With an annual tally of 2021 startup funding estimated to reach $33.6 Bn. The Indian startup ecosystem is poised to make history this calendar year in terms of venture capital inflow. In the third quarter of 2021 (Q3 2021), Indian startups raised over $17.1 Bn, which is comfortably the highest amount raised in a given quarter in India ever since we began recording deals in 2014.
With unicorns becoming more common in India this year, the next phase for the Indian startup ecosystem will be about decacorns or those with over $10 Bn valuation. BYJU’S is the highest valued Indian startup presently with a valuation of $16.5 Bn, while the elite decacorn club also includes fintech giant Paytm ($16 Bn) and Walmart-owned Flipkart ($25 Bn).
Astonishingly, half of all startups that became unicorns this year achieved that mark in Q3 2021. Overall, India now has 68 unicorn startups which have a cumulative valuation of over $212 Bn and with over $62 Bn raised by these startups. By the end of this year the Indian startup ecosystem is poised to make history with $33.6 Bn in capital inflow across 1,481 deals, the highest annual funding in Indian startups till date.
Stay on top - Get the daily news from Inc42 in your inbox