Technology and Internet
Indian startups raised $6.5 bn in April-June 2021, 11 unicorns created
23 Aug 2021
Indian startups received $6.5 billion in funding in the April-June 2021 quarter, with fintech upstarts cornering over a quarter of the incoming capital.
Besides, eleven startups joined the unicorn club during the three-month period.
"Q2 2021 has been impeccable for the startup growth story. From being the most funded quarter, it has also added the most number of unicorns,” according to the Nasscom-PGA Labs report. “Standing tall during the pandemic second-wave headwinds, Indian startup ecosystem has shown a strong resilience in this quarter.”
About 160 funding deals were closed in the three months to June 30, up 2% from the January-March period, while fundraising rose 71% to $6.5 billion.