agritech startups was impacted last year due to widespread disruptions from the pandemic and the strict lockdown. These startups garnered $152 million through 30 deals in 2020, declining from $232 million through 32 deals in 2019, shows data from Venture Intelligence.
The figure, however, marked a sharp rise from $69 million in 2018 and $43 million in 2017 through 17 deals each, underscoring continued strong investor interest in the sector.“This (2020 performance) is a significant number and shows there is positive sentiment.
We should not forget we had a pandemic in the middle of all this," said Siddharth Pai, founder and managing partner, Siana Capital Management.Also Read | The curious case of the glowing beachesHe said more investments.