A seed funding of anything above $2 million would have made Indian entrepreneurs content until 10Club, an e-commerce marketplace aggregator, raised $40 million last June. It sowed in its peers the dreams of mopping up more from American investors who benefitted from the quantitative easing that came as a COVID-19 relief measure. As the money found its route to the Indian shores, start-ups received $15.6 billion in 2021 alone. This was a whopping 218 per cent more than what they had garnered a year ago, says Tracxn Technologies.
Rising Unicorns: A Boom Or A Bubble
A $3-trillion healing potion for the ailing US economy after the COVID-19 onslaught has turned out to be a booster dose for Indian start-ups