Nitin Chadha, Co-Founder, and COO, sRide shares his take on startups in the year 2020, with BW Businessworld.

If the year 2019 was fantastic for the Indian startup ecosystem, 2020 is expected to be even better one. A recent research report says that investors are now showing interest in start-ups that are operating in tier II and III cities. The report says the startup ecosystem witnessed around $42 million worth of investments in 2016. The number jumped 10-fold in 2018 to $447.7 million. The number of deals too doubled from 32 in 2016 to 63 in 2018. During the early part of 2019, some $165 million was raised by the startups from 18 deals.

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