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Number of B2B tech start-ups that raised funds hit 2-year low in 2020
February 12, 2021
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The number of business-to-business (B2B) tech start-ups that raised funding in India has been on a decline for the last two years.
As per data from Tracxn a firm that tracks investments and financials of private companies and start-ups the number of B2B tech firms that garnered funding fell from 668 in 2018 to 619 in 2019.
The count dipped further to 538 firms in 2020. Start-ups that have been founded since 2010 have been considered for this analysis.
Rajeev Suri, Managing Partner, Orios Venture Partners, said this is because global B2B tech funding has not been flowing into India as much.