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Big get bigger as select startups gain most amid funding boom
source link: https://nextbigwhat.com/big-get-bigger-as-select-startups-gain-most-amid-funding-boom/
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Big get bigger as select startups gain most amid funding boom
- Select companies have gained the most from a sustained funding boom in the domestic market, amid an unprecedented inflow of risk capital and steep valuations.
- ADVERTISEMENTData sourced by ET from industry tracker Venture Intelligence showed that almost 50% of the $24.5 billion in total funds raised by Indian startups between January and September has been ploughed into 73 companies in follow-on rounds.
- International investors and stakeholders are hungry for a piece of top players amid increased liquidity in the US market and reallocation of funds from China to the Indian startup ecosystem following the country’s crackdown on tech companies.
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