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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