Startups have invested 6. 6.5 million - IdeapreneurIndia-Entrepreneur's Daily Dose

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Wednesday, January 19, 2022

Startups have invested 6. 6.5 million

Startups have invested 6. 6.5 million

 

Startups have invested 6.5 million

160 transactions completed in June quarter; 11 companies included in the Unicorn Club

The country's startups received 6.5 million in investments in the April-June quarter of the current calendar year, while 11 startups joined the prestigious Unicorn Club, with Unicorn valued at more than  10 million, according to a report by Nasscom-PGA Labs.

According to the report, 160 transactions in startups were completed in the second quarter. They are two per cent higher than the January-March period. The report says, "The second quarter of 2021 has been attractive for startup growth. Startups received the most funding this quarter. During this time, the number of unicorns increased the most. In the second wave of covid-19, the Indian startup ecosystem showed its fighting spirit. ”

Indian startups received  65 million in investments in the June quarter. It grew by 71% on a quarterly basis.

Abhishek Maiti, Director, Competitive Intelligence, PGA Labs, said, "Indian startup ecosystem with 53 unicorns performed very well in the April-June quarter till June 2021. Maiti said that after the release of the lockdown restrictions, the Indian market is looking good in the next half as well.

Received the most funding

The biggest transaction of the quarter was food delivery platform Swiggy. Swiggy, meanwhile, raised 800 million. Sharechat raised  502 million, Baijus  340 million, PharmaG  323 million and Misho  300 million.

Pine Labs raised  285 million, Delhi  277 million, Jeta  250 million, Credit  215 million and Urban Company  188 million.




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