India has emerged as the third largest startup ecosystem...Read More
Due Diligence Perspective for Startup - January 2022
India has emerged as the third largest startup ecosystem in the world after US and China and the momentum of growth is continuing unabatedly. Startup India, initiative of the Government of India, and internet have paved the way for thousands of startup to rise over the past decade, address unique problems, transform entire industries and create new segments.
Fueling this rise has been rapid funding growth – as per data processed from Tracxn, funding increased from $5.5 billion in 2014 to $15.6 billion in 2019 and $12.2 billion in 2020. This trend accelerated in 2021 with $24.2 billion funding during first nine months of 2021 including over $10 billion in Q3 of 2021 across 350 deals.