Indian startups are flush with cash amid rapid digitization

Despite a raging pandemic, the Indian startup ecosystem has attracted a rush of capital as the Indian startup ecosystem was able to demonstrate its resilience and has in fact been able to leverage the wave of digitization that covid-19 has resulted in.

“You have seen incredible resilience. The digitization wave that started last year is continuing. Investors recognize that potential. They know this is a temporary setback. If anything, it is a permanent shift in the right direction for technology-led businesses. We can clearly see investor enthusiasm around that,” said Karthik Reddy, co-founder of Blume Ventures, an early-stage investor.