17%: Decline in venture capital (VC) investments in January-September 2020 when compared with the same period a year earlier – from $7.9 billion to $6.5 billion.

Business Standard
29nd October

17%: Decline in venture capital (VC) investments in January-September 2020 when compared with the same period a year earlier – from $7.9 billion to $6.5 billion.

  • The funding was led by the education, real estate and fintech sectors, which accounted for $1.76 billion, $754 million, and $730 million of the funds raised, respectively.
  • In the education sector, Byju’s Classes has topped the table in 2020 with a fundraising of nearly $1 billion in four tranches from various investors, including TPG Capital, Tiger Global, ChrysCapital, Silver Lake, Owl Ventures, Sands Capital, General Atlantic, and others.
  • Oyo Rooms raised $507 million from SoftBank. Unacademy raised raised $153 million from SoftBank, IIFL VC, Nexus Venture Partners, Sequoia Capital India, and others.
  • TPG Capital, Tiger Global and ChrysCapital, among others, have invested $225 million in Dream11.com, according to Venture Intelligence Data.
  • Investors say investment activity will increase in the coming months because Covid-19 has opened several new and first-time opportunities for startups as consumer habits are changing.

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