Friday, 24 March, 2023

Indian startups raised $9.3 bn in 2020; $ 5 bn lesser than last year

<p>Indian startups are ending 2020 with about $9.3 bn, much lower than $14.5 bn fundraised last year. This is the first time since 2016 that Indian startups have raised less than $10 bn in a year. The total number of deals fell from 1,185 in 2019 to 1,088 in 2020. Rounds with deal size $100 mn or larger fell from 26 in 2019 to 20, and similarly rounds with a deal size of $50 mn to $100 mn fell from 27 to 13. 11 Indian startups, however, became a unicorn this year.</p> <p>&nbsp;</p>