India and Sub-Saharan Africa.
GLOBAL POWERHOUSES OF INNOVATION AND DEVELOPMENT
With increasing stability, governmental policies that have energized domestic markets, social and demographic changes transforming these societies, and international investment pouring in at an accelerating pace, these markets are projected to enter a phase of substantial and sustained economic expansion. The demographic dividend driven by improved healthcare and reproductive options are also meaningful factors for economic growth in these regions.
Further driven by a confluence of exploding demand, massively expanding middle-class consumer bases, increasing openness of trade and stronger regulatory and legal systems, roaring productivity has positioned these markets to become the engines generating the innovation that will create the future. We know these markets inside and out and have been dedicated to these regions — the fastest growing and most vibrant and innovative startup ecosystems in the world — for decades.
Indian startup funding is on track to reach record highs in 2021.
Market Insights | India
- In the first half of 2021, investors pumped at least $10.8 billion into Indian startups across 614 deals
- Capital inflow in Indian startups is likely to reach between $19 billion and $23 billion by the end of the year
- So far in 2021, 9 Indian startups have reached the $1B+ valuation
- According to current trajectory, India is on track to produce over 100 unicorns by 2023
- Early-stage startups raised $6.9B, up from $3.3B in 2019
- 459 were Series A or later
- Tech startups in India participated in 1,185 financing rounds
- 871 investors
- 81 financing deals between $25-$100M
Current Outlook: Venture Capital Investment to Reach Record High in 2021
Market Insights | Africa
BY THE NUMBERS:
- 85% of investment capital (~$1.5B) went to Sub-Saharan countries
- 250 rounds (+52% YoY)
- 234 startups
- 41% of funding to fintech
- 358 different investors
- 17% of rounds with female founder
TRAJECTORY OF VENTURE CAPITAL INVESTMENT IN AFRICAN STARTUPS:
- In 2019, venture capital investment rose to an all-time high of $2.02 billion
- This was an increase of +74% YoY
- New record highs were anticipated in 2020 pre-pandemic, although even with the pandemic, Africa reached investment totals of $1.4B
- In 2021, anticipated VC funding will be between $2.25B and $2.8B, which if met, will surpass the record highs for VC investment in Africa