January 19, 2021
Will ride on rise in adoption of digitisation, new technologies, say experts Numbed by the pandemic, fund-raising by start-ups fell 35.9 per cent in 2020, but riding on a rise in adoption of digitisation and new technologies, this year is expected to be much better. The industry expects the sector to be on fire again, with a 50 per cent increase in fund raising in 2021 from last year and a 25 per cent rise from 2019.
“In 2020, fund-raising happened only during the first three and the last three months of the year. While markets grew due to rising adoption of digitisation, this year, we are expecting a whole lot of Initial Public Offerings (IPOs). Looking at the trend for three years 2017, 2018 and 2019 the rise in funsd-raising was about 25 per cent, and this year, it should be on similar lines,” said Rehan Yar Khan, managing partner at Orios Venture Partners.