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Start-up segment shows recovery post lockdown: report

Oct 15, 2020 11:45 IST

As the new normal takes over amid the Covid crisis, start-ups have gradually recovered to the pre-Covid levels in the July-September quarter, according to a report in Financial Express. Firms managed to raise about $2.79 billion in the 3rd quarter of the year, more than double the $1.33 billion funding it secured in the 2nd quarter. While the online services mostly remained unhindered, edtech, grocery, and gaming companies have expanded their user base. The report also pointed out that the digital health segment had also seen considerable demand for remote diagnosis, tele-consultation, and online pharmacy services.

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