Cash-rich: Funding flows in fast for start-ups; $12.1-billion investment by VCs in first 6 months of year

Data sourced from market research firm Venture Intelligence revealed that VC (venture capital) investment in start-ups touched a whopping $12.1 billion in the first six months of the year alone.

Ola just bagged a big $500 million from investors. Earlier in the week, Social commerce start-up DealShare closed a chunky $144-million funding round led by Tiger Global, while fintech player Pine Labs raised a fresh $315 million from a clutch of investors. Indian start-ups seem to be on a fundraising spree; faster adoption of technology in a Covid-hit world has nudged a slew of investors to back internet firms.

In fact, data sourced from market research firm Venture Intelligence revealed that VC (venture capital) investment in start-ups touched a whopping $12.1 billion in the first six months of the year alone.

This compares to just a little over $5 billion that companies managed to garner during the January-June period last year. The space added as many as 16 unicorns across segments so far this year against about 11 unicorns it added in the whole of 2020.