Start-ups raised a record $24.1 billion in 2021: study
The Hindu
Two-fold rise from pre-COVID levels, according to a new study by NASSCOM and Zinnov.
Start-ups raised a record $24.1 billion in 2021, a two-fold increase over pre-COVID-19 levels, according to a new study by NASSCOM and Zinnov.
According to the study, ‘Indian Tech Start-up Ecosystem: Year of The Titans’, more that 2,250 start-ups were added in 2021, over 600 more than what was added in the previous year.
The study said: “Start-ups raised USD 24.1 billion in 2021, a two-fold increase over pre-COVID levels. In comparison to 2020, there was a 3X increase in the number of high value deals (deals > USD 100 million), demonstrating investor confidence with a pool of active angel investors of 2400+ and a readiness to take significant risks.”
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