Industry
Startup Street: Just Three Sectors Took Home 75% Of Venture Capital Funding In 2020edit
Bloomberg Quint – Online Web
Consumer technology, software as a service and fintech were the red hot sectors in India’s startup ecosystem cornering almost three-fourths of venture capital funding. Of the $10 billion invested by venture capital and private equity in 2020, $7.6 billion was directed towards deals in these three sectors, according to Bain & Company’s India Venture Capital Report 2021. Consumer technology startups—that include food-tech, edtech and gaming, among others—attracted the most investor interest, the report said. Total deal value in the sector has more than doubled since 2018, with edtech and food-tech accounting for the bulk of it.
EdTech startup plans to onboard 1,000 new employeesedit
UNI India – Online Web
Indian EdTech platform, Lido Learning, is looking to hire close to 1,000 new employees in March 2021. The company, offering live online tuition classes in English, Maths, Science, and Coding to students from KG to standard 9, will soon roll out its Grade 10 CBSE program as well.