Food, logistics startups witness a #funding boom in 2020 amid pandemic:

>Funding in #foodtech startups more than doubled to $1.3B

>#Logistics startups raised close to $965M, which will eventually increase in

>#Edtech mopped up $2.1 billion, the highest of all sectors, against $426M in
2019, thanks to BYJU'S, which raised over $1.25B

>#ecommerce, which typically bags the bulk of the funding, saw a dip in 2020,
raising less than a fourth of the $3.3B, it raised in 2019

The food segment is expected to follow the high growth runway & attract more
capital as startups continue to expand their reach & add more restaurants, cloud

As the legacy supply chain models failed to provide supply at transparent rates,

the increased demand for both non-essential & essentials items was catered by
tech-aided logistics players.

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Posted by Sathish CP on LinkedIn