InvestorQ : Are Indian start-ups still able to raise funds after the pandemic?
Lavanya Subramanian made post

Are Indian start-ups still able to raise funds after the pandemic?

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Anamika Sodhani answered.
3 months ago
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The surprising part is that the pandemic and even COVID 2.0 has hardly had any impact on the start-up scenario in India. You can take the numbers for Jun-21 quarter, which was the peak period for COVID 2.0. During this quarter, Indian start-ups received $6.5 billion in funding from various PE firms and even HNI investors. During this period, India added another 11 players to the Unicorn Club with indicative valuations in excess of $1 billion.

Even if you look at the number of deals, they were pretty impressive at 160 funding deals closed in the quarter. If you compare it with the deal in the March quarter, funding deals were up by nearly 71% sequentially. Some of the big deals included $800 million raised by Swiggy from Softbank, $502 million by ShareChat, $340 million by Byju's and $323 million by PharmEasy. There are many more but India now has a total of 53 home-made Unicorns.

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