2021 proved to be a year of funding for startups. $35.4 billion were pumped into the start-up ecosystem as opposed to $13 billion in 2020.
Funding for startups
This report is according to the India Tech Annual Factsheet 2021 by Tracxn. A total of 1,926 funding rounds took place this year with Series A+ rounds accounting for 674. This year, 3,143 new companies were founded and nearly 1,638 firms were being funded.
Out of the total 77 unicorns company, 41 received the status this year. According to the data, Flipkart tops the charts with its Series J funding worth $3.6 billion.
