Amidst Covid-19 crisis, Indian startups receive investments worth $9.3 billion in 2020 (as per consultancy firm Tracxn).

This value is much lower than the record $14.5 billion acquired by Indian startups last year as the number of deals in 2020 reached 1,088 from 1,185 last year, reported by TechCrunch on Monday.

20 funding rounds with deal-size $100 million or larger were there in 2020 as compared to 26 in the previous year.

Dealsize $50 million rounds to $100 million fell to 13 in 2020 from 27 in 2019.

The values exclude the funds raised by Jio Platforms which alone acquired more than $20 billion investments in 2020.

The report reveals that fortunes for the Indian startups turned highly in the second half of the year.

The startups acquired just $4.2 billion in the first half of the year 2020 from almost 461 deals said in Tracxn.

The year witnessed 11 Indian startups which include RazorPay, Glance and Unacademy reach unicorn status.

The report also revealed that the global technology giants like Google, Microsoft and Facebook signed checks for Indian startups, while Chinese giants like Alibaba and Tencent made fewer investments during the border tensions with India.