Google, Microsoft and Amazon invest in more start-ups this year, surpassing pre-Covid levels – The Hindu BusinessLine

The number of start-ups funded by Facebook, Amazon, Microsoft, Google and Apple in 2021 thus far has surged beyond pre-Covid levels. Together the five companies have invested in 57 start-ups this year as against only 21 firms in 2019, according to data from Tracxn. And this year is not even over yet.

The numbers went up in 2020 too FAMGA invested in 32 start-ups last year, a marked increase from the 21 start-ups funded in 2019.

This year, among FAMGA, Google has funded the highest number of start-ups (29), followed by Microsoft and Amazon with investments in 12 start-ups each. Facebook has funded three this year (until November 19, 2021) and Apple has funded one, Tracxn data showed.

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The number of Indian start-ups that garnered investments from FAMGA this year has also surpassed pre-Covid levels. Of the 57 start-ups funded by FAMGA this year, 10 are Indian firms. This is a jump from the six firms funded last year and the four start-ups funded in 2019.

Here too, Google tops the list Google has funded five Indian start-ups this year, followed by Amazon at three firms, and Microsoft and Facebook with one start-up each. Indias stat has also overtaken Chinas numbers the last recorded FAMGA funding for a start-up based out of China was in 2019 Google invested in Chinas KaiOS an operating system for mobile devices for a Series B round.

The type of Indian start-ups funded by FAMGA this year mirrors the global trend they are spread across different sectors ranging from hyper-local delivery to e-commerce websites to marketplaces to fintech platforms. The list includes Dunzo, a start-up that provides multi-category home delivery services, Meesho, an online marketplace and reselling platform offering various products, DotPe, a firm that provides online ordering and customer engagement solutions for restaurants, and OYO, an app-based aggregator of budget hotel accommodations.

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Google, Microsoft and Amazon invest in more start-ups this year, surpassing pre-Covid levels - The Hindu BusinessLine