The 2021 Indian startup funding bonanza continues. This year, startups have, so far, raised almost $20 billion in funding, saw 20 new unicorns, and witnessed two IPOs — Zomato and Nazara. And it’s only August.
In July alone, the Indian startup ecosystem raised almost $10 billion (including a mega-round of $3.6 billion raised by Flipkart), and added three new unicorns to its cap — almost equal to the total funding raised in the first six months of 2021, and more than the entire amount raised in 2020.
This increase in capital inflow is largely due to growing investor confidence in a more mature Indian startup ecosystem with more seasoned returning entrepreneurs, amidst a rise in more global innovations and solutions being built.
With more and more startups leveraging the ‘pandemic induced opportunity’, investors are not shying away to take risks and invest large sums of money in Indian startups.
This year has seen an increase in interest from global investors like Tiger Global and SoftBank.
Sanjay Mehta, Partner at 100X.VC, says, “This H1 funding has marked a historic high point for Indian investors.”
Read more to see the key factors boosting investor and founder confidence in 2021.
Read all about how the Indian startup ecosystem is battling the second wave of COVID-19 here.
Here are some useful tools to help you find the nearest vaccine centres in real-time.
You can also share a tribute to COVID-19 warriors, saviours, and survivors here.
The Interview
From using capital optimally to improving the health of Indians with home-based healthcare services, Deepak Sahni, Co-founder and CEO, Healthians, talks about the startup’s growth journey in this episode of Build & Grow: Money Matters, in association with HSBC.
Editor’s Pick: Indian craft beer brands vs COVID-19
Most craft beer brands saw a significant drop in revenue when COVID-19 hit India. The damage was seemingly irreversible. Or was it?
This International Beer Day, read how these craft beer brands survived one of their most challenging phases. Read more.
Startup Spotlight
This Vadodara startup is building charging infrastructures for EVs
In an increasingly aware world, concerted efforts are being taken to shift to electric vehicles. And one of the critical requirements in this transition is the presence of the right infrastructure.
Towards this, Vadodara-based CHARGE+ZONE is ensuring the availability and accessibility of a network of charging points for electric vehicles. Read more.
Illustration: YS Design
News & Updates
Before you go, stay inspired with…
“We are also starting to see a lot of the startups do well, and witnessing an IPO boom. So, money will continue to circulate in the Indian startup ecosystem as founders/CXOs plough back money. All of this is only good news for the startup founder going forward.”
— Sajith Pai, Director, Blume Ventures
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