Indian new businesses brought $6.5 billion financings up in Q2 2021, 11 new unicorns made: report

The complete number of unicorns in the nation is 53 as of June 2021 Indian new businesses got about $6.5 billion in subsidies in the April-June 2021 quarter, while 11 of them entered the desired unicorn club, a report by Nasscom-PGA Labs said.

Indian new businesses brought $6.5 billion financings up in Q2 2021, 11 new unicorns made: report

During the subsequent quarter, 160 subsidizing bargains were shut — down 2% from the January-March period. 

"Q2 2021 has been flawless for the beginning up development story. From being the most subsidized quarter, it has likewise added the most number of unicorns. Standing tall during the pandemic second wave headwinds, the Indian beginning up biological system has shown a solid strength in this quarter," the report said. 

Subsidizing brought up in the June quarter was at $6.5 billion, up by 71% quarter-on-quarter. 

The greatest arrangement during the quarter was the $ 800 million raised support by food conveyance stage Swiggy, trailed by ShareChat ($502 million), Byju's ($340 million), PharmEasy ($323 million) and Meesho ($300 million), the report said. 

Pine Labs raised $285 million, Delhivery $277 million, Zeta $250 million, Cred $215 million and Urban Company $188 million in the June 2021 quarter, according to the report. 

"The Indian startup environment that produced 53 unicorns till June 2021 has taken extraordinary steps in the April-June quarter. From recording most subsidizing arrangements to adding the most number of unicorns in a quarter, financial backers' trust in acceptable quality computerized organizations has fortified more than ever," PGA Labs Director, Competitive Intelligence Abhishek Maiti told PTI. 

He added that the arrangement stream looks encouraging for the last half too as India opens after a series of lockdowns and areas, for example, fintech, food tech and health tech keep on profiting from pandemic-initiated reception. 

Fintech was the most subsidized area, representing 27% of the absolute arrangement esteem in the detailed quarter. 

This was trailed by food tech (13%), venture tech (11%), edtech (10%), and media and amusement (8%). 

Development stage subsidizing represented 61% of the complete arrangement esteem, it added. 

Around 100 new businesses got subsidizing in the beginning phase, representing 9% of the absolute financing raised. 

The June 2021 quarter additionally saw the ascent of 11 unicorns (organizations with $1 billion valuations) — Urban Company, Cred, Meesho, Groww, ShareChat, PharmEasy, Zeta, BrowserStack, Moglix, Gupshup and Chargebee. 

This has taken the complete number of unicorns in the country to 53 as of June 2021. 

About 27% of the unicorns included in the second quarter of 2021 were fintech new companies, while 18% each have a place with SaaS (programming as assistance) and social business, the report said. 

Curiously, Tiger Global put resources into 64% of the unicorns during the second quarter of 2021. 

The report noticed that B2B new businesses raised more than $1.9 billion across 85 arrangements, with a normal arrangement size of $22 million. 

The main three B2B subsidized new businesses were Zeta, Razorpay and Axtria. 

B2C new businesses raised more than $4.2 billion across 75 arrangements, with a normal arrangement size of $56 million. 

The top three B2C supported new businesses are Swiggy, ShareChat and Byju's, the report added. 

DeepTech new businesses raised $450 million across 29 arrangements.