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Everything about India’s unicorn hunters of 2021 | KrASIA Year in Review
A total of 40 unicorns were created in the first 11 months of this year, as investors pumped over USD 30 billion of venture capital into India.
8 mins read
Sequoia Capital
Investment apps like Ajaib and Pluang have already collected tens of millions of venture funds this year.
The unicorn is reportedly eyeing a US public listing later this year.
Sequoia Capital inked 78 funding deals in India in 2020, pumping in USD 368 million in homegrown startup.
The investors who KrASIA spoke with said, in the hindsight, there has never been a better year for tech startups than 2020.
The Indian startup ecosystem has bounced back on the back of increasing tech adoption in the world’s second-most-populous country.
The company said it saw a huge increase in demand following the pandemic and the rapid migration to digital technologies by SMEs as well as traditional offline businesses.
The startups of the cohort have collectively raised USD 45.35 million from Surge and other investors.
China is willing to work with other countries to seize the historical opportunities of the information revolution: President Xi.