Start-ups in 2021 – UPSC GS3

Start-ups in 2021:
  • Numerous start-ups were added in 2021, over 600 more than what was added in the previous year.
  • Start-ups raised USD 24.1 billion in 2021, a two-fold increase over pre-COVID levels.
  • There was a 3X increase in the number of high value deals.
  • About 50% of the deals had at least one India-domiciled investor.
  • It said that more than $6 billion has been raised via public markets with 11 start-up IPOs in 2021.
Recommendations given by the Indian Tech Start-up Ecosystem report:
The report has suggested a few priority areas that can further fuel the growth of the startup ecosystem. These areas are:
  • encouraging tech startups to innovate for India
  • retaining the best digital talent in the country
  • procurement reforms to enable startups scale
  • creating avenues for attracting foreign investments into Indian start-ups and
  • growing global thought leadership for “world-class from India”.

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