The Indian startup ecosystem saw $10.6 billion of venture capital investments in 2020 so far, lower than the $12.5 billion seen in 2019, according to the latest data from venture intelligence. The total number of VC deals stands at 648 so far in 2020, much lower than the 833 deals in 2019 and 731 deals in 2018. This is the lowest number of deals in the last five years.
The sectors that bagged the highest VC funding include ecommerce, which saw $2.32 billion of funding, followed by edtech, which raised 2 billion dollars in funding. Next on the list was logistics that raised $1.71 billion followed closely by foodtech which saw $1.45 billion in funding and then fintech that raised a funding of $1.4 billion this year.
The year 2020 also saw 10 new unicorns, which is higher than the nine unicorns created in 2019 and 8 in 2018. The unicorns of 2020 are Pine Labs, Unacademy, Postman, Nykaa, Dailyhunt, Cars24, Zenoti, Razorpay, Zerodha, and Glance.
To take stock of 2020 and to find out what 2021 would look like for the startup ecosystem, Startup Street is in conversation with Karthik Reddy, Vice Chairman, IVCA and Co-founder & Managing Partner at Blume Ventures, Shanti Mohan, Co-founder & CEO of LetsVenture, Pankaj Makkar, MD of Bertelsmann India Investments and Vinay Bansal, Founder and CEO of Inflection Point Ventures.Watch this video for more.