16 unicorns, $11bn funding: Indian startups rise sans Chinese money
Sun, Jul 25 2021 9:27 IST |
0 Views
RMB banknotes. (File Photo: Xinhua/IANS). Image Source: IANS News
New Delhi, July 25 : The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.
With 16 unicorns (startups with a valuation of over $1 billion) and more than $11 billion in funding, chiefly from the US-based investment firms (till June-end), the year 2021 has proved that Chinese investment is no longer needed in a self-reliant India amid the new normal.
The Indian tech startups started to shun Chinese investment in 2020 as desi corporates and wealthy individuals, along with investors from other countries, came onboard to fund the homegrown firms.
OnePlus aims to sell 25 mn Nord 5G units by 2023: India head
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
OnePlus aims to sell 2 5 cr Nord 5G units in 2 5 years
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Google Cloud eyes thriving Indian startup ecosystem amid IPOs
Sun, Jul 18 2021 10:51 IST |
4 Views
Google Cloud eyes thriving Indian startup ecosystem amid IPOs.. Image Source: IANS News
New Delhi, July 18 : It is raining IPOs in the thriving Indian unicorn/startup ecosystem and Google Cloud CEO Thomas Kurian is not only happy to see the growing startup community, but also aims to further bolster them with the cutting-edge Cloud technology.
In the first half of 2021, investors pumped in at least $10.8 billion in the Indian startups across 614 deals.
According to the Indian Tech Startup Funding Report, H1 2021 by Inc42, the capital inflow in Indian startups is likely to reach somewhere between $19 billion and $23 billion at the end of the year.