$4.3 Billion Funds Raised by Indian Start-Ups in 9 Months: Nasscom

Bengaluru: Depicting growth in Indian start-up industry, a total of $4.3-billion (Rs 31,476-crore) were raised by the start-ups over a span of 9 months from January to September, IT industry apex body Nasscom said on Thursday. “The investment in Indian start-ups increased 108 per cent annually from $2-billion from January to September in 2017, to $4.2-billion during the same period in 2018,” president Debjani Ghosh told reporters at the 15th edition of Nasscom Product Conclave 2018 being held in this tech hub. The IT trade body released its report on ‘Indian Start-up Ecosystem — Approaching Escape Velocity’ as part of the two-day conclave, which said a total of 1,200 start-ups were added in 2018 till September. (IANS)