Indian Startups Raised $63 Bn During 2016-20: Report

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Indian startups raised $63 bn during 2016-20: report

01 Oct 2020

1 min read

Indian startups have raised close to USD63 billion during 2016-20, shows a report by Praxis Global Alliance and Indian Private Equity & Venture Capital Association (IVCA).

Titled Overview of Indian Startup Ecosystem, the report said India has emerged as the third largest tech startup hub in the world in view of the investments raised by startups. During 2019, USD 34 billion was invested in Indian ecosystem with an additional USD 17 billion in 2020 (till May). In particular, tech-enabled players continue to drive investor’s interest and have dominated the early stage funding landscape in India.

The full article was originally published on Entrepreneur India.

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