Indian Startups Lap Up $63 Billion Since 2016, Spawn 27 Unicorns

Private Capital

28 Sep 2020

The startups ecosystem has raised as much as $63 billion in growth capital between 2016 and 2020, when they spawned 27 unicorns, according to the data collated by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance. According to them, this makes India the third-largest tech startup ecosystem in the world. Of the total inflows, nearly half came in 2019 alone -- $3.

The full article was originally published on Bloomberg Quint.

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