The startup ecosystem in Delhi-NCR witnessed a strong capital infusion in the first eight months of 2021, with $6.7 Bn raised across 270 funding deals
The capital infusion was over three times the funding amount ($2.2 Bn across 162 deals) raised in the same period last year in Delhi-NCR
Fintech startups witnessed the highest number of funding deals (48), followed by ecommerce (45) and edtech (32)
As the Indian startup funding hit an all-time high with $26 Bn raised in the first eight months of 2021, the startup ecosystem in Delhi-NCR witnessed a strong capital infusion in the same period, with $6.7 Bn raised across 270 funding deals.
The capital infusion was over three times the funding amount ($2.2 Bn across 162 deals) raised in the same period last year by the Delhi-NCR startup ecosystem.
In the same period, the Bengaluru startup ecosystem which is touted as Silicon Valley of India saw $14 Bn in total funding across 352 deals.
With nine mega funding rounds ($100 Mn and above) in startups such as OYO, Pine Labs, Zomato among others, the month of July witnessed the highest capital inflow in Delhi-NCR, showcasing the stupendous growth the sector is witnessing in the digital transformation era amid the pandemic.
When it comes to sector-wise breakdown, fintech startups witnessed the highest number of funding deals (48) in the Delhi-NCR region, followed by ecommerce (45) and edtech (32). The deal count was the highest in the lending tech segment, accounting for 38% of the total deal count in the fintech sector.
Some of the biggest deals in the fintech space were Pine Labs, BharatPe, OfBusiness, while startups such as Lenskart, Droom and Spinny led the funding charts in the ecommerce sector.
In the first eight months of 2021, several startups from Delhi-NCR earned the unicorn status including Urban Company, Grofers, Moglix, Droom, OfBusiness, BharatPe and Innovaccer.
The year is also witnessing some big-ticket initial public offerings (IPOs) coming from the Delhi-NCR ecosystem. While Zomato has already entered the fray with a stellar IPO on June 23, digital payments giants Paytm, digital transaction platform MobiKwik and others are in the fray to launch their IPOs soon.
