India’s consumer Internet space with start-ups are raising funds from investors in the last 10 months and the investments have reached close to $5 billion, says a report.
Data collected from the market research firm Tracxn says that it is a good 42% lower than the amount raised in the same period in 2019.
Industry experts are positive with the given disruption occured due to the pandemic.
The startup industry enjoying good continuation of investments include sectors such as Ed-tech, gaming, food delivery and e-grocery despite the extended lockdown.
Byju’s has grown up by $1 billion, taking its valuation to a huge $11 billion. On the other hand, Unacademy has become a unicorn after $150 million investment raise.
EdTech is indeed the booming sector in India, says a report which stated how 55 million users registered for Ed-tech services between January and August this year.
By Sahana Iyer
