According to experts, startups raising more funds is a function of a maturing startup ecosystem inGujarat. Explaining this, Anupam Jalote, CEO, International Centre for and Technology (iCreate), said, Increasing number of investors are now seeing startup funding as a good avenue for investing their corpus, as startups reflect promising Growth. The surge in the quantum of funds raised is also a reflection of a maturing ecosystem.
Jalote further explained that in the post-pandemic digital boom, a large chunk of tech startups such as providers of AI-driven solutions, fintech startups and even those in the electric vehicle segment are raking in the maximum funds followed by the other sectors.