Business Standard

Thursday, December 26, 2024 | 06:21 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

India got VC investments worth $10 bn last year, 7,000 new startups: report

Consumer tech and SaaS saw 'continued momentum' despite lockdowns to contain Covid-19, says report.

startups, unicorn, funding, fintech, MSME, listing, companies
Premium

Neha Alawadhi New Delhi
India got venture capital (VC) investments worth nearly $10 billion in 2020--the highest ever after 2019—when lockdowns to contain the spread of Covid-19 pulled down the economy, said a report on Wednesday. 

The "India Venture Capital Report 2021" said last year saw continued momentum in consumer tech and software as a service (SaaS). There was also significant fundraising activity with $3 billion raised by India-focused funds: a 40 per cent increase from 2019. This included marquee funds like Sequoia, Elevation Partners, Falcon Edge, and Lightspeed, which closed new funds for India investments despite the pandemic. 

"In terms of key sectors

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in