Zomato, BYJU'S, Dream11 lead startups’ share of the $12 billion PE-VC funding in first three months of 2021
- Indian cos garnered $11.9 billion in funding across 199 deals as per data released by Venture Intelligence.
Startupsalone have made way for $4.2 billion in funding so far in 2021.
- The major part of the funding in the first three months came through the one deal – Dewan Housing Finance or DHFL’s $5.2 billion acquisition by Piramal Enterprises.
The large funding amount comes from a smaller number of deals as compared to the first three months of 2020, which had seen $6.5 billion in funding from 244 deals. This means that PE-VC firms have handed out larger cheques to a smaller number of firms so far in 2021.
Investment in startups alone have made way for $4.2 billion in funding so far in 2021, 40% higher than $3.5 billion in the January-March quarter in 2020.
Startups like BYJU’S,
The availability of funding is now more than ever before which has also led to a growth in startups, as pointed out in a recent report by Credit Suisse. “Startups are now 10% of new companies formed every year; helped by more funding,” said the report.
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