India on the trajectory of an economic powerhouse

The success of Indian startups in turning into unicorns (valued at $1 billion or more) and the massive global private equity investment drive last year increased the interest of global investors in the economy’s startup ecosystem even though it was a pandemic year. According to data analysed by consulting firm Praxis Global Alliance, around 59 international investors made their first-time PE-VC investment in India in 2020, despite curbs on Chinese investment due to border tensions. The corresponding number stood at 43 in 2019. The data showed that the top 10 new global investors in 2020 participated in around $7 billion worth of deals while it was $1.2 billion in 2019.

The full article was originally published on The Daily Guardian