 "Amitabh Kant, Startup Mahakumbh")
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Amitabh Kant, G20 Sherpa, inaugurates the Startup Mahakumbh summit in New Delhi. He emphasised the significance of correct governance and life like valuations | Photograph: X @amitabhk87
Setting an upbeat tone for the Startup Mahakumbh summit that started in New Delhi on Monday, Rajan Anandan, Managing Associate of enterprise capital agency Peak XV Companions (previously Sequoia India), hinted at a reversal of the funding winter. Indian startups are anticipated to lift round $8-12 billion in funding this 12 months, in line with Anandan.
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Round $10 billion – roughly Rs 80,000 crore – is enough for the Indian startup ecosystem to develop, Anandan mentioned.
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In 2021 the fundraise by startups had touched a brand new excessive of $41.4 billion, Tracxn knowledge confirmed. In 2022, IT was at $25 billion. Then in
First Printed: Mar 19 2024 | 12:48 AM IST