Startup Funding, Job Creation Showing Recovery To Pre-Covid Levels, Reveals Report
The report further highlights that the local startups will create around 25,000 direct jobs this year to negate the impact of the Covid-19 pandemic. As per the report, equity funding in July-September hit nearly $2.79 Bn, coming close to the January-March figure of $2.84 Bn in funding. Meanwhile, the report says that in terms of job creation, a total of around 1.6 Mn direct jobs are being estimated to be created by 2025. A recent Inc42 Plus report, “State Of Indian Startup Ecosystem 2020”, predicts two possible scenarios in relation to the funding for Indian startups this year. This year, fintech has been the best performing sector in terms of funding deals for startups, with $543 Mn raised from 62 deals.