As per  GlobalData statement, Indian startups got USD16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries. "Despite the third wave of COVID-19 pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem.

 In fact, Indian startups stood next only to Chinese counterparts in terms of venture capital funding value among the APAC countries during January to July 2021," the leading data and analytics company said. An analysis of GlobalData's financial deals database reveals that a total of 828 VC funding deals were announced in India during January-July 2021 while the total disclosed funding value of these deals stood at USD16.9 billion. Some of the notable VC funding deals announced in India during January-July 2021 include USD3.6 billion raised by Flipkart, USD 502 million raised by Mohalla Tech (ShareChat), Zomato's capital raising of around USD500 million). Aurojyoti Bose, Lead Analyst at GlobalData, said: "India managed to showcase growth despite a decline in VC funding deal volume."

RBI Governor Shaktikanta Das opined for continuous policy support to revive growth

Kerala govt to devise 20 lakh jobs in next 5 years, this much money to be spent

Global goods trade continues strong recovery: World Trade Organisation