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The need to balance growth and profitability is higher than ever after a record-breaking 2021 for startups
Dear reader,
Three years, 36 months and 1096 days — 2018, 2019, 2020. These were some of the most critical years for Indian tech, but 2021 eclipsed them in less than 365 days and under 12 months.
When people talk about inflection points, this is what they mean. Not hockey stick growth, this is The Great Wave off Kanagawa, dwarfing the ones that came before it. And to think, this year has a couple of more weeks to go, to really drive home this record-breaking run.
Here’s the headline: Indian startups have raised more than $39.3 Bn in 11-and-a-half months of 2021 over nearly 1,500 deals. We have seen 40 new unicorns this year, and through IPOs, over $7.3 Bn was raised by tech startups through the public markets.
