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India Ranks Fourth In The Number Of Startups That Have Raised Over $50 Mn Funding: Report

Inc42 · 1y

India ranks fourth globally in terms of the number of startups that have raised $50 Mn or more in funding, according to Startup Genome's Scaleup Report. Out of the 12,400 such startups worldwide, 429 are from India. India also secured the third position in terms of total funding, with these startups raising a capital of $127 Bn. The report highlights the dominance of biopharma and fintech sectors in scaleups, and a rising trend of serial founders in the Indian startup ecosystem. Despite the funding winter, the increasing number of scaleups showcases the maturity of India's startup ecosystem.