15 October, 2020

Indian Startup Funding Recovers In Q3 2020

  • By Team SP

Compared to Q2 2020, both the funding amount and deal count recovered by 167% and 46% respectively. However, the funding amount still remains 32% lower compared to Q1 2020, whereas the deal count was 25% higher in Q1. When compared to Q3 2019, both the funding amount and deals in Q3 2020 remained relatively low, indicating the adverse impact of the pandemic on startup investments in 2020.

A study by Inc42Plus has revealed that between January to September 2020, so far $8.1 Bn has been invested into Indian startups across 652 funding deals. Out of which 51% or $4.1 Bn was in Q1 2020. Whereas in terms of deal count Q3 2020 had the highest contribution, accounting for 40% or 261 out of the 652 deals recorded this year (as of 25th Sept).

While SAIF Partners shared the sixth slot with Matrix Partners, venture capital funds — Sequoia Capital, Accel Partners gained the top slots, while early-stage investor — Mumbai Angel Network took the third slot with 7 deals.

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