A total of $2.8 Bn was raised across 261 funding deals in Q3 2020, with deal count rising by 46%
The funding amount and deals in Q3 2020 remained relatively low on a year-on-year basis, but the funding amount in Q3 2020 surged 167% compared to Q2
Recovery can largely be attributed to funding in enterprise tech, edtech, and fintech, but the total funding in Q3 2020 remains lowest for the third quarter in the past three years
The sudden imposition of the lockdown and mass social hysteria among consumers left millions of businesses reeling in the past six months, leaving a $320 Bn dent on the Indian economy. In the context of the Indian startup ecosystem, this market uncertainty made investors wary about making new investments in startups. The widespread cash crunch and cost-cutting measures to extend runways led to massive layoffs at Indian startups.
As people adapted to the new normal,…
