Startups receive 16.90 billion in funding in first seven months of 2021

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Mumbai: In 2021, Indian startups have so far received ૬ 16.50 billion in venture capital (VC) funding. India is the second largest venture capital funder in the Asia-Pacific region after China.

A third wave of Corona is approaching and despite the slowdown in economic recovery, venture capital investors continue to trust Indian startups, a report said. In the current calendar year, India is the second largest Asia-Pacific country after China in terms of January-July, while startups have seen large venture capital funding.

In the first seven months of 2021, a total of nine VC funding agreements have been announced, with a total investment value of 16.50 billion.

Some world markets saw a decline in VC funding in July, while India saw an increase. India has now become a digital first economy due to the increase in mobile usage and affordable internet service. Because of this, start-ups in the technology sector are benefiting the most from VC funding.

India is the third largest country in the tech unicorn sector globally after the US and China. During the Corona era, VC investors showed interest in funding startups such as e-commerce, food delivery, Adtech and digital payments, the report said.

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