What a year 2020 had been!
Even as all seemed bleak, Indian startup founders did not lose hope, believing in “this too shall pass,” and continued to battle hard with resilience and empathy.
According to YourStory Research, the third-largest startup ecosystem came full circle in 2020 as the total funding and number of deals reaching a similar state as in 2015 — a year considered the tipping point for initiating the growth of startups in India.
Indian startups raised $9.4 billion across 881 deals from around 1,476 active investors in the ecosystem. While the funding amount reduced by almost 17 percent in comparison to 2019, the number of deals received a setback of around two percent.
Although investors adopted a cautious approach,…