PremiumThe tech sector, which threw up several unicorns, or private companies with a valuation of $1 billion, last year, notched up over $16.3 billion in total funding. This was followed by e-commerce with $15.9 billion
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NEW DELHI : For the first time, 14 sectors received over $1 billion each in investments in 2021, with tech and financial services cornering most of the investor capital, a report jointly published by industry body IVCA (Indian Venture and Alternate Capital Association) and consulting firm EY said.
The tech sector, which threw up several unicorns, or private companies with a valuation of $1 billion, last year, notched up over $16.3 billion in total funding. This was followed by e-commerce with $15.9 billion. These two sectors accounted for 42% of all the investments in 2021, the report said.
“This shift was driven by a global trend which saw PE/VC (private equity and venture capital) funds favour investments in internet and tech-enabled business that saw a steep ramp up in consumer adoption during the pandemic that shortened the earlier envisaged digital adoption cycle," the report said.
The financial services sector dropped to the third place, despite receiving a record $11.7 billion in funding after being a leader over the previous decade.
These top three sectors were followed by infrastructure ($5.4 billion), real estate ($5.3 billion), media and entertainment ($4.9 billion), education ($3.7 billion), pharmaceuticals ($2.3 billion), healthcare ($2 billion), retail and consumer products ($1.95 billion), automotive ($1.74 billion), telecommunications ($1.42 billion), food and agriculture ($1.27 billion) and logistics and transportation ($1.25 billion).
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