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Foreign Investment In Indian Startups Down 35% In 2020

by Siddharth Chaturvedi Dec 29, 2020 • 06:57 PM Views 393

#COVID19 and #lockdown have wreaked havoc all over the world and India has also been hit hard. According to statistics, #investment in #Indianstartups has declined by 35% in 2020. According to data from consultancy firm Traxon, Indian startups raised $9.3 billion (about Rs 68,000 crore) in 2020. The figure is 35% lower than the funds raised last year. In 2019, Indian startups raised $14.5 billion (around Rs 1.06 lakh crore). Meanwhile, the number of deals reached 1,088 in 2020 as against 1,185 in 2019