VC funding in Indian startups touch $33 billion in 2021

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Hyderabad: With every passing year, Indian startups have continued to attract more venture capital (VC) funding. The Indian startup ecosystem witnessed a record fourfold increase in VC funding to $33.7 billion in 2021, according to GlobalData.

A total of 1,698 VC funding deals were announced in India last year, as per the analysis of GlobalData’s Financial Deals Database.

There was a jump of 52% and 302% in deal volume and value, respectively, in 2021 compared to the previous year. However, the month-on-month funding trend remained inconsistent throughout 2021. In fact, December witnessed month-on-month growth in deal volume but witnessed a decline in deal value.

“Despite the inconsistent trend, 2021 remained a great year for startups in India with the year also seeing the birth of a record number of unicorns,” said Aurojyoti Bose, Lead Analyst – GlobalData.

“Another interesting thing to note is the announcement of 85 deals with funding value more than or equal to $100 million, which accounted for just around 5% of deal volume but close to 70% of the funding amount,” added Bose.

Some of the notable VC funding deals announced during 2021 in India include $3.6 billion funding raised by Flipkart in July, $840 million raised by Dream Sports in November, $570 million funding raised by Fashnear Technologies (Meesho) in September and $500 million funding raised by Zomato in January.

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