Investors pour $9.3 billion into Indian startups, a decline as compared to 2019 data shows
FirstpostIn 2019, domestic startups had raised a total of $14.2 billion from January 1 to December 23. Investors have poured in about $9.3 billion into Indian startups so far in 2020 despite the Covid-19 pandemic upending many sectors of the economy, data from industry tracker Tracxn showed. This is a decline as compared to 2019 when domestic startups had raised a total of $14.2 billion across 1,482 rounds from January 1 to December 23. In December alone, more than $1.5 billion was invested across companies including food delivery app Zomato, logistics player Delhivery, and InMobi’s Glance. Although the number of funding rounds fell to its lowest in five years in 2020, the amount raised was higher than 2016 and 2017, when investors chipped in $3.51 billion and $6.43 billion respectively.