Venture capital investments reached $10 billion in 2020
By IANS |
Published on
Wed, Mar 17 2021 11:48 IST |
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Growth chart. (File Photo: IANS). Image Source: IANS News
New Delhi, March 17 : Despite the Covid-19 pandemic, India witnessed continued momentum in venture capital (VC) money flows with total deal value reaching $ 10 billion in 2020, the highest across all years barring 2019, according to Bain & Company s India Venture Capital Report 2021.
India maintained its robust position among the top five startup ecosystems globally, with 7,000 new startups founded in 2020 along with the emergence of 12 new unicorns to take India s unicorn tribe to 37.
The report, done in partnership with Indian Private Equity & Venture Capital Association (IVCA), highlights the dramatic impact of Covid-19 in accelerating digital trends, which was reflected in VC money flows and the emergence of new and digitally founded business models across sectors.