Indian startups raise $9.7 bn VC funding during H1 2021: GlobalData

A total of 635 VC funding deals worth $9.7 billion were announced in India during the first half of 2021, according to GlobalData.
Dollar spending on technologyIndia managed to account for 18.4 percent and 14.1 percent of the Asia Pacific region’s total deal volume and value, respectively, during January-June 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, said: “Considering the second wave of the COVID-19 pandemic, VC investors were seen shying away from committing big-ticket investments in India during H1 2021. Nevertheless, some of the startups in the country still managed to gain investors’ traction amid the challenging times.”

Some of the notable VC funding deals announced during January-June 2021 in India were $502 million raised by ShareChat, $500 million funding by Zomato Media, $400 million raised by Dream11 Fantasy, $400 million raised by Dream Sports and $350 million funding by Byju’s.