2020 year in review: Risk investors pour $9.3 billion into Indian startups despite Covid-19 woes

Investors have poured in about $9.3 billion into Indian startups so far in 2020 despite the Covid-19 pandemic upending many sectors of the economy, data from industry tracker Tracxn showed.

In December alone, more than $1.5 billion was invested across companies including food delivery app Zomato, logistics player Delhivery, and InMobi’s Glance, even at a time when deal closures usually slow as things wind down for the year. The investments have been spread across 1,088 financing rounds, according to the Tracxn data shared with ET.

In 2019, domestic startups had raised a total of $14.2 billion across 1,482 rounds from January 1 to December 23.