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New Delhi 13 days ago
Amid epidemic challenges, investments in the country’s startups will reach 9.3 billion by 2020. According to a report by consulting firm Trekkanchra, Indian startups have halved their investments this year from a record 14 to 14.5 billion in 2019. There were 1185 transactions last year. While 1088 transactions were concluded this year. In 2020, there were 20 deals (26 deals) worth 100-100 million. While transactions worth 50-50 million fell to 13 (27).
The highest investment of 20 to 20 billion was recorded in the Geo platform. Investments in startups increased in the second half of the year. Eleven Indian startups, including ResorPay, Glance and Unacademy, became unicorn startups in 2020. The world’s biggest tech companies like Google, Microsoft and Facebook are more interested in Indian startups. Amid border tensions between China and India, Alibaba and Tencent have made negligible investments in India. Startups in segments such as innovation, technology, and healthcare have attracted investors.