Indian startups received $17.2 bn VC funding during January-July

Indian startups have received $17.2 billion investment from venture capital (VC) firms during January-July 2021, according to data released by the Indian Private Equity and Venture Capital Association (IVCA) and Venture Intelligence (VI).
Dollar spending on technology
This is much higher than the $11.1 billion and $13 billion investments made by VC firms in 2020 and 2019, respectively.

VC funding included seed to series F investments in companies less than 10 years old, and late stage tech investments.

Some of the VC deals included those in Udaan, Lenskart, Zomato, Swiggy, PharmEasy, Meesho, Pine Labs, Zeta, Cred, RazorPay, HealthifyMe, Byju’s, Unacademy, Eruditus, Vedantu, Dunzo, Bira 91, Boat, Mamaearth, MyGlamm, Uniphore Software Systems, Yellow.ai, Entropik and others.

“The strong deal flow is expected to continue in the latter half of the year with movement forecast in the AI/ML, Edtech and food tech space,” IVCA said.

The report said the average VC deal cheque size expanded in 2021 across stages when compared to 2019-20.

The amount put in seed funding was approximately $1.8 million compared to $1.2 million in 2019.

The amount invested in series A and B funding witnessed a marginal increase with $6.8 million investment, across 110 deals till now.

The growth stage deals almost doubled this year — $7.5 million in 2021 whereas it was close to $4.9 million in 2020.

The average amount infused in the late-stage tech ecosystem till July in 2021 was $217.57 million across 38 deals.

SoftBank Corp led the charts with approximately $3.5 billion worth of investments in the past three years, followed by Tiger Global, Temasek, Sequoia Capital and Prosus Ventures.