TechSamvadJan 28, 2021 16:53:05 IST
Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20 percent, the report said. “Weathering negative sentiment, seed stage investment deals grew by 50 percent from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020. This is a good sign for people looking to plunge into startups, as early-stage investors are now keen to back risk-takers early on,” the report noted.
This can be attributed to the work done by Invest India, Startup…