India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175 per cent from USD 8 billion in 2020 to USD 22 billion in 2021, according to an official analysis released here on Wednesday. On a global scale, India came in second to the US last year, which attracted USD 51 billion in investment, followed by China at third with USD 14 billion and the UK at fourth with USD 7 billion. Within India, Bengaluru comes out on top globally with USD 14 billion worth of Venture Capital (VC) investments in digital shopping in 2021, followed by Gurugram at No. 7 with USD 4 billion and Mumbai at No. 10 with USD 3 billion. Bengaluru almost tripled its investments from USD 5 billion in 2020 to take the top spot, ahead of other leading cities in the world 바카라 New York City (second), San Francisco (third), London (fourth) and Berlin (fifth).
According to the London & Partners analysis of Dealroom.co investment data, increasing demand for online purchases during a series of lockdowns across the world during the COVID-19 pandemic led to global investors showing a strong appetite for backing e-commerce companies. 바카라Today바카라s data shows that the UK and India are two of the world바카라s leading hubs for digital shopping companies with high levels of global investment and unicorns,바카라 said Hemin Bharucha, Country Director, India at London & Partners 바카라 the Mayor of London바카라s international trade and investment agency. 바카라It바카라s fantastic to see Bengaluru emerge a global leader for digital shopping investment last year. This surely creates several opportunities for collaboration with an already strong market in London. 바카라As Europe바카라s largest hub for digital shopping investment, there has never been a better time for India바카라s strong pool of fast-growing e-commerce companies to choose London as the destination to scale their business outside of their home market,바카라 he said. The data also shows that Bengaluru ranked number 5 among cities with the potential for future unicorns, just behind London. Three of the 15 global cities with the highest count of current unicorns are in India 바카라 Bengaluru at No. 6 with 19 unicorns in 2021 (up from three in 2020, Gurugram at No. 7 with 13 unicorns (up from 3 in 2020) and Mumbai at No. 14 with 7 unicorns.
London is the leading European hub for digital shopping investment, with a record USD 5 billion raised by digital shopping companies based in the capital in 2021. Notable investment rounds into London-based digital shopping companies in 2021 included: USD 180 million series H funding round for online food delivery service, Deliveroo; USD 150 million raised by online used car marketplace, Carzam; and USD 55 million raised by online dog-food delivery service, Butternut Box. 바카라London has always been a city with a distinct creative style that comes from the grassroots and the street,바카라 said Julia Hawkins, partner at venture capital firm LocalGlobe. 바카라The huge growth in e-commerce has pushed many consumers into communities where they can find their tribe. Combining London's creative flair with e-commerce and embedded fintech can create new opportunities for start-ups in London that the rest of the world will look to," she said. Overall, global venture capital investment into digital shopping more than doubled in 2021 following a significant consumer shift to e-commerce platforms during the pandemic. The total global VC investment for 2021 stood at a record USD 140 billion, up from USD 68 billion in 2020. London & Partners said the figures relating to investment into digital shopping companies are based on analytics firm Dealroom.Co바카라s definition of online marketplaces, which supplied the VC investment data as of February 15 this year.
PTI Inputs
