Approximately 2x increase in funding noted in Q3 CY21 compared to Q3 CY20.
Monday, 18 October 2021 – Indian startups have got record funding in Q3 of CY21, with investment totalling USD 10.9 billion across 347 deals - the first-time investments in a quarter have crossed the USD 10 billion mark, as per the PwC India report titled, “Startup Perspectives - Q3 CY21.” This was twice the amount of funding received in Q3 CY20 and an approximate increase of 41% when compared to Q2 CY21.
Increase in funding activity was noted across all sectors, both in terms of value as well as volume. However, FinTech, EdTech and SaaS are the top three hot investment sectors in CY21, together accounting for approximately 47% of the total funding activity. The FinTech sector saw a fourfold increase in funds raised in the first three quarters of CY21 when compared to the first three quarters of CY20. Six FinTech companies attained unicorn status.
Discussing the investment in startups 2021 thus far, Amit Nawka, Partner – Deals & Startups Leader, PwC India, said, “Start-ups have leveraged the accelerated digital adoption seen amongst businesses and individuals alike to create newer business models and this is driving investor interest in a big way. We are seeing the average deal size increase and quicker funding rounds which has led to a surge in deal activity across sectors, since early this year.”
Startup Perspectives for Q3 of CY21 – A snapshot
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