Indian startup is considering raising around Rs 1 lakh crore this year. At the Startup Mahakumbh, a senior executive of venture capital firm Peak It is expected that Indian startups can raise $8-12 billion (Rs 66,316 to 99,493 crore) this year. The official said that before 2021, the investment amount in startups was $ 8-10 billion.
This will jointly increase to $60 billion in 2021 and 2022. Last year the investment amount was seven billion dollars, which people said was less. It could also have been zero, because six years of funding was available in two years. This year we are on track to invest $8-12 billion.
A funding of $10 billion or approximately Rs 80,000 crore every year is sufficient for the Indian startup ecosystem. Today there are about 20 startups in India, which are listed in the stock market. Their number is expected to increase to 100 in the next 7-8 years.
Former CEO of NITI Aayog, Amitabh Kant said that startups should focus on corporate governance and correct valuation to continue innovation and growth. On the concerns of startups in the country, Kant said that such companies will have to take strict steps to become sustainable and prosperous in the long run.
