Indian startups have raised a record $11.3B this year

Indian technology startups are having the best year so far as they set a record of raising  $11.3 billion after the downfall in 2016 when the startups only accumulated $4.3 billion i.e. $3.6 billion less from the year before. According to the research firm Tracxn, startups with consumer-facing offerings including financial services have attracted most of the venture capital this year with $8.2 billion, followed by retail startups and enterprise service providers.

It is a fascinating turnaround for the nation, which just 10 years ago had a very small startup ecosystem.

Source: Tech Crunch