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News In Brief Startups

Indian Start-ups raised over $7 Billion in Q4 2021

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Indian Start-ups raised over $7 Billion in Q4 2021
12 Feb 2022
5 min read

News Synopsis

According to a report of NASSCOM and Praxis Global, Indian start-ups have raised more than $7 billion during the fourth quarter of 2021, 18% higher than the previous sequential quarter. It revealed that fintech and retail tech were the top sectors in the fourth quarter of 2021.

The report also included that a total of 14 new unicorns were added to the Indian tech start-up ecosystem in the fourth quarter as well. 6 out of 14 unicorns are from the retail and fintech sectors

A startup with a valuation of more than $1 billion is called a unicorn. According to the reported funding in the fourth quarter continued to be strong and steady, and about $7.2 billion in funding was received in this quarter. 

India continued to see strong acceleration both in the volume and the multiplicity of the startups in 2021. The fourth quarter remained strong for the startup ecosystem with historic 14 startups added to the unicorns list.