View Full Image A blessing of unicornsUnicorns such as food delivery firm Zomato and edtech platform Byju’s emerged at the top of the most-funded startups this year. Zomato raised $660 million, touching a $3.9 billion valuation, with 10 new investors coming onboard, ahead of a planned initial share sale next year. Founder and chief executive Deepinder Goyal tweeted recently that Zomato is on track to post its best-ever monthly sales in December. Apart from the large domestic opportunity, edtech startups are actively expanding into developed regions such as North America, Europe, and West Asia," Bansal said. Valuations for many companies such as edtech firms Unacademy and Byju’s surged as their sectors headed for exponential growth with direct tailwinds from the pandemic.

Source: Mint December 30, 2020 23:48 UTC