A store for beauty products platform Nykaa in Mumbai, India, where startup investments tripled in 2021. Photo: AFP
A store for beauty products platform Nykaa in Mumbai, India, where startup investments tripled in 2021. Photo: AFP
India

Investors choose India over China for startups in 2021 tech boom

  • This year 44 Indian unicorns – privately held startups valued at more than US$1 billion – were minted as investors piled US$35 billion into the ventures
  • Foreign investors are choosing India over China because of a clampdown by Beijing on runaway growth in the internet sector, and reining in of big businesses

Topic |   India
A store for beauty products platform Nykaa in Mumbai, India, where startup investments tripled in 2021. Photo: AFP
A store for beauty products platform Nykaa in Mumbai, India, where startup investments tripled in 2021. Photo: AFP
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