Bengaluru-based tech companies raised record levels in the first three quarters of this year with $7.5 billion in VC funding -- up from $5.2 billion in 2021, a report showed on Wednesday.
Even as the world was crippled by the pandemic in 2020, ventures like Pharmeasy, CRED, Groww, Digit Insurance, to name a few, raised a whopping $12.1 million in India.
Active VC funds in India, which have been on a steady growth trajectory over the last four years reached a total of about 520 in 2020.
Jio Platforms raised a total of Rs 1.52 lakh crore from companies such as Facebook, Qualcomm Ventures, Google etc in mid-2020, when COVID-19 cases were rising every day.
Even as concerns get raised about the Chinese play in Indian startups, the report said that only one investor from the country's northern neighbour Tencent Holdings features among the top unicorn backers.
