While
During Q4, home delivery, marketplace platforms, and e-commerce were the hottest areas of investment, attracting the majority of India's funding rounds of $100 million or more, including a $200 million raise by marketplace platform Cars24 and a $660 million raise by food delivery company Zomato.
"There have been a number of sectors that have really benefited from the pandemic here in India. Interest in staples delivery - fresh food, groceries, and the likes - has grown quite significantly in recent months, in addition to online retail and gaming. That has driven a lot of investment," Nitish Poddar, Partner and National Leader -- Private Equity, KPMG in India, said in a statement.
"Then there's edtech. It's been an attractive area for VC investors for a couple of years now -- but in 2020, that interest skyrocketed and so did the investments," he added.
Despite global uncertainty resulting from a number of ongoing events, including the Covid-19 pandemic, global VC investment remained very robust in Q4, with $80.8 billion in investments across 5,418 deals.
This strong performance helped drive annual global VC investment to $300.5 billion in 2020 -- up from $281.6 billion in 2019 and second only to 2018's record $329.7 billion despite a drop in deal volume, said the report.
SEE ALSO;
Recession in India will end latest by March, says a top economist
Amazfit GTS 2 review – feature-rich, but there’s still room for improvement
WhatsApp to soon introduce voice and video calls for Web, multi-device support, JioMart integration and more