Indian startups raised nearly $10B VC funding over H1 2021

India managed to account for 18.4% and 14.1% of the region’s total deal volume and value

Indian

Indian startups raised nearly $10B VC funding over H1 2021. Source: pexels.com

GlobalData has found that Indian startups followed Chinese counterparts in terms of VC funding activity among the APAC countries during the H1 of 2021.

In fact, a total of 635 VC funding deals were announced in India during the period while the corresponding disclosed funding value of these deals stood at $9.7 billion.

An analysis of GlobalData’s Financial Deals Database reveals that VC funding activity in June 2021 witnessed the rise, compared with January 2021. Nevertheless, the months in between showcased a fluctuating activity.

Most of the months during H1 2021, except May, experienced growth in deal value while February and May were the two months that experienced a decline in deal volume.

Despite the fluctuating activity, India managed to account for 18.4% and 14.1% of the region’s total deal volume and value, respectively, during January-June 2021.

Considering the second wave of the COVID-19 pandemic, VC investors were seen shying away from committing big-ticket investments in India during H1 2021. Nevertheless, some of the startups in the country still managed to gain investors’ traction amid the challenging times
Aurojyoti Bose, Lead Analyst at GlobalData

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