When a large corporation puts money into a small startup, huge innovations can result — like the rapid-fire development of a Startups Ecosystem.
H1 2021, Indian startup funding touched $10.15 billion, already exceeding the $9.94 billion raised in the whole of last year.
This was raised across 543 deals from around 1,020 active investors in the ecosystem. In H1 2021, 491 unique startup deals were observed, of the total 543 deals.
Going forward, Indian startup funding is expected to touch record levels this year , with startups likely to raise anywhere between $12 billion and $17 billion funding by the end of 2021, according to YourStory Research.
In the first six months of 2021, 15 startups attained the coveted unicorn status as well while Nazara launched its IPO, the report said.
While the coronavirus pandemic taught us valuable lessons, it also pushed startups to take a harder look at business models, revenue streams, and innovations, it added.
India may be faced with an uncertain economic environment after being ravaged by a deadly second wave of the COVID-19 pandemic, but that hasn’t deterred global and domestic investors from ramping up the pace and quantum of their investments into the Indian startup ecosystem.
A year later, when we evaluate the impact of the pandemic on the entrepreneurial ecosystem, it has to be said that entrepreneurs led the recovery from the front
and are now poised to lead India into an entirely new direction, it said.
As per the report, In H1 2021, 491 unique startup deals were observed, of the total 543 deals. Unique startup count in H1 2021 has already been equivalent to more than 50 percent of total number of unique startups funded in 2020 (746). At the same time, H1 2021 unique startup deal count is the second highest between H1 2015-H1 2021, second only to 2016 when 515 unique funding deals were seen. The startups which raised the highest number of deals in H1 2021 were BharatPe (4), BYJU’S (4) and MediBuddy (3).
