti Bose, Lead Analyst at GlobalData, mentioned: “Whereas a number of the high key markets globally witnessed a decline in VC funding worth in July in comparison with the earlier month, India managed to showcase progress regardless of a decline in VC funding deal quantity.”
Rising smartphone penetration and inexpensive cellular Web have reworked India right into a digital-first financial system. In consequence, tech startups are the most important beneficiaries of this pattern.
“In line with GlobalData’s analysis, India has the third-largest tech unicorn ecosystem on the planet, behind the US and China. Through the COVID-19 pandemic, VC buyers are evincing curiosity in startups throughout themes corresponding to e-commerce, social media and social networking, meals supply, edtech, and digital funds,” Bose mentioned.
India, Bose mentioned, stays one of many key APAC markets by way of VC funding exercise and is the second high marketplace for VC investments within the area after China. “With progress in vaccination within the nation, VC buyers are seen committing big-ticket investments.”
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