Telecom Ministry : Startups raised USD 1.7 billion in 2015 Q1

Q.  Indian startups raised how much money in the first quarter of the current fiscal in terms of USD billion?
- Published on 07 Dec 15

a. 1.3
b. 1.7
c. 2.3
d. 2.7

ANSWER: 1.7
 
Startups have raised USD 1.7 billion in Q1 of 2015 according to the telecom ministry. This is 300 percent more than USD 450 million raised during the first quarter of 2014. Modi tackled lack of coherent policy framework to support innovation and induce inclusive development.

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