If you follow us, you are aware of the unprecedented growth of the startup sector this year. In fact, according to PwC India’s report Startup Perspectives – Q3 CY21, Indian start-ups raised more than $ 10 billion between July and September this year.
Industry estimates indicate that Indian start-ups raised more than $ 24 billion in the first three quarters of 2021.
Yes, Indian companies raised a record $ 10.9 billion in 347 transactions in the third quarter of this year, the first time investment has exceeded $ 10 billion in a quarter. This amount is twice the amount of money received in the third quarter of 2010, 41% more than in April-June.
India is ahead of countries such as China, Canada and the United Kingdom in producing unicorns in the third quarter. In the third quarter, 10 Indian startups became unicorns, followed by 7 in China and Hong Kong, and 4 each in the UK and Canada. However, the United States topped the list of nearly 68 unicorns in the third quarter of this year.
The total number of unicorns also increased from 114 in 2009 to 371, the first three quarters of 2009.
Bangalore and NCR saw nearly 76-78% of total funding activity in the first three quarters of both CY20 and CY21, followed by Mumbai and Pune.
In addition, more than 84% of overall Q3 funding activity focused on growth or late-stage transactions, with 61% consisting of early-stage funding rounds.
FinTech, Edtech, and SaaS sectors accounted for nearly half of Q3 funding, according to the report, and that number speaks for itself. Given that the pandemic has allowed people to manage payments online, the growth of FinTech start-ups is nothing new.
In the fintech sector, funding raised in the first three-quarters of CY21 has almost quadrupled compared to the first three-quarters of CY20. In fact, 53 transactions were recorded in the third quarter of 2021, and this year more than six fintech companies (Digit Insurance, Five Star Finance, Cred, Grow, Zeta, BharatPe) have the coveted “unicorn” status. I got it.
Next is the education engineering sector, whose growth has been fueled by the transition to online education. As platforms such as Zoom, Microsoft Teams and Google Meet have become popular online classes, edtech startups like Byju have grown several times over. decacornByju will be India’s most valuable startup, and Eruditus, Vedantu and UpGrad will be unicorns.
The SaaS sector has grown and attracted the attention of investors around the world (Freshworks was recently listed on NASDAQ). Meanwhile, the resurgence of the food industry marked the evolution of Zomato’s spectacular IPO and Rebel Foods into unicorns. In addition, funding has increased nearly seven-fold in the B2B e-commerce sector, and the D2C retail sector is also growing.
Indian Start-up Raises Over $ 10 Billion in Q3 2009: Report
Source link Indian Start-up Raises Over $ 10 Billion in Q3 2009: Report