In spite of the COVID-19 pandemic, Indian startups fared quite well in raising funds in 2020. A new report says they received an estimated US $10.14 billion in funding across more than 1,200 deals.
The report by consulting firm HexGn, as reported by news agency PTI, said even though the total investment received in 2020 was lower than that of 2019 ($14.5 billion), the number of deals were higher by 20%, the report said.
It added that weathering negative sentiments, seed stage investment deals grew by 50% from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020, which was a “good sign”.
via www.livemint.com
