Indian Start-up Funding Increases Thrice in 2021 with Total Valuation of $39 Billion
In 2021, total funding for Indian start-ups will have increased thrice over the previous year, reaching $39 billion.
According to the most recent data from Tracxn, a business that tracks start-ups and private enterprises, while the total number of start-ups formed during the period was 3,476, about 1,700 companies saw 2,055 fundraising rounds.
This year, 40 of the 76 unicorns (each worth more than $1 billion) founded in India joined the club. In 2021, over 40% (85) of all 'soonicorns' (businesses with the potential to become unicorns in the near future) were formed.
Flipkart ($3.6 billion), Swiggy ($1.3 billion), Pine Labs ($600 million), Eruditus ($650 million), and Paytm ($1.1 billion) raised some of the largest rounds, excluding debt funding. Social platforms ($1.4 billion), foodtech ($1.3 billion), and K-12 edtech ($1.1 billion) topped the list of the top 15 company models that received the most funding from investors.
With $0.5 billion in funding each, sportstech, healthcare IT, and social commerce came in last. In 2021, the top three venture capital firms were Sequoia Capital, Accel, and Tiger Global Management, while the top three private equity firms were Temasek, Lightrock, and Westbridge.
Sequoia India's MD, Rajan Anandan, previously stated, “Ten years ago, we had less than a billion dollars of funding going into startups every year. This year, we will have over $30 billion. And I credit a large part of it to the extraordinary focus that our honourable PM and the government have had on startups. The real startup India movement started accelerating in 2015.”
According to the most recent data from Tracxn, a business that tracks start-ups and private enterprises, while the total number of start-ups formed during the period was 3,476, about 1,700 companies saw 2,055 fundraising rounds.
This year, 40 of the 76 unicorns (each worth more than $1 billion) founded in India joined the club. In 2021, over 40% (85) of all 'soonicorns' (businesses with the potential to become unicorns in the near future) were formed.
Flipkart ($3.6 billion), Swiggy ($1.3 billion), Pine Labs ($600 million), Eruditus ($650 million), and Paytm ($1.1 billion) raised some of the largest rounds, excluding debt funding. Social platforms ($1.4 billion), foodtech ($1.3 billion), and K-12 edtech ($1.1 billion) topped the list of the top 15 company models that received the most funding from investors.
With $0.5 billion in funding each, sportstech, healthcare IT, and social commerce came in last. In 2021, the top three venture capital firms were Sequoia Capital, Accel, and Tiger Global Management, while the top three private equity firms were Temasek, Lightrock, and Westbridge.
Sequoia India's MD, Rajan Anandan, previously stated, “Ten years ago, we had less than a billion dollars of funding going into startups every year. This year, we will have over $30 billion. And I credit a large part of it to the extraordinary focus that our honourable PM and the government have had on startups. The real startup India movement started accelerating in 2015.”
