Start-ups rake in $9.9 bn funding across 881 deals in 2020

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The ecosystem raked in a total of $9.9 billion funding across 881 deals. In comparison to the previous year, the funding amount reduced by almost 17 per cent, while the number of deals received a setback of around two per cent.

Total number of active start-up investors in 2020 is 1476.

For the first time in 2020, edtech made its way to the top three sectors in the period 2015-2020. As expected, a key role was played by the massive adoption of online education due to the lockdown, which boosted investors' interest in the sector by several folds.

In the Tier-I geography, Bengaluru continued to top the charts in 2020, with $4.4 billion in funding across 307 deals. It was followed by Delhi-NCR ($3.5 billion across 247 deals) and Mumbai ($1.2 billion across 170 deals).

In 2020, edtech start-up BYJU'S secured the highest funding of $1.2 billion, followed by OYO Rooms ($807 million) and Zomato ($660 million). This is the first time any edtech startup has raised the highest funding leaving behind other hot sectors such as logistics, ecommerce, and foodtech.

Story: Shivani Sharma

Design: Pragati Srivastava