Startup funding in 2021 defied all odds, shows Nasscom report

January 21, 2022

In 2021, the Indian startup ecosystem raised $24.1 billion worth of equity investment of which 61% was raised by 42 companies that became unicorns, according to a report. The Nasscom Startup Ecosystem Report 2021 was launched by Union minister for commerce and industry Piyush Goyal and Nasscom president Debjani Ghosh.

In 2021, startups raised over 2x of what they raised in 2019 and 3x of what was raised in 2020, the report stated. As the country saw massive growth in the number of unicorns last year, Nasscom has zeroed down on 135 soonicorms which it expects will reach unicorn status within the next 2-3 years.

Read the complete article on Economic Times >

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