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HomeBusinessStartups raised $10 billion in January-March, 14 companies became unicorns: Report

Startups raised $10 billion in January-March, 14 companies became unicorns: Report

Due to the strong startup environment in the country, 14 companies have been successful in getting unicorn status even in the first three months of the year 2022.

Due to the strong startup environment in the country, 14 companies have been successful in getting unicorn status even in the first three months of the year 2022. This is the third consecutive quarter that startups have raised over $10 billion in funding.

startups in the country (Startups) 14 companies Unicorn in the first three months of 2022 also due to the strengthening environment (Unicorn) have been successful in attaining the status of this is the third consecutive quarter (Quarter) when startup companies have raised more than $10 billion in finance. Unicorn means valuation of more than one billion dollars (Valuation) is from. According to a report by advisory agency PwC India, 14 startups have been successful in joining the group of unicorn companies with a valuation of more than one billion dollars during January-March 2022. In this way, the number of unicorn units present in the country has increased to 84.

According to the report, Indian startup companies have raised $10.8 billion in finance in the first quarter of this calendar year. This is the third consecutive quarter in which Indian startup firms have been able to raise more than $10 billion in finance.

Software related companies got the most funds: Report

The PwC India report says that software as a service (SaaS) companies have received the most finance. In the last quarter, these companies had received funds of more than $ 3.5 billion. Five companies in the sauce sector have also been successful in achieving unicorn status in the January-March quarter.

PwC India’s Startup Head Amit Navka told PTI-language that despite the uncertainties prevailing in the global economic situation, domestic startup units are still successful in raising capital, especially they are able to raise capital for growth. However, he said that with the maturity of startup companies, now the discussions about their effective governance have started gaining momentum. In such a situation, startup firms will have to focus on designing the company operations that match their growth aspirations.

According to the report, there have been around 80 mergers and acquisitions deals in the startup ecosystem in the period January-March 2022. Of these, 38 percent has been from e-commerce companies.

Let us tell you that in today’s time every youth’s dream is to start their own startup. And now more and more startups are also emerging. In fact, it has become easier than ever to get money at every level from the inception of the idea to its growth. Which innovators are taking advantage of.

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read this also:Rising inflation is the biggest challenge, to bring it under control, tax cut on petrol and diesel is necessary: ​​Arun Kumar

Source: www.tv9hindi.com

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Shehnaz Ali
Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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