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Indian Start-up Raises US $ 10.9 Billion From July-September: PwC India Report

According to a PwC India report, Indian start-ups received record $ 10.9 billion in 347 transactions in the third quarter of 2021.

This is twice the amount of money received in the third quarter of 2020, an increase of about 41% compared to the second quarter of 2021.

Increased funding activity has been witnessed across all sectors in terms of value and quantity.

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However, FinTech, EdTech and SaaS are the top three notable investment sectors in 2021 (CY21), accounting for about 47% of total funding activity, the report-Startup Perspectives-Q3CY21-said. I am.

In the first three quarters of 2021, an investment worth US $ 4.6 billion in FinTech space was recorded. This is about a triple increase from US $ 1.6 billion in 2020.

An investment worth US $ 2.5 billion for 53 transactions completed in the FinTech segment was recorded in the third quarter of 2009 alone across various stages of the investment, he said.

Approximately 84% of funding activities were driven by growth and late-stage transactions. According to the report, about 61% of total trading activity consisted of early-stage funding rounds of US $ 1.6 billion (average ticket size per round was US $ 4 million).

Bangalore and NCR continue to be the major boomtowns in the country, contributing about 76-78% of total funding activity in the first three quarters of both 20 and 21 years, followed by Mumbai and Pune. rice field.



Indian Start-up Raises US $ 10.9 Billion From July-September: PwC India Report

Source link Indian Start-up Raises US $ 10.9 Billion From July-September: PwC India Report

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