Digit Insurance Becomes India’s First Unicorn Of 2021 With $18 million Fundraise
Bengaluru-based insurtech startup Digit Insurance has become the main Indian startup to enter the unicorn club in 2021, in the wake of raising INR 135 Cr ($18 Mn) from existing speculators at a valuation of $1.9 Bn.
Startup Funding Options in India
Planning to launch your own start-up? Now is the time. India is in its best ever phase of startup ecosystem and the economic environment is favoring the aspiring minds.
Presenting The State Of Indian Startup Ecosystem Report 2020
India has witnessed launch of more than 55,000 startups to date with more than 3,200 startups raising $63 Bn in funding in the last five and half years.
70% of Indian startups will run out of money in less than 3 months
70% of new businesses in India, home to one of the world’s biggest startup biological systems, have under a quarter of a year of money runway in the bank, and another 22% have enough to scarcely make it to the furthest limit of the year
India start-up scenario.
Investments in the Indian start-up ecosystem surged 322 per cent in July year-on-year. They rose to $5.61 billion last month, against $1.33 billion in July 2019.