
The flow of cash to Indian Start-Ups seems to remain unaffected despite the pandemic affecting the economy badly. The study carried out by renowned research institute Inc42 has reported that a sum of 1,150 crore dollars reached Indian Start-Ups in 2020 across 924 different deals. There has been 14 percent rise in the number of deals compared to the previous year.
The total funding for Start-Ups in the country has reached 7,000 dollars in the last 7 years. 5985 deals have been completed so far in the country.
Bengaluru leads the list of Indian cities both in terms of Start-Ups and funding. Bengaluru Start-Ups completed 333 funding deals last year. Kochi features in the list of top 10 cities with 7 deals completed. Over a dozens deals have been completed in whole of Kerala, including Kochi. If the list of all Kerala Start- Ups are taken into consideration, then this figure would be more than 20.
Financial, Educational Start-Ups received the largest flow of capital. Byju’s, owned by Kannur native Byju Ravindran, leads in the Ed Tech category. Byju’s had taken over WhiteHat Jr for 30 cdore Dollars.
Published: 06 Jan 2021, 01:29 am IST
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