Coronavirus ruined what could’ve been a bumper year for Indian startup funding
The year 2020 was going to be a great year for Indian startups. Despite India seeing its first coronavirus case on Jan. 30, startups in the country raised an impressive $3 billion in fresh funding during February—nearly three times more than a year ago—according to data from Tracxn. “In general we see are $1.5 billion investments per month and February was an aberration (but) March 2020 was surely impacted by freezing of people and economic activity,” according to Yugal Joshi, vice-president at Texas-based consultancy Everest Group.
