wordpress blog stats
Connect with us

Hi, what are you looking for?

Indian startups raised $7.8 billion so far this year: Report

Indian startups have raised a total of $7.8 billion between January and April this year, the Economic Times reported. Startups in the country have already raised 70 per cent of the total funding received in 2020 ($12.1 billion) in the first four months of 2021, according to data from Pitchbook cited in the report.

When looked at in detail, in 2021, there has been 402 funding deals worth a total of $7.8 billion, according to Pitchbook. In the previous year, there were 1,114 deals worth a total of $12.1 billion. The average deal size $25.21 million so far in 2021, up from $14.94 million in 2020 and $18.41 million in 2019, the report said.

Apart from this, since January, around 13 startups have become unicorns or $1 billion companies. These include fintechs like CRED, Groww and Digit Insurance, software firms Gupshup and Chargeebee, consumer goods and services firms like Urban Company, Moglix and Meesho, in addition to ShareChat and Pharmeasy among others.

 

Advertisement. Scroll to continue reading.

Paytm is the highest valued venture-capital-backed startup with a valuation of $16.6 billion, followed by edu-tech Byju’s at $15 billion, hotel-tech firm Oyo Rooms at $10 billion and food-delivery giants Swiggy at $5.5 billion and Zomato at $5.4 billion, the data showed.

Also Read

Written By

Reports on banking, payments, fintech and crypto-curencies. Additional reporting on media regulations, data protection and other areas.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

News

It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...

News

Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ