Startups end FY21 on a high note as fund flows top in Q4

By Indiatimes6 days ago

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Bengaluru: A series of large financing rounds for some of Indias best-known startups has propelled the flow of risk capital into the sector to a high of $3.65 billion in the final quarter of 2020-21, marking an increase by over a tenth from the same period last year when funding had touched $3.22 billion, data sourced by ET shows.

The buoyancy in the last quarter of the fiscal contrasts sharply with the decline in annual risk capital inflow during a year hit hard by the pandemic, with overall startup funding for FY21 shrinking by 21.1% to $12.36 billion, according to data intelligence platform Tracxn.

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