Fundraise by India-focused VCs at five-year high: Report
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Fundraise by India-focused VCs at five-year high: Report
Sindhu Hariharan / TNN / Updated: Mar 17, 2021, 16:48 IST
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CHENNAI: After the pandemic-induced lull in the private investment landscape, 2021 is set to be a lucrative year for Indian startups' fundraising efforts.
India-focused venture capital (VC) funds raised $3 billion in funding in 2020 -- the highest in the last five years and almost 40% greater than the war chest they raised in 2019, a report on the Indian VC investment landscape released by Bain & Co on Wednesday shows.
Marquee VC firms such as Sequoia Capital, Elevation Capital, Falcon Edge, Lightspeed Venture Partners and others closed dedicated India-centric funds for investments in Indian startups in 2020.