Startups see 37% more first-time global backers indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The year 2020 recorded venture capital and private equity investments worth $41 billion across 831 deals. The surge in deal value was primarily supported by telecom and retail segments with Reliance Jio and Reliance Retail alone receiving $16 billion VC and PE investment, according to a new report by Praxis Global Alliance, a global management consulting and advisory firm. 2020 has been a historical one with Covid impacting all geographies and industries. However, despite the pandemic, the Indian growth story remains strong. India is expected to be the third-largest economy by 2030 with a GDP (gross domestic product) of $7 trillion in 2030, said the report. It has seen robust activity both in public and private markets.
Small VCs making a beeline for start-ups: Report
PTI
Mumbai |
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Infused $341 million into domestic start-up ecosystem over past three years
Investments into the start-up ecosystem by micro venture capital funds, investments under $30 million, have jumped manifold to $341 million in the past three years, says an industry report. In the past decade, micro VCs have emerged as promising players in the domestic start-up investor landscape, providing the much-needed risk capital as well as hands-on mentorship to their portfolio companies as they seek to achieve product market fit and become ready to scale with stable business models. The number of micro VCs rose to 88 funds in 2020 from just 29 in 2014. The increase in the number is driven by the booming start-up ecosystem, says a joint report by the Indian Private Equity and Venture Capital Association (IVCA) and Amazon Web Services (AWS), along with Praxis Global Alliance.
Read more about Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years on Business Standard. With the startup ecosystem blooming in India, the number of such funds rose from 29 in 2014 to 88 funds last year
Mumbai, Feb 19: Investments into the startup ecosystem by micro venture capital funds, investments under USD 30 million, have jumped manifold to USD 341