Indian startups raise $12 billion till June
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Indian startups raised $12.1 billion from venture capitalists and private equity firms in the first six months this year, beating the last calendar year’s overall funding by $1 billion, Venture Intelligence data shows.
ETtech
Illustration: Rahul Awasthi
Mumbai: Indian startups raised $12.1 billion from venture capitalists and private equity firms in the first six months this year, beating the last calendar year’s overall funding by $1 billion, data compiled by Venture Intelligence shared with ET showed.
The continued flow of funds at steep valuations helped catapult a record number of startups into the unicorn club—privately held companies with a valuation of $1 billion or more.