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Despite COVID, startups in India reaped $3.8 billion from 152 PE-VC agreements in June.
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July 8, 2021 by Pramugdha Mamgain
ResearchPremium
While the deadly second wave of COVID-19 went on in India, the country’s startups raised a total of $3.83 billion in venture capital and private equity funding in June, according to DealStreetAsia’s proprietary data.
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BrowserStack 9Unicorns SoftBank’s Vision Fund II Tiger Global is managed by Byju.
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In May, the second COVID-19 wave of startups received $1.8 billion in funding, down 57 percent from the previous month.
The $285 million financing round for Pine Labs was the largest of the month.
Big-ticket deals boost startup investment by 72 percent year over year to $2.4 billion in March, according to Venture Capital India’s Deal Review.
The biggest transactions were signed by Byju’s, Dream Sports, FirstCry, Five-Star Business Finance, and Uniphore.
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