Indian Economy News

Iron Pillar to raise US$ 400 million to empower Indian tech startups: Report

According to Deal Street Asia, Iron Pillar, a leading investment company that backs tech startups in India, is expected to raise US$ 400 million to boost the country's startup ecosystem. Iron Pillar provides growth capital to help Indian startups expand their global footprint.

According to a report by Iron Pillar, India is expected to have more than 250 unicorns by 2025. After China and the US, India now has the third-largest startup ecosystem globally. There are currently more than 100 unicorns in India.

In 2021, Indian startups raised US$ 42 billion across 1,583 deals, resulting in 42 unicorns.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.