Annual investments into startups increase to $36 billion: DPIIT SecretaryAnnual investments into startups increase to $36 billion: DPIIT Secretary

Investors are taking huge interest in the country’s startup ecosystem and in the last one year, annual fundings into startups have increased from USD 11 billion to USD 36 billion, a top government official said on Saturday.

Anurag Jain, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said the share of investments coming to startups in India from world over, which includes domestic investments also, has risen to 6 per cent from 4 per cent earlier.

“The kind of interest which is being taken in the startup investment climate…In the last one year, annual investments into the startups have increased from USD 11 billion to USD 36 billion,” he said at the National Startups Award event.