Indian startups increase USD 10.9 bn in funding in Jul-Sep: PwC India report

Indian startups increase USD 10.9 bn in funding in Jul-Sep: PwC India report

Indian startups acquired a file funding of USD 10.9 billion throughout 347 offers within the third quarter of 2021, in accordance with a PwC India report.

That is twice the quantity of funding acquired in Q3 of the calendar 12 months 2020 and an approximate enhance of 41 per cent in comparison with the second quarter of 2021.

A rise in funding exercise was witnessed throughout all sectors when it comes to worth and quantity.

 

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Nevertheless, FinTech, EdTech and SaaS are the highest three sizzling funding sectors within the calendar 12 months 2021 (CY21), collectively accounting for about 47 per cent of the full funding exercise, the report – Startup Views – Q3 CY21 – mentioned.

Within the first three quarters of 2021, investments price USD 4.6 billion within the FinTech area had been recorded, which is a rise of roughly thrice from USD 1.6 billion in 2020.

Investments price USD 2.5 billion for 53 offers closed within the FinTech section had been recorded within the third quarter of CY21 alone throughout varied levels of funding, it mentioned.

Roughly 84 per cent of the funding exercise was pushed by development and late-stage offers. Round 61 per cent of the full deal exercise consisted of early-stage funding rounds for USD 1.6 billion (common ticket measurement per spherical USD 4 million), the report mentioned.

Bengaluru and NCR proceed to be the important thing start-up cities within the nation, collectively contributing round 76-78 per cent of the full funding exercise within the first three quarters of each CY20 and CY21, adopted by Mumbai and Pune, it mentioned.

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