India has become the world's second largest global venture capital investment hub for digital shopping companies.
According to London and Partners Analysis of Dealroom.co investment data released on Wednesday, India attracted $22 billion in investments last year. While America is at the top with 51 billion dollars, China (14 billion dollars) and Britain (7 billion dollars) are in the third and fourth positions respectively. Meanwhile, the latest analysis showed that India received only 8 billion dollars of investments in 2020, a growth of 175 percent in a year. If this is the case, it is remarkable that Bangalore holds the first place in the world by cities. Bangalore has received venture capital investments worth 14 billion dollars in direct digital shopping.
Bangalore is followed by New York City, San Francisco, London and Berlin in the top 5. Gurugram is at 7th place and Mumbai is at 10th place. Gurugram received investments of $4 billion and Mumbai received investments of $3 billion. Meanwhile, London and Partners India Director Hemin Bharucha said that due to the lockdowns around the world, the demand for online purchases has increased. Bangalore has shown its strength in the category of future unicorns as well. 6th in the world rankings with 19 unicorns. Gurugram is at 7th position with 13 unicorns and Mumbai is at 14th position with 7 unicorns. Meanwhile, the total value of global venture capital investments in 2021 is 140 billion dollars. It is noteworthy that in 2020 it will be 68 billion dollars.
