Nasscom report stated that there had been a surge in the number of startups in India. In 2021 the number rose to 2,250 startups, 600 more than the preceding year. The Indian startups have raised about 24.1 billion dollars in the year 2021. The report, titled “Indian tech startup ecosystem: Year of the Titans”, said that the startups had raised about 24.1 billion USD in 2021, which is almost twice as compared to the pre-covid years. The study says that there has been a threefold increase in the number of high-value deals (deals of USD 100 Million or more); this shows that there is significant confidence in the Indian startups and angel investors are ready to take a substantial risk on them.
According to Nasscom, Indian startups saw a 2x increase in cumulative valuation from 2020 to 2021. This gain is said to be around USD 320-330 billion, which shows that the sector is on the path of recovery despite the pandemic.