Desi startups lap up USD 63 Bn since 2016, Spawn 27 unicorns
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The startups ecosystem has raised as much as USD 63 billion in growth capital between 2016 and 2020, when they spawned 27 unicorns, according to the data collated by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance. This makes India the third largest tech startup ecosystem in the world. Of the total inflows, nearly half came in 2019 alone -- USD 34 billion and USD 17 billion in 2020 till May.