Venture investments touch $620 million for the week

Date posted: Monday 11 January 2021

The first eight days of the New Year has brought back the momentum of venture capital funding into the Indian startup ecosystem, with total investments touching $612 million as B2B unicorn Udaan led the show. Given the COVID-19 pandemic and the resultant lockdowns, venture funding in 2020 had also taken a hit, but with the start of 2021, there are very positive signs of things returning to pre-pandemic normalcy. There are startups like CRED and boAT which continue to get stronger investor backing. The second week of January saw a total of 20 transactions, with 12 of them in early-stage funding, followed by four each in growth and late stages. Debt funding made a comeback during the week with investments of $2.3 million.

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