Indian startups received $6.1 billion in funding in Q3CY21: Nasscom report

The technology startup ecosystem in India received $6.1 billion in funding in the third quarter of calendar year 2021, which was a quarterly fall of around 6 per cent, according to a report from industry body National Association of Software and Services Companies (Nasscom).

The “Tech Start-up: Quarterly Investment Factbook” (Q3 CY2021 Start-up deal analysis) covers trends around five key verticals- Fintech, Healthtech, Retailtech, EdTech and Enterprise tech.

There was an increased focus towards late stage startups, accounting for more than 50 per cent of the deal value. Among sectors, edtech and food tech dominated this quarter, accounting for more than 45 per cent of the deal value.