10 SHARES Share TweetMumbai (AFP), Dec 31 – Sumit Gupta has had a big year — turning 30, getting married and seeing his startup become one of India’s newest tech unicorns. Overseas funds put more than $35 billion into Indian startups in 2021 — a tripling from 2020, according to data compiled by Tracxn — buying into everything from fintech and health to gaming. In the startup space, investors this year sank $54.5 billion into Chinese firms, down from $73 billion in 2020, analysis by GlobalData showed. Indian tech also saw a record number of initial public offerings this year. “Recruiters reach out to us all the time,” one tech employee told AFP on condition of anonymity.

Source: Daily Nation December 31, 2021 22:19 UTC