India beats Pandemic, created 53 Unicorns in 2021
Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said.
During the second quarter, 160 funding deals were closed up 2% from the January-March period.
"Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has also added the most number of unicorns. Standing tall during the pandemic second wave headwinds, the Indian start-up ecosystem has shown strong resilience in this quarter," the report said.
Funding raised in the June quarter was at $6.5 billion, up by 71% quarter-on-quarter.
The biggest deal during the quarter was the $ 800 million fundraisings by food delivery platform Swiggy, followed by ShareChat ($502 million),...