Number of VC deals touches 983 with funding value of $20.5 bn in India

The number of venture capital (VC) deals in India has touched 983 during January-August 2021 with a disclosed funding value of $20.5 billion, reveals GlobalData.
Dollar spending on technologyIndia is an attractive Asia-Pacific (APAC) market and stands just next to China. Indian startups stood next only to Chinese counterparts in terms of VC funding value among the APAC countries during January to July 2021.

Some of the notable VC funding deals announced during January-August 2021 in India include $3.6 billion funding raised by Flipkart, $750 million funding raised by Zomato in two funding rounds, $502 million raised by ShareChat and $450 million raised by Verse Innovation.

The United States experienced month-on-month decline in VC funding value in August 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, said: “Despite COVID-19 pandemic looming large and slow economic recovery, the pace at which India has been creating unicorns in 2021 is a testimony to the growing investor interest in Indian startups.”