1947 Tech 🇮🇳: 185
More on 2021!
1. Indian startups raised $38 billion in 2021: Entrackr report
Money flowed into Indian startups in 2021 like never before. The ecosystem broke all the previous records in terms of fundraising and minting unicorns during the 12 month–period. According to data compiled by Fintrackr, total investments that flowed into Indian startups stood close to $38 billion in 2021. This is over three times more than the $11.1 billion in total funding that startups received during 2020.
Fintrackr’s data further shows that 1,391 startups mopped up $37.98 billion across 1,625 deals in 2021 which included 380 growth and late-stage startups and 948 early-stage startups. Among them, 297 startups, mainly early-stage, did not disclose their deal size.
2. How India’s unicorns galloped into 2022, in charts
In the first week of 2022, two more Indian internet startups, Mamaearth and Fractal Analytics, turned unicorns, or reached a $1-billion valuation. Seven more, each valued at over $600 million, are priming themselves, including Ecom Express, OneScore and Jupiter Money, according to Venture Intelligence. This is the momentum continuing from 2021: last year, India added 44 unicorns, two more than the cumulative count of the nine previous years. After the US and China, India now has the most unicorns.
Worth your attention:
KKR & Co is set to make Livspace a unicorn Link
OneCard Issuer FPL Technologies Raises $75 Million At $750 Million Valuation Link
Gold Loan Platform Rupeek Raises $34 Mn Led By Lightbox Link
Exclusive: Moglix in talks to raise $150–200 Mn at $2.5 Bn valuation Link
Fintech Startup Pine Labs To Seek $500 Million in U.S. IPO Link
TVS Capital Funds To Lead Next Round In Google-backed Open At A Valuation Of $1 Billion Link
Reliance Retail leads $240 Mn round in Dunzo Link
EXCLUSIVE: Ola Co-founder Ankit Bhati Launches New Startup Amnic With Former Colleagues, Ropes In… Link