Private Capital
Despite pandemic constraints, Indian startups to see surge in fund-raise this year
06 May 2021
The Indian startup ecosystem is leveraging its optimum digital products and services in the backdrop of a tough environment created by the pandemic. The onset of the current second wave of the pandemic in April 2021 was also the season of unicorns in the country. April 2021 saw six new startups that were labeled as unicorns with a valuation of $1 billion or more. This now takes the total number of unicorns in the country to 32.
As per a recent report by Atom Privé, a wealth management firm, the current pandemic has exacerbated the growth of the internet-using population and has provided opportunities for startups to explore the sectoral horizon expanding into edtech, fintech, healthtech, consumer services and the enterprise technology space in the country.