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Indian startups are turning out to be the darlings for global venture capital funds. The quantum of VC investments into the country has surpassed China as uncertainty grips the latter&rsquo;s economic landscape.</p>
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In the first nine months of the calendar year, global venture capital firms have invested a total of $17.2 billion in Indian startups, a jump of 150 per cent compared to last year. According to reports, VC investment into China&rsquo;s startup ecosystem increased by 97 per cent this year.</p>
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VC investments in Lenskart, Zomato, Byjus&rsquo;s, Unacademy, Swiggy, PharmEasy, Pine Labs, Zeta, Cred, RazorPay, HealthifyMe, Vedantu, Dunzo, Bira 91, Mamaearth, MyGlamm, Uniphore Software Systems, are among the prominent ones.</p>
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In China deal value increased from $34 billion to $67 billion this year, a data collated by the tech intelligence firm CB Insights revealed.</p>
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<strong>Also read: <a href="https://www.indianarrative.com/economy-news/venture-capital-firms-flocking-to-india-after-china-s-tech-crackdown-126732.html">Venture capital firms flocking to India after China&rsquo;s Tech Crackdown</a></strong></p>
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&ldquo;Despite the third wave of Covid-19 pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian start-ups ecosystem. In fact, Indian start-ups stood next only to Chinese counterparts in terms of VC funding value among the APAC countries during January to July 2021,&rdquo; GlobalData, a data and analytics company noted.</p>
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A report by Nikkei Asia said that &ldquo;hundreds of venture capital firms from around the world are investing in India for the first time, suggesting a breakout moment for the country&#39;s startups but also raising questions about whether the boom will be sustainable.&rdquo;</p>
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